GMXR tried to raise $75M equity and $75M convert debt with Credit Suisse in January
This and other interesting history, as well as the proposed timeline for the auction of company assets (50 days to propose bidding procedures and have them approved by the BK court, and then 75 days to conduct the auction) are described in the Decl. of Michael Rohleder (document #6) in GMXR's BK docket. Follow the link in the company's press release about further information and you can get to the docket. I tried to post the link, but then Yahoo deleted the Topic.