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How will GM's Plan (now in court) affect GMGMQ ?

|Includes:General Motors Company (GM)

I read an AP article today (6/30/09) about GM's plan to emerge from Chapter 11

the article stated that existing shareholders are expected to be wiped out

I am a novice who has GMGMQ shares.

will GMGMQ be wiped out ?

I thought GMGMQ was the post bankruptcy shares ?

 

sorry for sounding alittle stupid...just imagine how i feel !

please advise

 

Stocks: GM