Yes indeed. The bond holders will secure their money in BK. All the property will
be sold at distress prices to cover the debt. Actually GMXR probably has a better
hope then this mess of a bad managed company. The shareholders averaging
down on hope of a return to the 70 cent plus range are taken to the woodshed
and beaten into a pulp. I do not think this stock is even worth 10 cent I think you
will understand NOW that BANKRUPTCY is a coming around the corner.
Long-Term Sentiment Disclosure: DONE put a fork in it.
Amazing...you come on the LPR board to hype a company that is in Chapter 11. GMXR doesn't have the asset/debt ratio that LPR has....and GMXR has done a reverse spit after their Ch 11 to boot. Lets let LPR go down its own road...be it Chapter 11 or not, before hyping something that already has a fork in it.