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Well it didn't take them long to file a 98 million dollar offering. It may be time for the pps to adjust with the flood of new shares coming down the road.
That's roughly 3.3 million new shares and as the pps drops the share count will increase.
The warrants are also listed on NYSE GLF/WS
whats the ticker for the Warrant
GLFW?
7 year warrants will become more valuable as the commons rise in price.
Small float... 7milllion shares issued and 801, 000 warrants.
Being fresh out of BK the new shares are not widely held, this could see $50 - $70 if they don't dump into the increased pps.
Old equity got very little in new equity so its pretty much all insiders and note holders moving this up.
JMO
This is unreal ! Y this is up like crazy ??
so much gain on low volume.. and it held pretty well.. hmmm monday will be interesting here
The warrants ran almost 10K percent today
Feeling like I won a little lotto...next could be Seadrill...
Good golly Miss Molly!!!!!
I am out...made pretty dm good I must say...lol
Looks like I may see that $50 per share.
The Warrants are on fire today and should close well over a dollar... 2 days ago they were .0083 but volume is very tight and the selling appears to be insiders running it up with tiny trades.
The warrants are what I'm bidding on.
If GLF gets to $50 a share I can be green again.... Don't think its gonna be this Christmas.
GLF/WS is the warrants they issued existing equity holders.
GLFMQ: Shares Cancelled. Holders of Existing Equity will receive 0.00271233 shares of new common stock & 0.00293167 New Existing Equity Warrants for each share of existing equity.
FINRA deleted symbol:
http://otce.finra.org/DLDeletions
GLFM: effective May 18,2017 GLFM will change to GLFMQ, bankruptcy:
http://otce.finra.org/DLSymbolNameChanges
Amazing news out: GLFM is going to file Bankruptcy (Chapter 11) before May 21:
"The restructuring will be implemented through a voluntary chapter 11 bankruptcy filing of the Company on or before May 21, 2017."
GLFM, 10-Q out, Loss: $124 Million for the 3 months, Vast! Bankruptcy any time!
sorry new to some of the language...what does "Now up listed on NYSE" mean?
GLFM - Now up listed on NEW YORK STOCK EXCHANGE - NYSE (GLF).
GO GLF!!!
Oh, it has 1 week for trading. Thanks for the info.
Yep: GLFM: the Company filed an 8K that the bondholders and the bank creditors agreed to waive the default for 2 weeks (through April 28) to complete negotiations on a restructuring - so I would calendar April 28 for more news. Moodys values the collateral in a liquidation "fire sale" to be worth only 50% of the total debt and 35% of the senior bonds; S&P latest that I have seen (November 2016) estimates more like 70-85% recovery for bondholders. Either way, looks like there will only be crumbs left at best for the common shareholders.
"restructuring" is Chapter 11 or Bankruptcy!
Worsely, Moody's estimate : Liquidation ! or Chapter 7!
GLFM - Do you have hard fact that they are reporting BK.
Where do you find this information if the company themselves have NOT put through a PR.
GLFM, going to file Bankruptcy any time now:
GulfMark Offshore, Inc. -- Moody's appends limited default (LD) designation to GulfMark's PDR
Moody's Moody'sApril 17, 2017
Rating Action: Moody's appends limited default designation to GulfMark's PDR. Global Credit Research- 17 Apr 2017. Approximately $430 million of rated debt affected.
GLFM, Bloomberg is reporting a pre-packaged Chapter 11 reorganization is near - I suspect it will coincide with the expiration of the April 14 grace period on the bonds or soon thereafter.
GLFM, funds/institutional are buying cheap shares as they've been holding it since $7.38, Big bouncing coming!
GLFM - We are rebounding UP UP UP.
Go GLFM!!!!
GLFM was delisted from NYSE Apr 11. It was high as $7.38. O/S: 26 m (extremely low). Big bouncing coming.
GLFM, Bankruptcy any time now with Vast debts: News:
GulfMark Offshore, Inc. -- Moody's appends limited default (LD) designation to GulfMark's PDR
Moody's Moody'sApril 17, 2017
Rating Action: Moody's appends limited default designation to GulfMark's PDR. Global Credit Research- 17 Apr 2017. Approximately $430 million of rated debt affected.
GLF changed to GLFM. Delisted from the NYSE to the OTC:
http://otce.finra.org/DLAdditions
Back to 3-02-2017 price range.
That's how it's done, after hour and extended hours trading. Should get a gap in the morning, GLL
NEWS OUT AH. LINE OF CREDIT EXTENDED.
I need to get in before that happens...shorts will be toast
Yep, it's a tricky one but lots of support in the .35 range. I suspect, once they sort out the missed pmt with creditors, it will rocket. May have to hold it for a bit.
Man when this thing bottoms it's going to have a big move up! This thing is really good at going down till then.
Yep. SA is usually FOS. Bettin' this thing will rally.
Gulfmark Offshore fails to make interest payment; shares -40%
Gulfmark Offshore (GLF -40.1%) discloses that it will not pay the $13.7M interest payment on its 6.375% senior notes due 2022 by today's due date; shares resume trading after a halt.
GLF says it will exercise the 30-day grace period for the payment.
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http://www.gulfmark.com/index.php
GulfMark Offshore, Inc. provides offshore marine services primarily to companies involved in offshore exploration and production of oil and natural gas. The Company's vessels transport materials, supplies and personnel to offshore facilities, as well as move and position drilling structures. The Company and its subsidiaries operate through three segments: the North Sea, Southeast Asia and the Americas. As of December 31, 2006, its fleet consisted of 59 offshore supply vessels, of which 33 are in the North Sea, 12 vessels offshore Southeast Asia, four vessels offshore Brazil, two in the Mediterranean Sea, two vessels offshore India, three in the Gulf of Mexico and three offshore Africa. In April 2006 and September 2006, it acquired two vessels under construction, which are working in Southeast Asia. Its principal customers are major integrated oil and natural gas companies, large independent oil and natural gas exploration and production companies working in international markets.
GulfMark Offshore Announces Closing of Rigdon Marine Transaction |
HOUSTON, July 1, 2008 (PRIME NEWSWIRE) -- GulfMark Offshore, Inc. (NYSE:GLF) today announced it has closed on the previously announced acquisition of Rigdon Marine. The combined company will initially operate 90 vessels with an additional 16 vessels under construction for delivery through 2010. Geographically diversified, the GulfMark fleet will operate 24 vessels in the U.S. Gulf of Mexico and bring the total Americas based fleet to 34 vessels, with an additional 43 vessels based in the North Sea and 13 vessels based in Southeast Asia. |
Rigdon - M/V First and Ten
A post with more detailed charts - http://investorsh ub.advfn.com/boards/read_msg.asp?message_id=23395041
LATEST IBox update Dec 16, 2009
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