No. of Recommendations: 1
I rode the old GM shares all the way down and I assumed it was a total loss. Is that correct? Yup, you're right.

Nada ... zero .... zilch .... zip ....

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, management strongly believes all such claims will not be fully satisfied, leading to its conclusion that the common stock will have no value.


They're at about $.18 but why are they worth anything at all?

'Cos there are people out there who do not read the writing on the wall.

Just as there are people who think that a health care market where many people without a job cannot buy their own insurance because of some minor pre-existing condition is a market offering 'freedom of choice'.

Just as ....
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