[CommieCutter]

Wait for it to go to 25 cents

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Seriously?

Because a 500 dollar investment would result in a decent quick return if the stock ever hit 2.00.

I’m not a pro at this so I don’t know.

I would say the company has two options; stock goes back up or they close for good.

[1rudeboy]

Option 3: your GM stock becomes worthless and the company recovers to issue new stock to others.

[nuconvert]

I’m not a pro either. lol
I just think it’s going lower ...
But what do I know?

[blau993]

Equity usually gets wiped out in a bankruptcy reorganization, so your proposed $500 investment is pretty dicey.

[M203M4]

GM may not fold, but that does not mean that investors and other private interests will get any return on investment or debt issued - it will just mean that enough tax dollars (stealthily or otherwise) have been shoveled into the burning pit for GM union employees to retain their salaries+benefits and for garbage fedgov-mandated two-seater coffins with the reliability of a 1983 Fiat to continue to tumble pathetically off the assembly lines.

When the movie GM: Fail Hard II hits screens, the government will probably tell stockholders to ESAD, or at best give them 10 cents on the dollar.

Would you go to a casino that retained the ability to change rules mid-game? If not, don't invest in companies that the federal government is currently leading around on a choke collar.