AIG’s Futile Reverse Split To Nowhere (AIG)

‘American International Group Inc. (NYSE: AIG) is under pressure. This morning is the effective date of a 1 for 20 reverse split. Our closing bell prices were $1.16 yesterday, and that would imply a $23.30 share price this morning. Just one problem. The “20-factor” is not even close as the very early trading indications are down by almost one-third and trading around the $15.00 handles in early trading.’

http://247wallst.com/2009/07/01/aigs-futile-reverse-split-to-nowhere-aig/#more-39569

(AIG) Pre-Market Trading
http://www.nasdaq.com/aspxcontent/ExtendedTradingTrades.aspx?selected=AIG&mkttype=pre&symbol=AIG&symbol=GM

Related Posts:

• A 1 for 20 reverse split took place on AIG shares, effective this morning.
• Geithner’s Fed told AIG to hide “backdoor bailout”
• Another bad PR for Goldman, Greenberg accused $GS behind AIG’s collapse..
• Boy, I wish I had a job like this:
• American International Group Inc. (AIG)’s equity is currently worth zero!!!

Leave a comment