Replies to post #340 on GMX Resources Inc (fka GMXRQ)

[Peeteman]

I agree that they are definitely more interested in recovering their debt. But keep in mind that they purchased the majority of their shares prior to March 11th when they filed their Form SC 13D's So they paid any where from $7 a share to $2.60 a share. Thus at a minimum their cost was $1,315,000. All I'm saying that to recover their debt they didn't need to purchase all these common shares. I think they are looking at potential upside in existing common shares when GMX emerges from bankruptcy. That's all I'm saying. They're covering all their bases. IMO