What about all the fools that bought the old GM stock last week?

[uscitizen]

GM said it was emergeing from bankruptcy and the idjits bought GM stock which is the stock that is in the old parts of GM which is still under bankruptcy.
They will likely get nothing, zero, zilch, nada.

 

[Topspin]

I'm guessing every one of them has more than a GED

 

[Damocles]

GM said it was emergeing from bankruptcy and the idjits bought GM stock which is the stock that is in the old parts of GM which is still under bankruptcy.
They will likely get nothing, zero, zilch, nada.

Such purchases are always extremely risky. It's their buy, it's their loss. It isn't like it was an option to purchase in your 401K.