I did a Google search that turned up a bunch of stuff. Here's an excerpt from an article I found that explains things....
"Motors Liquidation, representing an ownership interest in the "old" shell of GM, remains in bankruptcy and will liquidate GM assets such as shuttered plants while also assuming liability claims.
The new GM - renamed General Motors Co - emerged from bankruptcy protection by completing a sale of its best assets such as Chevrolet and Cadillac to a company funded by the U.S. Treasury.
The new GM, which has no publicly traded securities, has said that none of the publicly owned stocks and bonds issued by the former company will become securities for the new company.
It is highly unlikely Motors Liquidation shareholders will receive anything because for them to be paid, all of the other unsecured creditors would have to be paid first, including bondholders who had held $27 billion in GM debt.
On July 10, U.S. securities regulators halted trading in the shares of old GM, which had been using the GMGMQ trading symbol on pink sheets.
The fifth letter, "Q," denotes the company's bankrupt status.
The new ticker symbol -- MTLQQ -- is meant to avoid confusing the "old" GM with the "new" General Motors."
__________________
Quote:
Originally Posted by Ranger Dave (B25)
Our foreign policy is laughable at best. As is the recipient of this years Cracker-Jacks prize for 'peace.'
|
Quote:
Originally Posted by Toms984x4
NOS for teh horse powaz!!!
|
ɹǝʌo ǝɯ dılɟ
|