Allstocks.com's Bulletin Board Post New Topic  New Poll  Post A Reply
my profile login | register | search | faq | forum home

  next oldest topic   next newest topic
» Allstocks.com's Bulletin Board » General Investing Topics » GM stock

 - UBBFriend: Email this page to someone!    
Author Topic: GM stock
jgrecoconstr
Member


Icon 1 posted      Profile for jgrecoconstr     Send New Private Message       Edit/Delete Post   Reply With Quote 
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?
Posts: 490 | From: new york | Registered: Jul 2005  |  IP: Logged | Report this post to a Moderator
BooDog
Member


Icon 1 posted      Profile for BooDog     Send New Private Message       Edit/Delete Post   Reply With Quote 
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.

--------------------
All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

Posts: 7754 | From: Virginia | Registered: May 2006  |  IP: Logged | Report this post to a Moderator
jgrecoconstr
Member


Icon 1 posted      Profile for jgrecoconstr     Send New Private Message       Edit/Delete Post   Reply With Quote 
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
Posts: 490 | From: new york | Registered: Jul 2005  |  IP: Logged | Report this post to a Moderator
   

Quick Reply
Message:

HTML is not enabled.
UBB Code™ is enabled.

Instant Graemlins
   


Post New Topic  New Poll  Post A Reply Close Topic   Feature Topic   Move Topic   Delete Topic next oldest topic   next newest topic
 - Printer-friendly view of this topic
Hop To:


Contact Us | Allstocks.com Message Board Home

© 1997 - 2013 Allstocks.com. All rights reserved.

Powered by Infopop Corporation
UBB.classic™ 6.7.2

Share