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Ah...yes....the ticker
GMGMQ.PK
GM has been delisted loh.......it is known that common stock holder (I think you are, unless otherwise) will get nothing leh.....absolutely nothing....
US Government get 60%, Bondholder 12%, Union 17% of the new company.....something like that.....
Call your night desk immediately.....GM is now trading under pink slip OTC (Over-The-Counter) @72UScts....I think ....pls check yourself....
Take care.
tfk333 ( Date: 06-Jul-2009 21:58) Posted:
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Hi Guys,
Need advice here. I am still holding on to GM stocks at 1.6USD. Just saw the news about the bankruptcy plans approval soon. Do you think I should just sell whatever I have left or wait for any little upside to this stock? Best Regards.