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GMX Resources Inc. Message Board

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  • ubahedge ubahedge Feb 1, 2012 7:14 PM Flag

    DO or DIE

    Wist, check your numbers! Total pref o/s is only 3.2 million shares, so obviously no single investor can hold 12,000,000 shares!

    With 20% of pref float changing hands in the last 3-4 days, the immediate selling pressure might start to ease.

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    • YES Sir! You are fault and apolgies (I have been running wild over many issues and a variance of stocks/ETFs). The "par value" was $12,000,000 which is equal to 480,000 shares. The total of the top 10 holdings was a par value of $35,426,000 or 1,417,040 shares. I have been a buyer of the preferred over the last three days at a multitude of prices. Total risk money. 10,000 shares at a blended price of $6.51.