Replies to post #3091 on Motors Liquidation Company (fka MTLQQ)

[uhlmant]

Seriously. You think I am making it up. Common shareholders GET NOTHING

http://www.bloomberg.com/apps/news?pid=20601087&sid=azwLDwPkZ4ck&refer=home

"http://www.bloomberg.com/apps/news?pid=20601087&sid=azwLDwPkZ4ck&refer=home"

GM Shares Fall Below $1 as Deadline Approaches
http://www.cnbc.com/id/30999478

Bondholders get 10%

"All told, the U.S. government would own 72.5 percent stake in the restructured automaker after it emerges from bankruptcy protection. A United Auto Workers trust that will take over retiree health care expenses will get 17.5 percent, and the old GM, effectively owned by the bondholders, would get the rest. The plan made no mention of the fate of existing shareholders. "

Rest = 100% - 10% - 72.5% - 17.5% = 0.00%