0
50 billion for stockholders not bonds
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
Should you Buy GM stock now?
5/30/09 If you want to lose your money, you have a better chance in Vegas. After GM declare bankruptcy the stockholders are the last to be paid, which mostly likely be nothing. Wait until after the bankruptcy.
When did AIG file bankruptcy?
AIG did NOT file bankruptcy. It was bailed out by the Federal government, who now owns 79.9% of the company (just shy of the 80% needed to formally put it on Uncle Sam's books). Past stockholders--or whoever bought shares from them--still own the rest, unlike a true bankruptcy such as GM or Chrysler.
Why is GM stock halted?
General Motors (GMGMQ) was halted by FINRA after it became apparent that investors were trading it thinking that they were investing in the new GM which is emerging from bankruptcy. This is not what the symbol GMGMQ represents. GMGMQ represents most of the bad assets and debt that were responsible for General Motors filing for bankruptcy in the first place. What's worse is that they have now stripped out most of the good assets. GMGMQ now represents Motor Liquidation Company and GM has stated that "It is our strong belief that there will be no value for the common stockholders in the bankruptcy liquidation process, even under the most optimistic of scenarios" If you would like to invest in the new GM, you will have to wait until it IPO's most likely late 2010.
What happens to GM dealers if GM goes bankrupt?
If GM declares bankruptcy and stops making the vehicles sold by a GM dealer, then that dealer will have to find something else to sell or go out of business. Some forms of bankruptcy do not require that the company stop operating, but merely require that they operate under the supervision of a court while they sell off assets and reorganize to better pay off their debts. In that kind of a GM bankruptcy, many GM dealers may continue to have product to sell.
Can you buy GM common stock?
Yes and no. You cannot but stock in the "New GM" (the company that just came out of bankruptcy), but you can buy stock in the company that was GM (but why would you want to?).
Should you sell GM stock prior ot bankruptcy filing?
Yes
What will happen to your stock if gm files bankruptcy?
your stock will go to 30 dollars!
What is the ticker symbol for Chevrolet?
== == Chevrolet is a division of General Motors (ticker symbol: old General Motors MTLQQ, New General Motors is Private) and does not trade independently. 7/1/09 "GM management has noticed the continuing high trading volume in GM's common stock at prices in excess of $1. GM management continues to remind investors of its strong belief that there will be no value for the common stockholders in the bankruptcy liquidation process, even under the most optimistic of scenarios. Stockholders of a company in chapter 11 generally receive value only if all claims of the company's secured and unsecured creditors are fully satisfied. In this case, GM management strongly believes all such claims will not be fully satisfied, leading to its conclusion that GM common stock will have no value. "
How much has GM stock changed in the past year?
"After coming out of bankruptcy, GM stock opened in November 2010 at 34.19 per share. The current value of the stock is 23.79. The value has dropped 10.4 in the course of nine months."
What car company will run out of money by the of the year 2009?
GM just declared bankruptcy.
What happens to your GM stock after they file for bankrupsy?
Stock almost always becomes entirely worthless in bankruptcy. That said, the auto Cos are clearly a special situation...and while the stock becoming worthless is still almost certain...it is possible some small equity position will be held for existing stockholders. But any value will be very small.
What was the ticker symbol for General motors corporation before it filed bankruptcy under chapter 11?
GM
