FINRA halted GMGMQ shares on Friday July 10th due to investor misconception regarding which company the shares represent. Motors Liquidation Co. is what GMGMQ shares comprise. The "new" GM company shares are not issued yet and will not do their IPO until 2010 sometime.
stopped or to stopped
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.
The past tense of "halt" is "halted."
The German offensive was halted at the Marne River.
Exports to France were haulted. France exports were halted.
The vehicles halted at the level-crossing, waiting for the express train to come through.
The spy halted as commanded and spun upon his heel to face his general.
Pen island
H A L T E D HALTED.......................................................................... ................................................................................................................................................ ....................................................................................................................................... ............. ........................................................ Halted duhhhh are you stupid
the treaty of paris
Marne
ceased halted