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Cash reserves are factored into the stock price. Had there been no cash stockpile, GM stock price would've been lower, resulting in a higher loss if the US Govt. had decided to sell at that lower stock price.
Question is if the US Govt. is limiting its losses here by selling out. Perhaps GM stock has peaked. May be the burn-rate is about to increase eating into its cash stockpile. Who knows!
posted by 173.13.113...
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