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you file for bankruptcy you stock gets pulled, i think there's a 18 month wait before you can relist it again after a company emerges from bankruptcy. paulie or toro could tell you for sure. obtw the judge in the chrysler case has ok'd the sell to fiat.
Bankruptcy is all but certain and the shareholders are going to be wiped out and GM is up 10 cents or 7% right now. Who the hell is buying this crap?? Buy Ford, they don't need one dime of our money and their cars have received extremely positive reviews lately. For the life of me, I think there are more "boiler room" scammers out there who are in this to make a quick buck and then completely devalue a stock when the time is right than there are honest traders.