I carefully read the 8k. It says the SEC has the right (but not obligation) to halt trading and/or revoke the shares at anytime. I noticed the ruling was signed and approved on 9/20 with the 8k being filed on 9/22. It's now 9/28 and the thing traded all day again.
The 8K made it sound like the shares were to halt trading immediately. The 9/23 sell-off was therefore quite understandable. But it did not halt yet. A week has already gone by. Will it last two weeks? A month? 6 months?
But I do remember reading all these articles demanding that the old GM stock be canceled immediately because "idiots" kept trading it. Well, here we are, 18 months later, and it still trades everyday under it's Q symbol of mtlqq.
So what's my point? Suppose this thing does play for another 3-6 months? None of us are looking for a 5 yr play here. I feel like I can read this stock pretty well at this point and am still going to watch it for signs of life. All I know is I rode it up from .015 to .03 the last time it was pronounced dead and I have this feeling that, though given a death sentence, this old girl might have another trick up her sleeve yet.
