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G.F.W is not done unloading shares and has another 3.7 million shares to sell on the bid.
The forbearance agreement requires the company to enter into a restructuring support agreement with lenders by July 8, 2016, otherwise the forbearance will terminate. The rating reflects our view that the company will reorganize under Chapter 11. S&P
Standard and poor believes, that the company will reorganize under Chapter 11.
TPLM is in negotiations with its debt holders. the outcome depends on the results of negotiations. Volatility in commodity market has let many oil and gas companies to restructure/chapter 11, and this company is no different than its peers.
Time will tell if TPLM is going to restructure through chapter 11, however all signs point to that direction.
July 17th is a important day for key share holders.
TPLM is going to restructure and they hired another board member who specializes in restructuring/ chapter 11.
TPLM continues to evaluate strategic options to maximize the value of its assets and has engaged in discussions with its principal stakeholders to identify a comprehensive solution.
TPLM also announced today that its Board of Directors has been expanded from five to six directors in connection with the appointment of Mr. James B. Shein as an independent director. Mr. Shein is currently Clinical Professor of Strategy at the Kellogg School of Management at Northwestern University and brings extensive restructuring, governance and fiduciary duty advisory experience. He will play a critical role in determining and executing the best path forward for TPLM.
Are you trying to fool yourself or others? In order to prevent that from happening they have to surrender to the debtor terms and that is BK, there is no way around it.
Read this from 8k!
If the Second Forbearance Agreement is terminated or is not further extended beyond July 17, 2016, the lenders could take certain actions following that date, including terminating the revolving commitments, declaring the unpaid principal amount of outstanding loans immediately due and payable, and requiring letters of credit to be cash collateralized.
The question is what will happen to common equity holders?
Chapter 11 is the new restructuring.
What a boring board!
Chapter 11 before July 17th.
Chapter 11 on the horizon!
TPLM is reviewing strategic alternatives to restructure. Now days the word restructure is synonymous with chapter 11.
Will this run again?
Another 18 million shares will be added to the float.
The rumor is true, company management is talking with the debt holders to restructure the company.
No so fast, brexit killed it for now.
A week of oil gains is wiped out with the brexit.
Here is an example of how debt payments works for oil companies.
Hercules paid down $35 million of its senior loan shortly after filing for bankruptcy protection.
Do you have a link to show the restructuring news?
Dubel will be laughing all the way to the bank.
G.F.W is selling their $6/share for .34, dose anyone know why? I couldn't find any info suggesting that TPLM is planning restructuring.
Pumpers are furious!
Notice is hereby given that the 2016 annual meeting of stockholders of Guided Therapeutics, Inc., a Delaware corporation (the “Company”), will be held on Thursday, August 4, 2016 at 10:00 a.m., local time, at the Company’s offices, located at 5835 Peachtree Corners East, Suite D, Norcross, Georgia 30092, for the following purposes:
1. to elect three directors;
2. to approve an amendment to the Company’s certificate of incorporation to effect a reverse stock split, in a ratio to be determined by the Company’s board of directors ranging from 1-for-10 to 1-for-400, of all issued and outstanding shares of the Company’s common stock,
Here is some new info:
Pursuant to a Stock Purchase Agreement (the "Stock Purchase Agreement"), dated March 2, 2013, between Triangle Petroleum Corporation ("Triangle") and NGP Triangle Holdings, LLC ("NGP Triangle"), Triangle issued and sold a total of 9,300,000 shares of common stock of Triangle ("Common Stock") at a price of $6.00 per share as follows: 8,118,407 shares (the "NGP X Shares") of Common Stock to NGP Natural Resources X, L.P. ("NGP X") and 1,181,593 shares of Common Stock (the "NGP Parallel Shares") to NGP Natural Resources X Parallel Fund, L.P. ("NGP Parallel").
G.F.W. continuously dumping shares, and the question is why?
Dream on!
The company is in negotiations with its debt holders to restructure, and as always when the news of restructuring gets out the PPS will nose dive. restructuring is not always in favor of common share holders.
Smells like BK is around the corner.
Expect a sharp decline, when the restructuring news hits.
The selling starts now!
At any time after June 9, 2016, and while the Note is still outstanding and at the sole option of Old Main, Old Main may convert all or any portion of the outstanding principal, accrued and unpaid interest redemption premium and any other sums due and payable hereunder or under any of the other Transaction Documents into shares of Common Stock of the Company at a price equal to the lower of: (i) sixty-five percent (65%) of the lowest traded price of the Company’s Common Stock during the thirty (30) trading days prior to the Conversion Date; or (ii) sixty-five percent (65%) of the lowest traded price of the Common Stock in the thirty (30) Trading Days prior to the Closing Date.
How much will be the new PPS when the new lender start selling shares for 65% less the current PPS?
Another 5mil shares to dump.
If they are looking into restructuring that means they are not in good shape.
Exactly my point their debt is not 51B, it's 4B. You should have read the article before making outrageous claims.
Wrong, SDOC debt is 4B and assets is 7B, plus they had over 650 mil in the bank. Don't try to fool yourself.
Wake up this company is already in BK.