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whats the difference between stock "GMGMQ" and "GM"?
- Thread starter David R
- Start date
S
speedgeek
Guest
Same stock trading on the pinksheets instead of NYSE. Q means it is in bankruptcy.
It is nothing but a gamble at this point. The one BIG question is whether or not the existing shares will be cancelled. If they do this, your shares will be worthless. If they don't, you might do well in a few years.
It is nothing but a gamble at this point. The one BIG question is whether or not the existing shares will be cancelled. If they do this, your shares will be worthless. If they don't, you might do well in a few years.
GMGMQ or the original GM shares are the bankrupt company. It only has any value if the shareholders file and win a lawsuit (highly unlikely). When it emerges from bankruptcy, the new company will likely be privately owned with the US and Canadian governments owning about 72%, original bond holders holding 10%, and the UAW holding the remaining.
If in a few years, the company becomes profitable, new shares will likely be floated on the market.
The GMGMQ shares will be worthless since it doesn't own the reorganized company.
If in a few years, the company becomes profitable, new shares will likely be floated on the market.
The GMGMQ shares will be worthless since it doesn't own the reorganized company.
pinky dont do it trade suttin else buddy i know your cheap and you think you might be smart but your not...sry bud .....Gm is dead son,stuff some more cash in your account instead of investing 20 dollars at a time and buy aerospace stocks hmmm let me think Boeing and airbus i think are fighting for some huge contracts??? hmmm lets do some homeswork bud sry its late and thats a dumb question..........................
muncie birder
New member
It is the exact same stock. The symbol was changed after it filed for bankruptcy an and was delisted from the NYSE. Trades on the pink sheet now.
They are the same company. "Q" at the end of a ticker symbol means the company is filing bankruptcy. It's "GMGM" because the stock has been delisted from the NYSE.
Buying the stock now could make some money for you in the long run, but it's hugely risky (largely due to the nature of bankruptcy). Avoid that stuff like the plague.
Buying the stock now could make some money for you in the long run, but it's hugely risky (largely due to the nature of bankruptcy). Avoid that stuff like the plague.