As-of-today, the-courts-have-confirmed-AREXQ's-chapter-11-Plan.Common-shareholders-will-be-wiped-out as per the Chapter 11 plan. This can happen at anytime now. I sold my last few shares into the $0.0070 bid. There is still a large bid at $0.0070 but I doubt it will last long, I wouldn't expect anything higher.
Document Number: 712 Date Filed: Dec 16, 2020 Description: Findings of Fact, Conclusions of Law, and Order (I) Approving the Disclosure Statement in Support of Liquidation of Approach Resources Inc. and its Debtor Affiliates on a Final Basis and (II) Confirming the Joint Plan of Liquidation of Approach Resources Inc. and its Debtor Affiliates under Chapter 11 of the Bankruptcy Code Signed on 12/16/2020 (Related document(s):671 Amended Disclosure Statement, 700 Amended Chapter 11 Plan) (TylerLaws) (Entered: 12/16/2020)
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