Posted by MarkB_MI on June 06, 2014 at 01:50:19 from (70.210.66.84):
In Reply to: Re: OT---GM recalls! posted by Robert in Md. on June 05, 2014 at 19:07:52:
>Is it true what I heard , that the GM stockholders lost their stock , when the goverment took over GM a few year ago.
No GM stockholders "lost" their stock. Rather, it became worthless when GM declared bankruptcy. The stock would have become worthless regardless of whether or not there had been a government bailout, because in a bankruptcy stockholders get paid last (which is to say they don't paid at all).
Interesting, "Old GM" stock continued to trade for a few cents a share after the company had declared bankruptcy and its stock had been de-listed from the NYSE. I was curious to see if it was still being traded; according to the article below, OTC trading of Old GM ceased March 31, 2011.
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Today's Featured Article - Harvestin Hay: The Early Years (Part 2) - by Pat Browning. The summer of 1950 was the start of a new era in farming for our family. I was thirteen, and Kathy (my oldest sister) was seven. At this age, I believed tractor farming was the only way, hot stuff -- and given a chance I probably would have used the tractor, Dad's first, a 1936 Model "A" John Deere, to go bring in the cows! And I think Dad was ready for some automation too. And so it was that we acquired a good, used J. I. Case, wire tie hay baler. In addition to a person to drive th
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