What about the GM stock?

M

Metal

New member
My question is what do I need to do with the MTLQQ now, hold or sell. It is only worth a couple hundred dollars. Will it go completly dead or maybe come back? Should I hold it?
I have been holding GM stock for some time now and my broker never did advise me to sell before they went belly up. I have 495 shares of MOTORS LIQUIDATION CO that is call symbol MTLQQ
I just liquidate some mutual funds today that had been holding for a long time and bought GT. I am taking maters in my own hands now since I can't count on my broker.
 
MTLQQ is NOT General Motors Company's stock (they haven't issued shares yet). As the "Liquidation" word in the company's name says, they will liquidate themselves (go out of business so they will never "come back") as soon as they sell all their assets (which is the junk GM does not want). Everyone involved keeps saying there will not be enough money left to pay off all the bond holders, and stockholders will be left with worthless stock. So SELL now.
 
MTLQQ is NOT General Motors Company's stock (they haven't issued shares yet). As the "Liquidation" word in the company's name says, they will liquidate themselves (go out of business so they will never "come back") as soon as they sell all their assets (which is the junk GM does not want). Everyone involved keeps saying there will not be enough money left to pay off all the bond holders, and stockholders will be left with worthless stock. So SELL now.
 
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