News Corporate US & The Americas Law firms Davis Polk, Jenner & Block advise on General Motors IPO By Margaret Taylor 20 August 2010 12:55 17 December 2015 16:02 Sign in or register to continue reading. It's FREE Sign in Email Password Keep me logged in Forgot your password? Not registered? It's FREE! Register now Register with The Lawyer Mary L. Garrison 20 August 2010 at 14:19 I would like to know what GM plans to do about former stock holders whose stock holdings are now worth zilch due to their bankruptcy. The big talk now is opening up so the public can purchase stocks in the new revised GM., but what about us who are holding stocks that are now worthless. Is GM going to make any effort to repay us before opening up to new investors? Reply Link Cecil Heidtbrink 20 August 2010 at 15:03 What happens to MTLQQ? Reply Link Anonymous 24 August 2010 at 09:31 Mary, you had equity in a firm that was insolvent. Under normal circumstances it would have gone under. You lose everything. That’s the point of equity. Reply Link Name Email Cancel reply Threaded commenting powered by interconnect/it code.