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Re: pocketfullofpennies post# 4015

Monday, 06/01/2009 6:47:21 PM

Monday, June 01, 2009 6:47:21 PM

Post# of 7196
"""As of Tuesday, trading in GM’s shares will move to the electronic "pink sheets" market, at pinksheets.com. The new ticker symbol: GMGMQ."""

PS:

"""GM has said unequivocally that the stock will be worthless after the government, the United Auto Workers and the company’s bondholders take their pieces of the restructured company. But we’ve seen this movie before: Traders often will play with a worthless stock for as long as they’re able.

They won’t be able to on the New York Stock Exchange after today, though. The NYSE announced it will delist the stock after today’s session."""

http://latimesblogs.latimes.com/money_co/2009/06/traders-are-still-having-fun-with-general-motors-corp-shares-today-the-stock-plunged-as-low-as-27-cents-this-morning-after.html

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