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Non-Tech : GM - General Motors
GM 68.22-1.3%Nov 3 9:30 AM EST
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To: Stock Puppy who wrote (480)12/30/2009 5:22:10 AM
From: Arthur Tang   of 543
 
Stockholder is stuck with tax loss per share. Does not have anything to do with stock price of today. Stockholders on record before the bankruptcy has the tax loss. But they can sell them cheap, after bankruptcy is over.

Motor liquidation asset is known only by US government purchase agreement and prefiling of bankruptcy papers that can define the value. It needs a law suit to define what the stock is worth. But the government did not buy the profits of subsidiaries on record before bankruptcy which belongs to stockholders. And not all subsidiaries were in the bankruptcy filings, which means some assets of subsidiary still owned by stockholders of old GM.
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