If I Buy 100 Shares Of Gm Tonight & They File Bankruptcy Monday , What Happens To Them?
February 4th, 2010 Posted in GM
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February 4th, 2010 at 2:22 am
According to latest news reports, present GM stockholders won’t get anything in the bankruptcy proceedings that will start next week.
For a while they had a plan to give 1% of the new GM to present stockholders. But they’ve scrapped that plan. Which means that GM shares will be worthless, if GM stock continues to trade. Although it’s possible that the stock Exchange will suspend trading of GM shares when the market opens on Monday.http://www.bloomberg.com/apps/news?pid=2…
February 4th, 2010 at 2:22 am
I think you should learn the stock basics and how its prices ups and downs in the following website. I personally don’t bet on stock shares. I personally know friends have lost from HK $10k to more 10 millions in the past five years. It is better not to gamble in stock shares as all are nominal values or a piece of paper named as the share holder certificate. If you decide to buy the GM shares, you are ready to face the outcome of either worthless or slightly gain as it described in the investopedia. You should better to pursue a college degree and work your way up instead of risky gambling in the stock markets. It is no good for you, my friend. http://en.wikipedia.org/wiki/Stock_marke…http://www.investopedia.com/university/s…
February 4th, 2010 at 2:22 am
First off, markets are closed so you cannot buy anything. Second, it will depend on the terms of the bankruptcy. In the case of Gm, you will get whatever is left after the union and the bondholders have their meal of them….so basically you still get nothing
February 4th, 2010 at 2:22 am
AIG was be a best stock to invest if you plan to invest for a long term, because AIG is too big to fail and beside AIG no longer need government bailout money. if you invest in AIG are now you returning profit is 10-30 times in 3-5 years.
February 4th, 2010 at 2:22 am
In a bankruptcy, your shares would become useless. I am sure your question is theoretical, right? I mean, who would want to by shares of GM?
February 4th, 2010 at 2:22 am
Buy. right now. as much as possible.
February 4th, 2010 at 2:22 am
worthless.