25 share of MTLQU appeared on my statement June, I don't know what they are for, no explanation on TDAmeritrade statement, Please can some one tell me? long time ago I owned GMS , for which i received the new GM, GM-A and GM-B stock, those too went down a lot since. Thank you all retired
There is 30,034,667 shares of stock and 27,304,086 wts. still to be distributed. These securities are the basis for these trust units, giving the units a value of $11.39 to $41.26 each depend on the total amount of claims. There is also the term loan claim which is also part of these units.
These units replace the bonds at one per $1000. The main difference is that these units are tradible. You can now get out of your position in old GM if you want. I would hold until after the July distribution if there is one.