....or soon there after!....This will not turn out to be a bad thing as they can then shed dealerships,car brands with out having to take notice of binding contracts....They are calling on bond holders to convert their holdings into shares this morning as a last ditch effort to avoid going under,but it is rumoured are meeting with strong resistance from large and small investors and have gained concessions from unions,but union members still have to vote on it.All too late i'm afraid....A sure sign is that they are making payments that don't have to to their supplier ahead of time as these firms would o bankrupt if they are under chapter 11 as they then wont get payed....AN INVIGORATED NEW BUSINESS IS LIKELY TO EMERGE from chapter 11....On the positive side Obama is getting very strict with pollution legeslation....the effect on PLATINUM IF ANY should therefore be temporary nature. THE PLATINUM PRICE IS STILL MOVING UP.Really only my opinion!
