GMX Resources Inc (fka GMXRQ)

[9diamond]

So you are on sinking ship, even you didn't listen to your buddy
Michael Rohleder as well as your "non tax claim" for your worthless shares. Congratulation! as GMXR closed too fast .... do you see it? at least 3 persons wanted to jump in with lower price, but they can't....

Who did you trust?, I believed that is pawpaw, or yourself.
My English master, would you analyze the portion of the BK process:

"The reorganization of the Debtors' capital structure under the Plan reduces the total amount of outstanding indebtedness by approximately $505,000,000 under four separate indentures. Secured claims under the senior-most indenture, allowed by the Bankruptcy Court in the amount of $338,000,000 have been exchanged for equity interests in Thunderbird Resources Equity Inc. ("Reorganized GMXR") and/or Thunderbird Resources LP ("New GMXR"). All priority non-tax claims have been paid off today or will be paid as soon as reasonably practical. General unsecured creditors received a pro rata share of (1) interests in a creditor trust created as of the Effective Date; and (2) $1.5 million in cash. At the option of the Debtors (with certain required consents), intercompany claims were either reinstated or eliminated, in full or in part. As of the Effective Date, all rights and interests of holders of the Company's common and preferred stock have been terminated. Finally, equity interests in the debtor subsidiaries are now held directly by Reorganized GMXR for the benefit of the holders of Reorganized GMXR common stock."

http://www.nasdaq.com/press-release/gmx-resources-inc-announces-effective-date-of-plan-of-reorganization-20140203-01267

What do you see?