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GM's stock symbol is still live
Posted by: David Welch on June 04
Want a sign that the world is turned on its head? Go to our ‘companies’ page and type in General Motors Corp’s ticker symbol GM. You won’t get General Motors, since the company is in bankruptcy and was delisted form the New York Stock Exchange. You’ll get Canada’s Geo Minerals Ltd. I called investor relations and the mining and exploration company is not in bankruptcy and trades on the Toronto Stock Exchange. But GEO, which mines copper, nickel, silver and coal, among other things, did lose money and burn cash in its most recent quarter.
Reader Comments
Ed Green
June 11, 2009 02:20 PM
Is General Motors stock still trading or can investors get in on the "NEW" general motors stock? I'm confused. I don't want to invest in GM and then the stock be worthless because the bankruptcy wasn't finished. Please advise.
David Welch here to answer this one. Stock in General Motors will not be available until it is made public again, which will be six to 18 months after the bankruptcy is complete.
Steve Gaubatz
July 11, 2009 12:53 PM
What happened to our stock that was in GMGMQ ? will we still be able to get our money back?
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Want the straight scoop on the auto industry? Detroit bureau chief David Welch and auto beat veterans David Kiley, Dexter Roberts and Ian Rowley bring daily scoop, keen observations and provocative perspective on the auto business from around the globe. Read their take on such weighty issues as Detroit’s attempt at a comeback, Toyota’s quest for dominance and the search for an efficient car.
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