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No one knows yet if old GM shares will be totally worthless or not. The final proposal has not yet been approved. Until it is, hold on to yours. One proposal is that they may be exchanged for warrants. A warrant is the right to purchase a share of stock for a certain price before a certain date. Warrants may or may not have value and warrants expire. Warrants can be traded. If that proposal goes through, old GM shares may be exchanged for warrants. So far the final decision has not yet been made.
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∙ 14y ago
Wiki User
∙ 15y agoI hope to god. Those are terrible vehicles, switch to Ford at least their head isn't three feet up their ass.
Wiki User
∙ 15y agoNothing other than you lose the money you invested...if you invested 10K, you lose 10K....chances are the restructuring may save them.
Wiki User
∙ 14y agoCertainly, this and Chyrs are unusual BKs...but in virtually all C-11 bankruptcies that is virtualy inevitable.
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If you buy gm now and they go bankrupt you lose your money?
That's generally what happens when you make a bad investment. Stock is equity...ownership....not debt or a loan to the Company.
What happens to your ford and gm shares if they bankrupt?
Ford is in little fear of going BK anyway..... The stock of ANY company that goes BK is almost always worthless...(or very close to it). Generally, any stock in the restructured Co is owned by the creditors that lost money on the originall one...part of their payment for not getting paid fully being they get the stock. Makes no fair sense the stockholders should get to not pay the debts and alos keep ownership.
What happens to your GM stocks if GM filed for bancruptcy?
Your common stock becomes worthless. The value of your shares is zero dollars.
How many jobs will be lost if GM goes bankrupt?
i dont think any one will know i dont think any one will know
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.
If gm goes bankrupt what will pbg pay on a retirees pension?
For 2009 benefits are limited to those 65 years of age or older and about $54,000 annually in benefits.
How many times has gm gone bankrupt?
One time.
What was the stock price of GM stock in November 1966?
What was the stock price of GM stock in November 1966?Read more:What_was_the_stock_price_of_GM_stock_in_November_1966
How much stock does gm own?
GM does not own any stock in Toyota.
GM Stock price in 1984?
GM stock price in 1984 was- $73.9375 a share.
How much Toyota stock does GM own?
GM does not own any stock in Toyota.
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?).
