Bloodstar

When your own internal audit says you’re nearly dead. you know there’s not much hope:

General Motors Corp. shares fell as much as 17% in early trading Thursday, retreating as the automaker and its auditor stoked more doubts that the company can keep its assembly lines running amid a historic dearth of new-car buyers.
Chart of GM
The shares moved down 31 cents to stand lately at $1.89

Just for some perspective

Deloitte & Touche made a similar analysis, concluding that GM’s “recurring losses from operations, stockholders’ deficit and inability to generate sufficient cash flow to meet its obligations and sustain its operations raise substantial doubt about its ability to continue as a going concern.”
The stock market shares those fears: GM’s shares have dropped 90% over the last 12 months.

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