Motors Liquidation Company (MTLQQ.PK) continues its way towards the bottom of the chart. The stock 
keeps having negative price changes over the last weeks, while its traded volume totals millions.
Apparently, the investors have lost their enthusiasm on MTLQQ and started to sell intensively. While, in the meantime, the new CEO of the company is confident that former General Motors can compete with huge concerns like BMW.
That looks quite strange, based on the fact that MTLQQ is slowly dying and no light can be seen at the end of the tunnel.
At end-August, this year, the company has filed a Joint Chapter 11 Plan and proposed Disclosure Statement with the United States Bankruptcy Court for the Southern District of New York. However, the news did not reflected on the stock much.
Apart from these facts, two day ago, the SEC and FINRA have issued an Investor alert concerning the trading of Motors Liquidation, naming it: “A High Risk Venture”, and reminded the investors that: “holding shares of any company involved in bankruptcy, or buying shares in a bankrupt company in the hope that those shares will surge in value down the road, are highly risky courses of action”. According to the alert, “Motors Liquidation Company is currently winding its way through bankruptcy court—and there is a real possibility that stock holders will receive nothing from these proceedings.”
Based on all the above-mentioned and on the fact that no financial reports have been published by Motors Liquidation Company, investors should be very cautious when making up their minds.
