old retired fella
Banned
for yurt's belated edification
So much for the gov't takeover of GM
- Thread starter Onceler
- Start date
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i stand corrected on the majority SH
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still waiting for that bump onceler
lol....got caught lying and too chicken to bump the thread
lol....got caught lying and too chicken to bump the thread
Minister of Truth
Practically Perfect
What's the difference, other than one chooses to be brainwashed and the other doesn't?
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for the record watermark...a majority sh is not always 50% +1...in oregon all you need is 25% or more to get that status
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The Almighty
1) Yes... if you OWN shares of a company you are an OWNER... dumbass
2) They had a controlling interest in the firm prior to this sale, they still are the single largest shareholder so they are hardly on par with someone who owns a thousand shares.
3) They sold below breakeven, thus they just pushed breakeven on the remaining 33% up over $50 bucks per share.
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The Almighty
That is not all this was.
This was about the government creating different classes of shareholders among the same. They screwed most while protecting the shares of their union buddies. THAT is the part where the government exerted unnecessary intervention.
Why did they protect the unions and tell everyone else to fuck off?
While I agree that they never intended to completely take it over on a permanent basis, the control they did exercise was unwarranted.
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The Almighty
Um... a shareholder, whether holding one or one million shares, IS an owner.
You are correct that the 33% stake is no longer controlling interest. Being the single largest shareholder, the government most certainly has the loudest voice based on voting power. While they may choose not to exercise it and simply rubber stamp anything the board at GM does, the fact that they OWN a third of the company is not diminished.
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The Almighty
The volt is going to be a complete flop.... the ONLY way they see sales is if the government (you know, that owner that isn't exerting any control) goes ahead with the massive federal rebates to the prospective buyers.
At $40k per vehicle... no way does that sell without a massive subsidy from Uncle Sam.
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The Almighty
hmmm... they sold it for less than the per share requirement to break even for the tax payers.... yeah... that was bad.
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The Almighty
I own shares of Apple.
I'm not the owner of Apple.
Ya idjit....
you are not THE owner... but you are most certainly AN owner. That is what a SHARE is.
If you own 33% of the outstanding shares... you are likely the LARGEST shareholder and thus MOST influential.... in any company.
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Nope. All you have to do is agree to the terms I laid out; if you weren't horrified that I might find something, you would.
I've found dozens of links & threads on your "demands," and you always dodge & move the goalposts & split hairs. I'll bump the thread, but you need to first agree to the terms.
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you're a liar...you first offered to bump the thread if i wanted, i said i wanted....then you got cold feet and reneged on your promise to bump the thread if i wanted
you're the one who dodges, and moves goal posts and splits hairs....good lord, you just did so here....first it was "if i wanted" then you would bump it, when i said i wanted, you then MOVED or changed your demands to something else
what a dishonest prick....if you had something, you would show it, fact is, you have nothing liar
It's a disingenuous argument for anyone to try to use who is trying to prove either socialism or some sort of gov't takeover of industry, and you know it. They have half the stake they had, and will likely halve it again (or more) in 6 months time.
The "creep" of takeover that we were warned about didn't happen, and isn't happening. The opposite is. If you'd like, we can wait another 6 months or a year before revisiting this discussion, but the writing is clearly on the wall.
Personally, I'll have no problem bumping this thread in a year's time, because I know exactly where things are headed w/ regard to the gov't's involvement in GM.
Look at Yurtsie; so afraid to agree to some simple terms.
You know what you said; you're only admitting that by your refusal.
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no onceler, i already agreed to your initial offer
you're the coward that broke your promise to bump the thread if i want
you're a liar...everytime yoiu think you have something, you immediately run and bump it, the fact you aren't now tells everyone you're lying but can't admit it
You mean like when you called me a moron for stating the same position on earmarks a week ago that you stated in your own thread yesterday?
Sure, Yurtsie.
"Fool me once," as they say. Just agree to the terms, and we can get this over w/....
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your lies are boring....
i never called you a moron for that watch onceler will run and bump that thread and prove i'm right about his not bumping the thread about fear mongering
i never called you a moron for that watch onceler will run and bump that thread and prove i'm right about his not bumping the thread about fear mongering