NEWS ALERT
Investor Warning:
Don't buy that GM stock for $1.15 a share!
 
Why not? Because it is NOT General Motors stock any longer. The company, which once traded on the New York Stock Exchange for over 80 years under the stock symbol "GM," is dead and buried by the bankruptcy court from which it emerged today, Friday, July 10, 2009. The old, used-to be General Motors stock which is trading on the Over The Counter (OTC) market no longer has anything to do with the new company and never will. And that's an official declaration of the court.

What still continues to trade today is a ghost which goes by the stock symbol GMGMQ on the penny stock list at the OTC called "the pink sheet". But as of today, that GMGMQ stock officially has no connection of any kind with the "new" General Motors Company.