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Bankruptcy Plan Effective/Shares Cancelled
Summary
Date/Time Event Type Eff/Ex Date/Time Symbol Issue Name Market
12/31/2020 17:30:25 Bankruptcy Plan Effective/Shares Cancelled 12/31/2020 17:30:00 AREXQ APPROACH RES INC Common Stock Other OTC
Details
Previous Value Current Value
Symbol AREXQ
Issue Name APPROACH RES INC Common Stock
Class
Financial Status Indicator Q
Market Category Other OTC
Current Value
Daily List Date/Time 12/31/2020 17:30:25
Event Type Bankruptcy Plan Effective/Shares Cancelled
Effective/Ex Date/Time 12/31/2020 17:30:00
Symbol AREXQ
Issue Name APPROACH RES INC Common Stock
Class
Market Category Other OTC
Offering Type No Restrictions
Daily List Comment
Subject to Corporate Action
Forward Split Ratio
Reverse Split Ratio
Dividend Type
Percentage 0
Cash Amount 0
Declaration Date
Record Date
Payment Date
Payment Method
734,000 shares were dumped at 0.0070 previous day. Soon this bid at 0.0070 will be gone and we'll be heading towards 0.0010-0.0030 in a flash.
That sucks but the market will still play this one out till it's cancelled.
As-of-today, the-courts-have-confirmed-AREXQ's-chapter-11-Plan.Common-shareholders-will-be-wiped-out as per the Chapter 11 plan. This can happen at anytime now. I sold my last few shares into the $0.0070 bid. There is still a large bid at $0.0070 but I doubt it will last long, I wouldn't expect anything higher.
Document Number: 712
Date Filed: Dec 16, 2020
Description: Findings of Fact, Conclusions of Law, and Order (I) Approving the Disclosure Statement in Support of Liquidation of Approach Resources Inc. and its Debtor Affiliates on a Final Basis and (II) Confirming the Joint Plan of Liquidation of Approach Resources Inc. and its Debtor Affiliates under Chapter 11 of the Bankruptcy Code Signed on 12/16/2020 (Related document(s):671 Amended Disclosure Statement, 700 Amended Chapter 11 Plan) (TylerLaws) (Entered: 12/16/2020)
Source URL: https://www.courtlistener.com/docket/16482338/approach-resources-inc-and-approach-resources-i-lp/?filed_after=&filed_before=&entry_gte=&entry_lte=&order_by=desc
The show must go on?
Still trading. ETRF with a nice $14,000 Bid. Maybe I buy more?
You sound bitter dude. You just have to play the trade.
No...I get to keep all my money!
Can't say the same for all who laughed at me...
Karma a biatch!
ArexQQQQQQQQQQQQ
You get a gold star sir! As the saying goes you can only lead a horse to water....
Still wanna argue AREX shares are getting cancelled??
Been preaching to this board for 4 months now that it's a Q for a reason
ArexQQQQQQQ
Yea we did. Sucks but that’s part of the risk in these
Ditto on that! We did know the possible outcomes though.
On the Effective Date, all Interests in the Debtors shall be terminated and extinguished and
any certificates or other documents that previously evidenced ownership of those Interests shall be
deemed cancelled (all without further action by any Person or the Bankruptcy Court) and shall be
null and void and such certificates and documents shall evidence no rights or interests in any of
the Debtors. Upon cancellation of the Interests in Approach Resources Inc., neither Approach
Resources Inc. nor the Plan Administrator shall file periodic or other reports with the Securities
and Exchange Commission; provided, however, that Approach Resources Inc. shall continue to be
subject to the requirements of the Securities Act until such time as the Plan Administrator
terminates the registration of its common stock under the Securities Act and the rules and
regulations promulgated thereunder
$AREXQ Epiq 11 Alert: Approach Resources Inc.. #663 - Notice of (i) Amended Joint Plan of Liquidation an on 11/09/2020 http://dm.epiq11.com/case/APC/dockets/663?debtorId=9497
Seems pretty clear.
