Well since you like bashing a stock you own, let me tell you what happens to GRH after earnings, the NYSE will delist GRH due to such a low price just like MHR, you go on the OTC like MHR did and MHR is now barely 3 cents. This stock has only been over a dollar once 6 months ago, so we will see come Monday
But its ok for you to post and bash MHR? I am not bashing this company only showing news that may affect investors here,,,,,,,,,,,,,,,,,,,,,,,,,,, micro00 • Nov 10, 2015 12:46 PM
he had his chance to sell the whole pipeline, pay down debt even issue equity to redeem the preferreds last year but he was too greedy and didnt think the market was smarter than him when everyone told him to reduce his leverage. AXAS did that after an activist got involved so they'll survive. Too arrogant
Hello Boston, i am not long or short this stock, it could go to a penny and i wont buy, not after how Gary ran MHR, i only came here to show you the news for you investors to decide, good luck, and i hope this one goes up for you
Mike i just got some UWTI at 8.24, this big drop is probably baked in for tomorrows report, if EIA beats oil could jump nicely
You will be the only person sitting around thinking the markets are open,,,,,,,, Veteran's Day - November 11, 2015 Closed
I am only showing the news that came out for MHR, which could affect your investment here if GRH is the company MHR uses,, Further, the majority owner of a pipeline owned in part by Magnum Hunter has sent the company a demand notice for $20.8 million for past-due gas gathering fees. MSI, the infrastructure arm of Morgan Stanley and majority owner of the Eureka Hunter pipeline, wants payment assurance from Magnum Hunter by Tuesday, Nov. 10. If not, it says it will suspend its gas-gathering agreement with Magnum Hunter. If it doesn't get assurance by Nov. 20, it will kill the agreement.
That means that a pipeline in which Magnum Hunter is a large owner would no longer transport its oil and gas.
It's the same pipeline system the company is trying to sell for hundreds of millions of dollars to help with its liquidity, a deal that the company has said it is close to finishing.
"The company does not expect that it will be able to provide such adequate assurance of performance by the specified deadline," Magnum Hunter said, and it's working on a forbearance agreement with MSI.
If it doesn't reach an agreement, some Magnum Hunter wells would be shut-in, meaning production is cut off.
If no payment is made by November 12 of an agreement to pay by the 20th then MHR cannot use the gathering pipelines that MSI bought off them, that means MHR has to shut down the wells, if you need me to paste the information i can
I own the preferred shares, i rather see a buyout then trust Gary with this company, you can believe in Gary, as i have stated the commons are to risky due to a strong possibility of a reverse split. Sounds like you are in at a high price not me, and something is better then nothing
A halt might of not been a bad ideal since people were in panic. Gary and the board might be making 2 announcements at one time. First a reverse split to meet NYSE rules which i know common share holders might not like, then they announce the sale of the pipeline which will calm everyone down. Another solution is a buyout, 25 cents a share for commons is a cost of 70 million with the extra shares they been selling, and 10 cents on the dollar for the preferred shares and getting preferred shares at 10 cents on the dollar wipes out a lot of debt on the books, all this can be done at a cheaper price then what Gary wants for the pipeline, and the new company makes out great, good luck everyone
Since he owns that company with 17 million shares ask him if the disposal business will be bad if he has to shut down wells in his MHR business, would be interesting for investors over there to know what he has to say,,,,,,,,, GRAPEVINE, Texas, Nov. 10, 2015 (GLOBE NEWSWIRE) -- GreenHunter Resources, Inc. (NYSE MKT:GRH) (NYSE MKT:GRH.PC), a diversified water resource, waste management, environmental services, and hydrocarbon marketing company specializing in the unconventional oil and natural gas shale resource plays, announced today that it will host a conference call on Monday, November 16, 2015, at 9:00 a.m. CST, to discuss its quarter and nine months ended September 30, 2015 financial and operating results. The Company will issue a press release announcing these financial and operating results before the U.S. financial markets open on the morning of the conference call. On the conference call, senior management will discuss these financial and operating results as well as other corporate related matters. During the conference call, following the Company’s presentation, the Company will allow for a brief Q & A session with equity research analysts.
Individuals who would like to participate should call (866) 348-0480 (Conference ID: 74233577) approximately 15 minutes before the scheduled conference call time.