Home > Boards > US OTC > Delisted > Geomet Inc. (fka GMET)

On Thursday, GeoMet filed a plan for dissolution.

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
KOmani Member Profile
 
Followed By 22
Posts 1,639
Boards Moderated 0
Alias Born 09/22/15
160x600 placeholder
KOmani   Monday, 10/19/15 10:17:10 AM
Re: None
Post # of 805 
On Thursday, GeoMet filed a plan for dissolution.

The plan suggests that common shares would receive a portion of the funds available.

Dissolution Value given was $0.0175 per common share and $1.5368 per preferred share.

That final value assumed that an additional $0.01 per common share would be enough to cover expenses and claims.

So, it seems like $0.0175 may be coming to common shareholders. Could be less and could be a little more.

Just an explanation as to why the shares jumped today.

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist