Corey Ribotsky: GM Bailout Not Just a PIPE Dream, But the Real Thing October 22, 2009
Posted by coreyribotsky in Corey Ribotsky, Financial, General Motors, NIR Group, PIPE Transaction.Tags: Corey Ribotsky, NIR Group
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In response to being asked his opinion on the recent bailout plan of General Motors Corporation by the U.S. government, Corey Ribotsky of the NIR Group hedge fund firm offered the assessment that the bailout is actually
“a PIPE transaction funded by the largest, most accredited investor in the world, the United States of America.”
This view was published in June, 2009 on the internet business news magazine Reuters Hedgeworld, entitled “A Duck is Still a Duck-GM and the Greatest PIPE Deal of Our Time.”
In this opinion piece Ribotsky lays out his theory by first explaining what a PIPE transaction is, and then comparing the bailout plan’s particular requirements and features to convincingly show readers the striking similarity between the financing strategies.
