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JEFFROCOLETRAIN

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JEFFROCOLETRAIN

Re: None

Tuesday, 10/27/2020 10:11:29 AM

Tuesday, October 27, 2020 10:11:29 AM

Post# of 2648
If the Wilks brothers have 47% of the shares, and stand to lose $100 million in a bankruptcy, and the current buyout price of Approach Resources is, what $115 million?

Why wouldn't the Wilks brothers just pony up the other $115 million and buy the company outright?? That saves their position, makes their stock holdings back to level par bringing AREX out of BK with commons in tact, for a relatively small price? (whats a $100 million to a billionaire?)

But thats not happening, Wilks is just rolling the dice in BK court???

I don't believe it...it stinks to high heaven.

AREXQQQQQQ

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