I think GM has already emerged from bankruptcy. It is now two companies, Motors Liquidation Company (formerly GMGMQ, and now MTLQQ, "Q" supposedly represents the company is in bankruptcy proceedings) and G.M. MTLQQ stock will eventually be worthless. Last Friday it was trading at $1.15, and SEC stopped the trading in the afternoon. The new GM is presently a privately held company and will not be publicly traded till sometime next year.
Thank god I waited. I thought it was a little weird when on Monday, the stock prices were still the same as Friday's.
No comments:
Post a Comment