Last trade .75. Don’t companies get kicked to OTC when they turn penny stocks?
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.