GM hopes soon to repay government loan, sees chance of profit

Kansas City Star ^ | 07 April 2010 | Dee-Ann Durbin

[Straight Vermonter]

The company in now actually called Motors Liquidation Company and the stock symbol is now MTLQQ. The price you quoted was the Dec 31 price.

Here is the five year chart. Yikes.

[Cicero]

Motors Liquidation Company.

Hmm. Maybe we should stop calling it Government Motors.

Will they be putting an MLC logo on their cars and trucks?

[Cicero]

See #21. They DID have a chart. Now it’s called Motors Liquidation Company. I guess they didn’t want to mention that technicality in the article.

[2 Kool 2 Be 4-Gotten]

Let's cut to Wayne Campbell for his up to the minute comments.

"Okay - and monkeys will fly out of my butt!"

[eraser2005]

Since no one else responded:

You CANNOT buy stock in GM. What you’re looking at that had a trade at $.75 is extremely dated data. When the old GM went bankrupt they transferred their assets to the new GM, and renamed the old company “Motors Liquidation” which now trades as MTLQQ.PK . The $.75 trade was likely the last trade executed before the creation of the new GM and transfer of the assets.

The new GM is NOT publicly traded. You cannot buy stock in it, nor has its stock ever been available for purchase. It is also not listed on the stock exchange.

Motors Liquidation, MTLQQ.PK, is available for purchase, but you’re just buying the bankrupt shell of the old GM. The “CEO” of Motors Liquidation will be the first to tell you NOT to buy that stock, as there is no value for shareholders and all the company is doing is liquidating the remnants of the old GM that the new GM didn’t want.

[eraser2005]

Why stop?

GM is not the same thing as “Motors Liquidation”. Motors Liquidation is the old GM. That’s a separate company from the new GM, which is what is now losing money....