Logan Flatt

Car Allowance Rebate System: Ford Bounces Back

<"What we call GM actually trades under the name Motor Liquidation Co. and its symbol is MTLQQ.PK.">

Um, no, what we call GM is a privately held company, majority owned by the U.S. government that does not trade in the public markets and therefore has no ticker symbol. See this important SEC Alert from July 14, 2009 make us all aware of this: www.sec.gov/investor/a....

MTLQQ.PK is a shell company still being liquidated in bankruptcy court. All it owns is environmentally contaminated land, old shuttered plants of little economic use, a 9-hole golf course in New Jersey, and over $140 billion in debt and liabilities. Those illustrious assets will be liquidated for cash but will come nowhere close to paying in full the creditors the billions they are due. Since all creditors must be paid 100% in full before MTLQQ shareholders see a penny in recovery, each share of MTLQQ is intrinsically worthless. Why shares of MTLQQ continue to trade above $0.00 is any sane person's wild guess. Insane people, meanwhile, trade the stock.