Sounds like they have the money???? We've resorted to sound for dd now???

Incredible...... do some real dd and you'll see they do NOT have the 22 million. But thanks for trying....smh

Arexqqqqqqq

All you have to know shortie is that there are 600 million in assets. Don't bring legitimate questions to this board.

Say things like cheapie and weeeee

Arexq

So if a company needs protection against its creditors, you somehow think that a court issued restructure is going to fix their money issue? They dont have the money to pay! SHAREHOLDERS ARE AT THE END OF THE LINE WITH THEIR HAND OUT...you will be there holding your bags of millions of shares, saying, "but you have 600 million in assets? How is this possible?" Wilks brothers will tell you to shut the lights off on your way out, as they get their nice new chunk of the newly minted shares, and lose practically nothing.

Not to mention, Arizona just shut down the state. Everything, bars, restaurants, gyms, etc...Its a matter of time before other states follow suit. Just because oil is 40 a barrel right now, isn't the ticket back to profitability. The United States is about to see REAL pain in the economy.

At least you can use those AREX stock sheets for toilet paper. It'll be a little rough, but then again, so was losing your entire principal investment!

AREXQQQQQQQQQQQQQQQQQQQQQ

Do you know what bankruptcy means?

Why would you think that if AREXQ could handle their liabilities why would they even file bankruptcy in the first place. In a chapter 11 restructure all of their creditors and bondholders are going to get a fraction of what they're owed. The common shareholders get whatever is left over, so if the creditors and bondholders aren't getting 100% of what they're owed the shareholders get 0 zilch nada

Incoming volume???? Are we looking at the same stock???

It traded a paltry 300K shares today...

Not the volume you would expect from a company worth 600 million...

But it IS the volume of a company going BANKRUPT and cancelling the commons.

RIP


AREXQQQQQQ

If Approach Resources has 600 million in assets after liabilities are paid, then why was Alpine paying 200 million for the company??????

AREXQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ

ORDER (I) EXTENDING DEBTORS’ EXCLUSIVITY
PERIODS AND (II) GRANTING RELATED RELIEF

Approach Resources will be "relieved" of all of their common shares!

Bwaaaahahahahahahhaha

AREXQQQQQQQQQ

All 150k shares sold today all sells...

Gee, wonder why? Oh thats right! 600 million in assets! No chance of commons being wiped out. None at all.

AREXQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ

RIP commons

No....I think arex has a week or two to go sideways with a slow bleed into the high teens...

Then I might think about it

Arex qq

I told you Friday we would visit the .02's today...

Future prediction of AREXQ stock price?

Pain

Arex+qqqqqqqqqq

UGH I KNOW!!!

If only Warren Buffet could have seen the better value in Approach Resources than Dominion...UGH what was he thinking!!!!

WTF does Buffet know anyway....Goon

AREXQ

It easily has a book value over $10

Without the threat of shareholders being cancelled, this would shoot to multi dollars fast!

Unfortunately, poor management ran it into the ground, and Approach is in a dire position. Easy fix. BK, restructure debt, ditch commons, and rise out of the ashes a new company in the Texas basin ready to roll!

AREXQ

SALE TODAY!!! PIECES OF PAPER WITH "AREX STOCK" WRITTEN ON IT

Only 3 cents a piece! C'mon people, step right up and get your sheets of paper.

It's the deal of the century! No where can you buy shares of a company worth $15 a share for 3 cents!

Step right up and get your paper. Your paper AREX stock is multi purpose! Fold it up into a coaster to put your drinks on! Use it to line your litter box! Nothing makes your furry friend happier than using AREX stock to do his business on! Buy 100K pieces and tape them together for a paint tarp to repaint your living room! Cut them in little squares and put them right next to the toilet for a quick wipe!

FOLKS the purposes for AREX are endless! And for 3 cents a piece, it wont break the bank. For the low price of $19.95 you can buy hundreds of pieces for your disposal!

AREXQQQQQQQQQQQQQQ

Its a done deal there cheesecake!

CAFC 3 judges unanimously voted to uphold NLST patents. Time to pay the piper Googie!

If you can give me a better investment that will outperform what NLST will do in the next 2 years, I would love to hear it

Otherwise, its NLST knuckles in yo FACE

NLST thug life bitch!

Just think.... back in February n March, 100k blocks of shares were on the ask at 20 cents everyday! They couldn't give them away!

Now, all y'all suckers who didn't believe have to pay tax on dat ass if you wanna play!!

Nlst fo life

I have nlst tattooed on my knuckles so you bitches know who's OG

The current price of AREXQ is where it is at because NO ONE wants this stock!

$15 book value per share, and NO ONE wants it for 4 cents???

Follow the money!! LMAO

All the way to ZERO!!

AREXQQQQQQQQQQQ

So if commons are not getting cancelled, why is Approach Resources trading at 4 cents with a $15 a share book value?????

AREXQQQQQQ

I want to believe too! Maybe we can all be beliebers??????

Yaaaaaa! Lets hold hands and run in a circle together!!!

Yaaaaaa! Approach Resources is gonna be ok!!

Yaaaaaa! Doesnt matter that they are in BANKRUPTCY proceedings to wipe the commons and issue new shares to the Wilks brothers!

Yaaaaaa! Who cares, as long as we sit together and go WEEEE and Cheapies

Yaaaaa!