Thanks to everyone on this board that helped answer questions and provided info over the last few months while watching this. GL
$AREXQ Epiq 11 Alert: Approach Resources Inc.. #661 - Amended Chapter 11 Plan Filed by Approach Resourc on 11/09/2020 http://dm.epiq11.com/case/APC/dockets/661?debtorId=9497
No longer paying to host the site was my first thought. I don’t appreciate people pumping or trying to mislead people with bad information that clearly isn’t true but could have persuaded someone to buy shares of a company that’s closing. People should provide comments and info that helps.
Hilarious watching banter about web.com on a board for a bankrupt oil company where the commons are getting canceled which is verifiable in the latest dockets from the bankruptcy fillings in court.
Its likely they no longer are paying to host a website when the company is dissolving, all commons expunged (gone). If you are dumb enough to believe they are merging with a web hosting company then this is your dip! Get your order in.....
With the simplest of DD you can read Docket #643 which shows Class 6 interest (commons) canceled. I believe #645 confirms Class 6 commons deleted as well.
I checked again and you’re probably right. I’m seeing multiple sites that list both $25 and $28 for the sale price. Thanks
https://www.web.com/about-us/press-releases/webcom-announces-agreement-be-acquired-affiliate-siris-capital
Dude I'm not comparing, WEB.COM's subsidiary is Network Solutions.
Btw the deal was $28/share.
Umm. Thanks?
The people on this board have been very helpful by share useful information and their knowledge. We want want to make money which means questioning until we get answers to make better decisions. Web.com did sell but for $25 a share almost 2 1/2 years ago and comparing that sale with the value of AREXQ doesn’t make any sense.
I was trying to understand what caused the spike but its starting to look like it was just another pump by new people showing up. I hope I’m wrong.
GTSM is on both top BID and ASK.
On the bid? There’s no pressure on the ask from what I’m seeing
U Might Be Surprised...I'm still Loading !!!!
No buying pressure. Doubt it flies
AREXQ $$$ LOADING THE CHEAPIES. ..READY TO FLY NORTH !!!!!.
Still holding.. I never pumped so you can go back and check. Been here forever seems like another crew came and pumped though. Going to wait and see what happens with the shell. Went all or nothing here
AREXQ $$$ CONTINUING NORTH !!!...SOMETHING BIG COOKING..
Haha, subsidiary of Web.com, whom was purchased for $28/share by Siris Capital in a $2 billion deal ....is that sketchy enough, I love it.
Has anyone else looked at network solution’s site. I’m not sold this the reason it spiked today. They seem super sKeTcHy.
There are dozens of complaints and threats of class action suits against NS. Does anyone know if NS was hosting their site before BK?
https://www.consumeraffairs.com/internet/network_solutions.htm?page=2#sort=recent&filter=none
Seems like it’s compensation for employees that weren’t hired by Zaranova.
Can someone translate that doc?
$AREXQ:
agreed.
could hit .05 to .07 tomorrow.
tiny float here.
all that volume today does suggest that something big is coming here.
that is why i loaded up today.
AREXQ $$$$ SOMETHING BIG ABOUT TO HAPPEN HERE !!!! TOMORROW ITS GOING TO ROCKET UP, BIG LOADING, IM MEAN BIG THE LAST 15 MINUTES !!!!
Seems like this has no effect on us
Epiq 11 Alert: Approach Resources Inc.. #650 - Emergency Motion to Enter Stipulation and Agreed on 11/04/2020 http://dm.epiq11.com/case/APC/dockets/650?debtorId=9497
Expected to see a little more post following today’s volume.
$AREXQ:
well i still got my shares.
did not expect that last minute drop.
float is evidently small here. it can move on up in a hurry.
now i am hoping for .04 tomorrow.
it should bounce back strong in the morning.
Any predictions ??
$AREXQ:
looking at the 3 month chart.
it is not extended. this run is going to continue tomorrow.
Isn’t gtsm the “whales”? Why would they want this taken down? To buy more on the cheap? Just asking y’all are way more savvy than me
Gtsm taking it down
Lol. Account looking a lot better today
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