A quick question. If GM does file this coming week. At what point is the common holder wiped out? The moment of filing? More importantly when is it safe to get in, right after they file?
Good question. We'll need to see the filing and the terms of what will happen. From what I have seen with others the last remaining shareholders are liquidated to pay off creditors or used for whatever.
I thin k as soon as you can get the new issued stock it would be a good long term hold. If you find out Boo can you let me know. Thanks, Jeff