AREXQQQ

Retail investors may have been lured by their rock-bottom stock prices, unaware that shareholders in bankrupt companies typically walk away with nothing, Kirk Ruddy, a former bankruptcy claims trader, told Bloomberg.

Courts tend to order bankrupt companies to repay lawyers, lenders, and suppliers before their shareholders. Bonds linked to the troubled companies are trading below their par value, suggesting their creditors won't be made whole, let alone their shareholders, Bloomberg said.

"No one ever loses equity in a bankruptcy case," a judge told JCPenney shareholders last month. "Equity gets lost long before the case is filed."

Thats hardly crap...thats truth!

AREXQQQQQQQ

See you all Monday when we test the waters at .02 for awhile....

AREXQQQQQ

Thats an unfair comparison!

Had that same person gambled on AREX within that same timeframe, he would be close to EXACTLY the same result. Lost everything.

The shareholders who have been here before the chpt 11 announcement are down some 98% of their original investment.

The fact that you're here after the fact doesnt change that. I'd be a little sympathetic to those who are holding underwater, hoping for a big payout (for them a break even).

The Wilks brothers...they seem to be building an oil empire in the Texas basin. But just because they have 40 million shares doesnt mean they cant be wiped out in the BK proceedings. Dont use that as a crutch to think that the commons wont be canceled like some here on this board.

There seems to be this aura of invincibility because of institutional holdings....like hedge funds and big whales dont lose money all the time in the stock market...

Its clouding your judgement

AREXQQ

Unfortunately for us investors, in both cases, the casino, and the stock market (specifically AREX), both games are rigged against us.

AREXQ

Not necessarily...

If people believed that this has better odds than Vegas, they would be buying. No one is buying. No one seems to want to bet this is going to survive chpt 11

I would say the odds of this winning big in Approach are equal to that of hitting a slot machine jackpot...which I think is about 1 in 20,000,000

In fact, more people are putting money in slot machines than AREXQ... so clearly people believe that slot machines are a better investment.

I can go down to my local gambling cafe, and there is a waiting list to get a machine. I can buy 120K of AREX shares for 5 grand right now. No waiting list.

AREXQ

My point exactly. NO ONE has a clue.

But that doesnt stop people from posting ridiculous claims!?

I post just to show how stupid these people sound. And they cry like babies

AREXQ

I do need to be here.

Too many knuckleheads saying 600 million in assets, and they will come out of BK with commons in tact.

Not going to happen

AREXQQQQQ

And I sold that at .08!!!

"where were you when it hit .08???"

LMAOoo


AREXQ

All I got? What more do you need???

COMMONS GET CANCELED IN A CHPT 11

Newly minted shares get issued.

Keep pumping this garbage. you have an audience of 3

AREXQ

All of these court docs are available for us to read.

All of the information of where the BANKRUPTCY proceedings are is available to us...

...and NO ONE wants to pay 4 cents a share????

AREXQ

Good question...I dont know that.

All I can reasonably deduct from the information that we have, is that the odds are in favor of the commons canceled.

With no volume, the MM's can do whatever they want with the bid and ask.

AREXQ

If no one is willing to pay 4 cents a share for a stock that has 600 million in assets, what does that tell you?

a) everyone is stupid

b) the people in the know are privy to information that the commons are getting canceled.

AREXQQQQQQQQQQQQQQQQQQ

Thats a perfectly sound purchase!!

Someday SOON his 14 shares purchase of .44 cents will be worth millions of dollars!!!

600 million in assets!!! LMAOOOooooooooooooooo.........

AREXQQQQQQQ

What a great day ladies!

600 million in assets, and no one wants to pay 4 cents for this???

Oh thats right, they are canceling the commons in chpt 11 RESTRUCTURE!!!

AREXQQQQQQQQQ

You need to update the board when the bid goes to .0311

If you're going to incessantly post update us when it goes to .06 please give the same attention when it goes to .0311

Thanks

AREXQQQQQQ

So when .06 is on the bid, you cant stop posting....

When .0311 is on the bid...you're silent???

Where is the YUUUGE and WEEEEE when .0311 is up to be bid???

AREXQQQQQ

A company with 600 million in assets is trading at $.04

And you're telling me that you and the three others here on this board, are the ONLY ones who see it???
No hedge funds, no ETF managers, no VCs...no one gets it except you m0n.

Der der derrrrrrr

AREXQ

99 out of 100 times commons are canceled in a chpt 11 restructure.

There are the rare exceptions, but the odds are sorely against the commons.

All creditors, bondholders all get paid first. And if, and only if, there is a few cents left over, which there will be none, the commons get those scraps.

NO lies, just truth

AREXQqQQQQQ

There is no proof commons are canceled until the commons are canceled!

You'll know when it happens...thats when you log on to your brokerage account and think, hmm, my balance is a lot lower than I thought.

Prove to me Approach is coming out of chpt 11 with commons intact....

Oh thats right, you cant. So your point is moot.

AREXQQQQ

Wait...are you telling us that we can lose all our money, or make money?

Wow! GREAT insight! Thanks for sharing!

AREXQQQQQQ

Not sure why you keep bringing up that this touched .08 for literally a couple trades at 1000 shares.

Volume is ghost town

Zero interest from investors losing their principal investment in a BANKRUPTCY

But hey, it went to .08 right?

AREXQQQQQ

Volume picking up today!

Its clear that everyone sees that this is coming out of Chpt 11 with commons intact

SMH

AREXQQQQQQQ (for a reason)