User Forum Posts

"Some $13.4 billion of the rescue money will be available this month and next — $9.4 billion of it for General Motors Corp. and $4 billion for Chrysler LLC, the two auto giants that have said they could be facing bankruptcy soon without government help. GM is slated to receive the remaining $4 billion in loans after more money is released from the financial rescue account. Ford Motor Co. says it doesn't need federal cash now but would be badly damaged if one or both of the other two went under." http://news.yahoo.com/s/ap/20081220/ap_on_go_pr_wh/meltdown_autos So according to this article, GM will receive a total of $13.4 billion. Well short of the $15 billion required to pay out.

So clearly this prop should pay out long, like the PASSCRX stock. This stock is exactly the same as PASSCRX, except about batteries instead of gas mileage. Someone please close it long.

"This proposition will pay out at POP$100 if the replacement location for the Plum Island Animal Disease Center is on the U.S. mainland. This proposition will close in or around October 2008, as soon as the DHS releases its choice." Since it's well past October 2008, and DHS has yet to make its choice, why hasn't this stock closed?

I'm getting technical but would like some clarification: Does 5 million units sold mean the total amount only during the year 2008? Or does it mean total from when the company first began selling EEEs? The payout clause is ambiguous in this respect. Also, the payout clause doesn't even state that it's the year 2008 so technically, it could be referring to any year and since all payouts will be interpreted literally...

Considering that this prop went live prior to the change in literally interpreting the payout, when the "spirit of the prop" was assumed including regarding the text as part of the payout criteria, the proposition implied that "outside southern California" meant somewhere else in the California or the US. I don't think just one person interpreted this prop this way especially if it was traded when it first went live so many months ago. However, now that the literal interpretation of the payout is the criteria, it would most certainly be clear what "outside southern CA" means.