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    IhaveaQ.'s Avatar
    IhaveaQ. Posts: 1, Reputation: 1
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    #1

    Aug 22, 2010, 02:02 PM
    Old GM stock
    Is GM Stock still good when new Stock is issued?
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #2

    Aug 23, 2010, 06:53 AM

    No - the IPO will involves issuing all new stock shares. The old stock became essentially worthless when the company declared bankrutcy.
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