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.