Looks like the fight is over folks......

Friday, June 19, 2009

Small Bondholder Attorneys file objections June 19

OK, some of you folks were getting nervous that the big guns were not ready to fire. I had assumed ("speculated" J) that the major objections would be today, as the deadline is June 19, 2009 at 5:00 PM. The filing is on behalf of the "Unofficial Committee of Family and Dissident GM Bondholders". Very interesting read...here is the original filing from just moments ago.....


Interesting the next document filed, Doc. No. 1970, was filed by the U.S. Trustee objection to the motion that the "Unofficially Committee of Family and Dissident GM Bondholders" not be granted official status. GM and the government are fighting with all they have not to allow the small GM bondholders a voice. Hearing is June 23, 9:45 AM.


1 comment:

  1. To add insult to injury, the filing documentation from GM came to the individual Bondholders in TODAY’S mail, June 19, 2009 at 1:00 PM PST. The filing deadline for OBJECTIONS was June 19, 2009 at 5:00 EST. It was an impossible for many small bondholders to even object. Its incredible what a FARCE they whole GM bankruptcy has become!