"GMX Senior Lenders Offer $338M In Stalking Horse Bid" ($GMXR)
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2 comments:
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?????
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.
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