Tuesday, May 28, 2013

"GMX Senior Lenders Offer $338M In Stalking Horse Bid" ($GMXR)

"Bankrupt oil and gas producer GMX Resources Inc. on Thursday unveiled a new $338 million stalking horse bid for substantially all of its assets to a group of senior lenders"


whydibuy said...

I've been watching another crazy situation with Resaca Explotation.

Here a fund names Eagle Eye bought 2 million shares in April at around 4+ and now Resaca announces that they've sold all their assets for 72 Mil and are winding down the company leaving only .11 per share distribution for holders.
Yet the stock is still 3.00 share?????

Anonymous said...

If you are referring to the 2.90 price that is pence not pounds so it may be a buy if there was any volume.