Replies to post #323 on GMX Resources Inc (fka GMXRQ)

[Peeteman]

I would ask again. Why would Chatham, Blackstone, and GSO and their affiliates spend millions of dollars purchasing 80% of common stock in GMXR. See Docket No 1 page 6 - Chapter 11 filing from GMXR website

[johnholmes]

issued stock is a debt not an asset, and depending on the plan the commons can continue happens about 10 percent of the time, one of the best ones was PG&E.