GM's stock symbol is still live

Posted by: David Welch on June 4, 2009

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 2:20 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?

JOHN VILLA

January 8, 2010 9:01 AM

WHEN GM COMES BACK TO THE STOCK MARKET WILL IT TRADE UNDER MTLQQ ? iT IS TRADING AT .73 WHY NOT BUY NOW

Claire Atkinson

March 16, 2010 10:44 AM

what was the answer to John Villa's question regarding the MTLQQ?
Also when GM stock does hit the market again as a tax payer do we get a chot at buying in first or will we have to wait for the cherry pickers?

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Want the straight scoop on the auto industry? Our man in Detroit David Welch, brings keen observations and provocative perspective on the auto business.

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