July 15, 2009 - Shares of General Motors Corporation (GMGMQ.PK) are still halted today leaving many traders and investors very stressed as their funds are frozen in GM stock.
There has been no word out of FINRA on when or if shares of GMGMQ will reopen and resume trading as Motors Liquidation Company.
The New General Motors Corp is expected to come out with an IPO mid 2010. GM warned investors for the past month that GMGMQ will likely get wiped out with the bankruptcy.
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General Motors Company (the "new GM") currently has no publicly traded securities. Please note that none of the publicly owned stocks or bonds issued by the former General Motors Corporation (now renamed "Motors Liquidation Company"), including its common stock formerly traded on the New York Stock Exchange under the ticker symbol "GM", are or will become securities of General Motors Company, which is an independent separate company.
http://www.gm.com/corporate/investor_information/
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