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Stopshorthatty, is Judge Hall a major stockholder? They have reorganized into two new companies and both are privately owned and not listed on the exchanges.
Any information about the new GMXR company?
"Fung-derf", I'm sorry to have ticked you off but I have GMXRQ shares in both TDAmeritrade and Wells Fargo and neither have given me instructions on how to handle the bankruptcy. I hope you will disregard any future postings that I might make.
Anyone had their GMXRQ stock removed from account?
My Broker accounts still show my GMXRQ stock and at a value of .05. I would have expected them to have been removed by now.
Surely the U.S.Trustee's "NO" vote wasn't pawpaw influenced! I'm still curious as to why the Trustee's vote against the plan didn't carry any weight. Thats when I thought we were going to win and bought more stock.
Why did the Judge rule against U.S.Trustee? Does anyone have any thoughts as to why the Judge went against the U.S.Trustee?
How do we explain the U.S.Trustee's objection?
Why did the Judge ignore the U.S.Trustee?
U.S.Trustee objected to the plan on 1/10/2014 saying that the plan contains releases that are unconfirmable. The trustee says that the plan violates the bankruptcy code by including releases for nondebtor parties. The trustee also stated that the plan doesn't truly reorganize the company because the bulk of the assets go to a group of senior secured creditors. What is wrong with the trustee's statement?
As a stockholder, I am an owner of GMXR and I believe that all owners should share equally in the loss.
How can BK courts allow theft of stock?
Pawpawsir, who should we contact to make an appeal for stock conversion?
I was just doing some wishful thinking. Thanks anyway!
Stopshorthatty, thanks for your posting! Does this mean that our old common stock will be replaced with new stock without any additional investment on our part? We appreciate you sharing your research.
Pawpawsir, would appreciate your idea of final plan.
When will we know the final plan?
Peterman, I am a common stockholder. Does this mean that I'm totaly out with a big zero? Thanks for your comments.
Any leaks yet of yesterday's court actions? Please share any news! Thanks
Did the Judge rule today?http://investorshub.advfn.com/boards/read_msg.aspx?message_id=94965769
Pawpawsir, thanks for great research & analysis!
Pawpawsir, thanks again for all your efforts to build a case for rejecting GMXR's bankruptcy plan. Now let's pray that the judge will review the facts and render a honest and fair decision that will reject the plan and allow GMX to operate as the old company. Does anyone know anything about judge Sarah?
So, reject the bid & go with old company!
Merry Christmas Pawpawsir and all of our board. Let's all pray for a fair and just settlement.
Will all common stock be treated the same regardless of whether purchased before or after the split?
Pawpawsir, thanks again for your explanation of why you believe we are still in a position to win. When you referred to 16 per cent of common stockholders, does that imply that 84 per is owned by insiders?
Pawpawsir, is bid rejection Commons only hope?
pawpawsir, thanks for your efforts for a fair decision. Hopefully the contacts that you have made will result in a close examation of the facts that you have presented in the GMXR case.
Pawpawsir, your plan would be fair for everyone.
StopshortHatty, your analysis is logical & factual. Thanks for sharing.
Pawpawsir, thanks for the email information you sent. It is most convincing and explains the very positive position you have taken in the bankruptcy. Now let's pray for a fair and open minded decision by the court. Thanks for all your help!
I believe in PawPawsir and his slingshot! There are just too many questionable parts of GMXR's plan.
Bless you Pawpawsir, Amen! Keep us POSITIVE!,!
Sliderider, I received legal forms last week too. I didn't know what to do with them and if I had, there wasn't enough time to meet their return deadline. Pray for a fair decision by the judge.
Way to go Pawpawsir! Thank you !
Peeteman please share your estimated time for a final bankruptcy decision.
Pawpawsir, we pray you have a good update!
Interim order establishing notification procedures. I received a notice from the bankruptcy court for approval of stock transfers and I'm not sure what it is all about. Would someone help me understand when I would need to take any action on this directive. Thanks again!
Notice of disclosure statement & objection deadline. I received a notice of a hearing to consider objections to GMXR's disclosure statement that accompanies their plan of reorganization. Would someone please shed some light on this notice. Thanks
Sliderider, why wouldn't a debtor want GMXR to exit bankruptcy and be given a chance to pay their debts versus bankruptcy and not pay you anything?