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GENERAL MOTORS COMPANY Message Board

  • cheblammo cheblammo May 10, 2012 3:38 PM Flag

    No April Distribution Either!

    Just received an e-mail from the trust. The trustee has decided there will be no distribution "as soon as practicable after April 1, 2012".

    This because the trust needs to reserve this stock to pay taxes the trust may owe for appreciation in the value of the stock. This after there was no distribution in January to reserve for costs overruns in administering the trust.

    Forgive me for being skeptical, but it appears these "trustees" may not be all that trustworthy and may be intent on screwing us out of the remainder of our stock through endless fees and litigation expenses.

    Hope I'm wrong.

 
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