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GM Common Shares: Even GM Says They’re Likely Worthless

July 2, 2009
MarketBeat Blog
GM Common Shares: Even GM Says They’re Likely Worthless After being dropped from the Dow Jones Industrial Average, yanked from the S&P 500-stock index and delisted from the NYSE after General Motors filed for bankruptcy protections, it’s hard to imagine what other dissing shares of the troubled auto icon could undergo.

Well, yesterday there was another, as the company’s own management came out and essentially said, “For the love of God, these shares are worthless!”

Along with others, we previously spotlighted the counterintuitive trading of... RSS Share it

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