On Thursday, a counteroffer was made that is much more fair and equitable.
See 60 Plus Association Press Release highlighting this counteroffer: http://news.prnewswire.com/ViewContent.aspx?ACCT=109&STORY=/www/story/05-01-2009/0005017504&EDATE=
GM “Main Street” Bondholders Coalition Endorses Ad Hoc Committee’s GM Restructuring Plan
Posted in News.
– May 1, 2009