Avg Vol (3 month)3: 10,241,600
Avg Vol (10 day)3: 28,028,100
Shares Outstanding5: 260.74M
% Held by Insiders1: N/A
% Held by Institutions1: N/A
Shares Short (as of Oct 30, 2015)3: 37.77M
Short Ratio (as of Oct 30, 2015)3: 5.09
Short % of Float (as of Oct 30, 2015)3: 23.20%
Shares Short (prior month)3: 41.51M
I would be very surprised if there were 8-10 million shares short at the present time and price ?imo
agreed not all R/S r granted a small % r not .R/S r not cheap an carry a sigma with them .Right off the bat the wells notice would have to be cured and mhrc finance dept is far from being ready for that .
"It's always darkest before the dawn" Think positive . MHRC is closer to their bottom @ .02 (O/G is another kettle of fish ) they had some positive news going forward Friday after the bell .Again this is for a trade ONLY at this time .If I remember correctly you use a broker and have no trading platform ?
It still has suitors and very possible JV's .Don't fall in love with any stock MHRC is for a trade .03 to .53 u do the math .I was just giving u a heads up no more no less .Do as u please .GLTU
If you can afford it take $500 buy 250000 @ .02 and then wait no sense waiting alone .I hate giving advice to any one it never seems to set well with me.GLTU
Item 3.01 Notice of Delisting or Failure to Satisfy a
Continued Listing Rule or Standard; Transfer of Listing.
On November 10, 2015, the Company received a letter (the "Letter") from NYSE Regulation, Inc. ("NYSE Regulation") stating that the Company's common stock was suspended from trading on the New York Stock Exchange (the "NYSE") intra-day on November 10, 2015 based on "abnormally low" price levels, pursuant to
Section 802.01D of the NYSE's Listed Company Manual, and that the staff of NYSE Regulation had determined to commence proceedings to delist the Company's common stock from the NYSE. The Letter further stated that NYSE Regulation had also determined to immediately suspend trading and commence delisting proceedings from NYSE MKT LLC ("NYSE MKT") of the Company's Series C and Series D preferred stock and the depositary shares representing the Company's Series E preferred stock (collectively, the "Preferred Stock").
Under NYSE delisting procedures, the Company has a right to a review of NYSE Regulation's determination to delist the Company's common stock from the NYSE by a Committee of the Board of Directors of NYSE Regulation, provided that a written request for such a review is filed by the Company with NYSE Regulation within ten days following the Company's receipt of the Letter. In addition, pursuant to Sections 1009(g) and 1203 of the NYSE MKT Company Guide, the Company may appeal NYSE Regulation's determination to delist each Series of the Company's Preferred Stock from NYSE MKT by a NYSE MKT Listing Qualifications Panel, provided that written request for such an appeal is filed by the Company with NYSE MKT by November 17, 2015. The Company does not currently intend to seek a review or an appeal of NYSE Regulation's determinations to delist the Company's common stock and Preferred Stock. Upon completion of applicable procedures, NYSE Regulation will submit an application to the SEC to delist the Company's common stock and Preferred Stock from t
Form 8-K for MAGNUM HUNTER RESOURCES CORP
Entry into a Material Definitive Agreement, Creation of a Direct Fin
Item 1.01 Entry into a Material Definitive Agreement.
As previously reported by Magnum Hunter Resources Corporation (the "Company") in a Current Report on Form 8-K (the "Original Form 8-K") filed by the Company with the Securities and Exchange Commission (the "SEC") on November 5, 2015, on and effective as of November 3, 2015, the Company entered into a Sixth Amendment to Credit Agreement (the "Sixth Amendment") amending the Fourth Amended and Restated Credit Agreement, dated as of October 22, 2014, by and among the Company, as borrower, the lenders and guarantors party thereto, and Bank of Montreal, as administrative agent (as previously amended and as amended by the Sixth Amendment, the "Refinancing Facility"). The Sixth Amendment was entered into by and among (i) the Company, as borrower, (ii) the guarantors party thereto, (iii) certain holders of the Company's Senior Notes (as defined below) and certain holders of the loans outstanding pursuant to the Company's Second Lien Term Loan Agreement (as defined below), as lenders (collectively, the "New First Lien Lenders"), (iv) Bank of Montreal, as administrative agent and
(v) Cantor Fitzgerald Securities, as loan administrator.
As more fully described in the Original Form 8-K, in connection with the execution of the Refinancing Facility, on November 3, 2015 (the "Refinancing Facility Closing Date"), the Company and certain holders of the Company's Senior Notes (as defined below) who entered into the Refinancing Facility (the "New Senior Notes Lenders") entered into a Forbearance Agreement pursuant to which, among other things, the New Senior Notes Lenders consented to an amendment to the Senior Notes Indenture (as defined below), pursuant to an Eighth Supplemental Indenture (the "Eighth Supplemental Indenture"), which such amendment amends the incurrence of indebtedness covenant in
that PJT/MS/Creditors/bondholders r telling ge to plain his exit and make it sooner rather than later .And don't count on ur golden parachute being there till mhr ship is righted .Tell the board their days r numbered also. S/P would be above a $ in a flash imo .
who is surprised with this headline .No one .
had there been any positive communication between MHR and NYSE MHR would have been giving the time needed . NYSE seen no light at the end of the tunnel for truthful/factual dialog so they did what the had to to .imo GE is treading water here with enforcement division of the NYSE ?
Crude Oil 40.91 +0.17 +0.43%
Brent Oil 44.67 +0.20 +0.46%
Natural Gas 2.441 +0.059 +2.46%
and the worlds in crisis . BTW who is in control over at MHR ? MS Creditors or bondholders ?
Tau Beta Pi engineering honorary installed at Miami
Eighteen Miami University engineering students are charter members of Ohio Xi Chapter of Tau Beta Pi, a national engineering honorary society. To be eligible, students must be in the top one-eighth of the junior class or top one-fifth of the senior class and demonstrate leadership and service.
Tau Beta Pi officers on hand for the February installation of members included executive councilor Jonathan F.K. Earle, James D. Froula, Christy M. Bogard and Curtis D. Gomulinski.
Four faculty in Miami's School of Engineering and Applied Science who are also Tau Beta Pi members were installed as chapter advisers: Doug Coffin (paper and chemical engineering), Scott Campbell (computer science and systems analysis), Jeffrey Herdtner (electrical and computer engineering) and Carter Hamilton (mechanical and manufacturing engineering).
Newly installed student members are Steven Boehmer, Brendan Buholzer, Jason Hardesy, Robert Gardner, Christopher Hopkins, Derek Podboy, Ryan Reinke, Timothy Windholtz and Cody Yarletts, all mechanical engineering majors; Evan Briggs, Whitney Britton, Katy Lysaght and Kari Noble, chemical engineering majors; Thomas Burg, Gregory Shendel and Matthew Lucchetti manufacturing engineering and engineering management majors; Robert Graessle, computer engineering; and David Vanderburgh, electrical engineering.
Tau Beta Pi was founded in 1885; there are 234 collegiate chapters across the country.
I knew through my Granddaughter about the Honor way before u posted about it u just jogged my memory .