GMX Resources Inc (fka GMXRQ)

[Peeteman]

I understand. Most shares were purchased in December. However if they controlled first lien position they must have had info about what was happening with company. They are very savy business people. They would only purchase 80% of common shares if they thought there was strong upside value even after potential Chap 11 filing. They held the strings regarding the filing, because they could have approved renegotiation of their existing debt to keep share price intact. They are looking for end value in common shares when chap 11 complete IMO