Who bought the GM shares?

Willy wrote:

It all depends on what type of reorganization takes place AND what type
of bankruptcy is filed.

If GM files Chapter 7 (not likely) the shares will be worth $0.00

If they file Chapter 11 (VERY Likely) it will depend on the
reorganization plan.

The stock could be worthless.
They could offer to trade the old stock for new stock at reduced levels.
They could even do a direct swap for new shares.
The old shares could be devalued but still traded as assets of the company.

With the Feds stepping in it will be interesting.

--
Steve W.

below $1; it costs less than a lottery ticket and might pay off
afterall

Willy wrote:

The Cracker Jacks folks bought the GM toilet paper as prizes.  Mikey
might have purchased two or three shares.

--
Civis Romanus Sum