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Nickelless
Administrator
USA
5580 Posts |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 05/07/2009 : 05:01:21
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| Great - I only own one share of GM (framed on the wall) as part of my collection of most of the DOW 30. Now they want to turn it into 1/100th of a share worth maybe a penny... This sucks. |
“The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” – George Bernard Shaw.
Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony
Passive Income blog |
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Nickelless
Administrator
USA
5580 Posts |
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swusc
Penny Hoarding Member
USA
553 Posts |
Posted - 05/08/2009 : 17:23:31
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Well it is going to get kicked out of the DOW anyway. So...
-SWUSC |
`Everybody is ignorant. Only on different subjects.' Will Rogers
"This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the "hidden" confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard." Alan Greenspan, 1966. |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 05/09/2009 : 02:34:09
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| Certificates for scandal stocks, spectacular failures, and other odd things sometimes become valuable... Just happy I don't own a lot of GM shares. |
“The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” – George Bernard Shaw.
Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony
Passive Income blog |
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El Dee
Penny Hoarding Member
USA
547 Posts |
 Posted - 05/11/2009 : 19:00:37
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quote:
Originally posted by Nickelless
I thought GM stood for "Government Money." So if that's the case, with the speed at which the Fed is printing money, you could have a ton of GM stock in no time!
Naa - workers there used to call it "Generous Motors."
As a former owner of several of their products, I know that it actually means "General Maintenance."
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Nickelless
Administrator
USA
5580 Posts |
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AGgressive Metal
Administrator
USA
1937 Posts |
Posted - 05/12/2009 : 19:33:03
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quote:
Originally posted by jadedragon
Great - I only own one share of GM (framed on the wall) as part of my collection of most of the DOW 30. Now they want to turn it into 1/100th of a share worth maybe a penny... This sucks.
Hey Jadedragon, how do you get the actual certificate? I have some stocks, but it is 100% online broker account. I've always wanted to do what you have with a few of my favorites. |
And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world.
-Caxton's edition of Aesop's Fables, 1484 |
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El Dee
Penny Hoarding Member
USA
547 Posts |
Posted - 05/13/2009 : 15:39:29
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quote:
Originally posted by AGgressive Metal
quote:
Originally posted by jadedragon
Great - I only own one share of GM (framed on the wall) as part of my collection of most of the DOW 30. Now they want to turn it into 1/100th of a share worth maybe a penny... This sucks.
Hey Jadedragon, how do you get the actual certificate? I have some stocks, but it is 100% online broker account. I've always wanted to do what you have with a few of my favorites.
Talk to a live human being at your broker, and see if they can set you up. Some publicly traded companies have eliminated paper certificates though - it's a growing trend.
There is a site called Oneshare.com where you can buy single share certificates.
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Trust the government? Ask an Indian. |
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AGgressive Metal
Administrator
USA
1937 Posts |
Posted - 05/13/2009 : 19:27:50
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| Thanks El Dee! |
And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world.
-Caxton's edition of Aesop's Fables, 1484 |
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"Reverse split" reflects GM woes
Forum Locked
