SO I bought these, 1000 at 1.90 a few months ago. Looking to get a high return back on GM shares (Roth IRA so I have 20 years). THe deal seem good and would equate to 5200 shares of GM for my 1000 shares. TO accept the offer do you just wait until the big boys accept it and then TDameritrade converts it when the time comes? BTW, I feel for those wh bought them at $25, GM really FUCKED them over.
Understand the terms. This is a start. Pretty risky stock I'd say. read the comments for some better explanation. http://www.marketwatch.com/news/sto...7-E6EE1CC09C03&dist=SecMostCommented#comments