Replies to post #7003 on Motors Liquidation Company (fka MTLQQ)

[puppydotcom]

According to the law, they must pay the shareholder first. Even before they pay labor.

what law is that?

common share holders are always last in line involving bankruptcy

and this is a liquidation BK .. when the BK funding runs out the BK will be discharged by the courts ..

the end!

[marayatano]

LOL, labor/wages always come ahead of shareholders. Shareholders get to keep their "old" GM certifications as wallpaper, or as others have said, toilet paper.

LMAO

imo

[puppydotcom]

labor ( the unions ) became part owners of the company through the bk agreement and were issued stock in the new PRIVATE company

the US Government
The Unions
and the bond holders all got a piece of the NEW GM

all the toxic assets and debt .... went into the MTLQQ BK .. which is now selling off the assets of MTLQQ for whatever the best bid is ..

what are you going on about? .

[MorningLightMountain]

shareholders are last in line for a B/K distribution of assets......nothing left, nothing for shareholders, THAT is "the law"....

geesh...