Motors Liquidation Company (fka MTLQQ)

[marayatano]

Since we all know that old GM shareholder got the shaft, GM bondholders will be receiving 10% of the NEW GM in the form of equity. See link to pleaading that shows the beakdown between the government (US and Canada), UAW Union and OLD GM bondholders. PDF page 12 (bottom) and 13 (top).

http://gmcourtdocs.gardencitygroup.com/pdflib/1969_50026.pdf

There are several GM Bonds to choose from, I prefer the senior ones. I did buy the mini bonds, ticker was XGM, but they were redeemed (no longer trading) and I am awaiting my new GM shares of the new GM.

Another way I found out to get the GM bonds even cheaper (found out later, I wish I found it out before buying the GM Mini bonds) is buying CCYPQ.

CCYPQ is a trust that holds senior GM Bonds. The exact senior bond it is holding of GM is GMGM.GF CUSIP No. 370442AV7. It closed at $11.00 or .11 cents on the dollars.

CCYPQ closed at $1.60. Each share of CCYPQ has a par value of $25. If the GM bond closed at .11 cents on the dollar, then CCYPQ sould be at about .11 cents on the dollar which CCYPQ should be trading at approx. $2.75. (.11 cents times $25 par value = $2.75).

So with the bonds, you get 10% of the NEW GM and 15% warrants before the IPO. There is no need to chase the PPS if the IPO shoots up (plus you get warrants, something the IPO does not offer).