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Jimellow remember that holders of common shares are absolutely last in line
when it comes to claims on the remains of a bankrupt company.
In GM's case you have legions of bondholders, preferred shareholders etc,
to get paid off before any leftover scraps go to common shareholders.
My bet is they do a BK, much of the debt becomes equity leading to massive dilution of
the common, and then something like a 1:100 reverse split which would effectively render
existing shares worthless.
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