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Anybody hear about this intended class action law suit on GGS?
Anyone have any comments on this?
The Rosen Law Firm P.A. is investigating potential securities fraud claim against Global Geophysical Services, Inc
58% Down today
GGS is a turd I got sold all my shares yesterday. Not good news, late earnings report...not sure what to say
What's up with this stock
wow 25% is something..i got rid of my shares too bad didn't do it sooner..
R u holding? What price you got in?
I sold GGS - complete turd.
Sure seems like it. Not much going on in the seismic industry these days.
Looks like going lower again before the close. Maybe will report after the bell.
hope there is on it imo...waiting news/report / anything.
looks like just you and me are playing this turd haha
I don't know...they are to report today...at least that's what's showing on Etrade...at what time? don't know.
check this out: http://stockcharts.com/h-sc/ui
if we close in black today...see what this has been doing every time...moving up...I am waiting for it.
whoever is scanning for 52week low will see it and watch it...it may spike next week..i am holding my shares.
let's see how they report. its at the lowest 52wee so if it holds, my move back up and it may move quickly...
The last news was on March 5. Not too many analysts commenting on this company. As I said before thought it has been upgraded to a hold. There has been quarterly report announcements for the past 3 weeks but nothing coming. As it stands now with markets, disappointing earnings would be pretty bad.
can someone tell if the company declares series A preferred Dividend is a good thing or bad?
have you found any news? anything? they are supposed to report on Monday...
Yes I am, bought in mostly around 1.50. Probably am a bit over exposed here. I probably should have unloaded a bit during yesterdays pop to 1.38.
Etrade is showing Monday but not sure if report will be good...afraid it may dip more if numbers are not good. R u in GGS?
Just hanging on, it had a pop today but right back down. Any idea if they will report their earnings on Monday? It was upgraded at Zacks, to hold a few weeks ago.
Do they have anything to report...that's the question. .
GGS what's wrong with you! !! Going wrong direction. ..come back up!
what's up with GGS...why getting lower? anyone know anything about it and if there is any good news in the pipeline for it?
Yep. This was way oversold.
That was almost free fall from $3 to buck and half. Did you average down?
This stock still has high potential. I think it will get back above the 5 dollar mark. If you haven't bought any, now is a good time, great price. I'm holding strong and I got in around $3
Global Geophysical Services, Inc. to Present at the Barclays Select Series 2013: Select Growth Conference
(NYSE:GGS) announced today that it plans to publicly release financial results for its quarter ended September 30, 2013, the Company's 3rd quarter of fiscal year 2013, before the market opens on Wednesday, November 6, 2013.
An investor conference call to review the financial results will be held as further detailed below:
Conference call Information:
Call Topic: Global Geophysical Services Q3 2013 Earnings Call
Date of Call: November 6, 2013
Time of Call: 10:00 a.m. Eastern Time
Participant Operator Assisted Toll-Free Dial-In Number: (877) 312-5527
Participant Operator Assisted International Dial-In Number: (253) 237-1145
Investors and analysts are invited to participate in the call by phone or via the Internet webcast at: http://ir.globalgeophysical.com/
The webcast from the call will be available for on-demand replay on our investor relations website at:
http://www.ir.globalgeophysical.com/results.cfm
Global Geophysical Services, Inc. (NYSE:GGS) (the "Company") announced today that it has entered into a financing agreement with TPG Specialty Lending, Inc. ("TPG") and funds managed by Tennenbaum Capital Partners, LLC ("TCP") for the provision of a $105 million loan facility. The loan facility will refinance in full its existing revolving credit facility, pay certain related fees and expenses, and provide access to additional capital for potential future strategic transactions.
The $105 million financing agreement provides for an $82.8 million Term A Loan and a $22.2 million Term B Loan ("Loans"). The Term A Loan will be fully drawn at closing to refinance the existing credit facility and to pay fees and expenses. The Loans bear interest at a rate of LIBOR plus 9.75% (subject to a LIBOR floor of 1%). The maturity date of the financing agreement is September 30, 2016.
The Term B Loan commitment is intended to support strategic transactions that the Company may undertake. As of the closing, no amounts were drawn on the Term B Loan.
Mathew Verghese, Global's Chief Financial Officer, stated, "We are excited to be working with TPG and Tennenbaum in this important transaction. This financing, which extends the maturity of our credit facility, has been an important objective for Global. We look forward to the support of our new financial partners as we execute on our strategic priorities."
Bank of America Merrill Lynch acted as financial advisor to the Company in connection with the financing.
About Global Geophysical Services, Inc.
Global Geophysical Services, headquartered in Houston, TX, provides an integrated suite of geoscience and engineering solutions to the global oil and gas industry including high-resolution, Reservoir GradeSM seismic data acquisition, AutoSeis® autonomous nodal recording technology, seismic data processing, microseismic monitoring, multi-client data products and interpretation services focused on unconventional consulting. To learn more about Global Geophysical Services, visit www.GlobalGeophysical.com.
About TPG Specialty Lending
TPG Specialty Lending is the direct originations investment platform of the global investment firm, TPG Capital, L.P., focuses on providing fully-underwritten capital solutions to middle market companies, management teams, and financial sponsors.
About Tennenbaum Capital Partners, LLC
Tennenbaum Capital Partners, LLC ("TCP") is a Los Angeles-based alternative investment management firm focused on performing and special situation credit for middle-market companies. TCP manages a publicly-traded business development company, TCP Capital Corp. (Nasdaq:TCPC), as well as other funds and accounts. Since its founding, TCP has invested more than $11 billion in over 280 companies. For more information, please visit: www.tennenbaumcapital.com and www.tcpcapital.com.
CONTACT: For Global
Sean M. Gore
V.P. Corporate Development
13927 South Gessner Road
Missouri City, TX 77489
ir@globalgeophysical.com
Phone: (713) 808-1750
Fax: (713) 972-1008
www.globalgeophysical.com
For TCP
Jessica Ekeberg
Tennenbaum Capital Partners, LLC
310-566-1003
investor.relations@tennenbaumcapital.com
Global Geophysical Services, Inc. to Present at the EnerCom's The Oil & Gas Conference(R)
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