So what-- it can't get exercised because trading is over permanently for this stock, and it's unlikely the bankruptcy court can award even 1 cent for the existing shares. Be glad you didn't put an order in this past Friday morning.
I too placed a limit buy order for many thousands of shares of GMGMQ Friday after the trading halt, but for $.01. If I can get shares at that price I can exercise my puts and not have to worry about further price manipulation or purchases by clueless buyers causing puts to lose value near expiration, in the event GMGMQ stock is not cancelled first.
last smart thing you said 281. SHOULD HIT $2.00 NEXT WEEK... NO HALT BY SEC Usually when it is a pump dump the SEC will step in and halt trading. Even more reasons the q shares will convert with emerge from bk. GET IN NOW FOR SOME NICE GAINS. Business & Finance > Investments > Stocks (A to Z) > Stocks G > General Motors Corporation (GMGMQ.PK) gold_sachs_emp5... 12-Jun-09 02:56 pm
all the other countries are still trading gm shares. and they are gaining 20-30% a day. when this starts trading it will spike big and the shorts will run like cockroaches, just my opinion but lets see what happens