The 25$ appears to be to re-fi debt in 2010 and meet projected cash burn rate

Re: Better Heads Than Mine (Which Is Most of You), Speak! -- CPMariner
Posted by chupajuevos , Wed, Nov 19, 2008, 06:34:06 Post ReplyTop of ThreadReviews by chupajuevosFirst Amendment Message BoardMain BigDoggie.net site
Wagoner also blames management.

`Dumbest People' Industry Image May Cost Wagoner Job (Update1)

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ap8pS2oslvn0" rel="nofollow">http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ap8pS2oslvn0

"Lehman Brothers Holdings Inc. analyst Brian A. Johnson wrote May 14 that GM will need to refinance almost $8.7 billion in debt due by January 2010, as well as absorb additional cash burn of close to $11 billion by then."

I think they should take the money and short their own stock.
Related link: http://www.bloomberg.com/apps/news?pid=newsarchive&sid=adtJayj3oCwA

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