Besaides Chatham, Blackstone is not sleeping either.
Blackstone already has $30M of 2017 notes and 1.3M commons invested in GMXR. Now Chatham is trying to gain control by buying more (may be a lot more) GMXR commons (dilution!!). Where is Blackstone gonna sit??
Following is Blackstone CEO's latest statement.
**** Schwarzman also said that U.S. energy independence would be a major boon for the domestic economy.
"Everywhere I travel in the world, [U.S. energy potential] is the first thing that people talk about. If we can create energy in very large amounts at some of the lowest prices in the world, it's very logical that people from outside the United States are going to start businesses in the United States."
Schwarzman also predicted that there would be a "dramatic increase" in companies that utilize the energy chain, "if you can foresee a world in the future with natural gas powered automobiles, the savings would be absolutely huge and that would go into consumers' pockets," he said. *****
Blackstone wants to be in oil/gas biz for sure. May be a seat on GMXR's Board is a good start.
The filing is to state the two suckers who bought into the private placement are talking to eachother, as well as talking to management. In addition they may buy, sell, sell short or hedge their position.