you gave Jon way too much time to grow this company, get this company sold or get the board to find someone who can actually grow this company. Its gone nowhere but down for 5 years.
Hearing that Gary's going around trying to raise money to buy more assets. So who in their right mind would give him money after he screwed so many common and preferred shareholders? Guess he dont care, rip off old shareholders and start all over. Either way, its good for GRH.
But debt holders can force chapter 11, covert debt to equity, and then our stock is worthless. So hopefully they'll let mgt run the company as public entity.
Delisting shouldnt be a suprise. Either debt covenants are waived and the holders allow the company to continue to operate to turn a profit or they file Chapter 11 and debt holders take control of company and liquidate. Nothing there to liquidate so I'm assuming they let mgt try to fix the company but will they force chapter 11?
Judge allowed full $200 million of financing to be used for operations. DJ Newswire 1/12/16
Gary will pump business to GRH since he owns most of it. Got to keep his and his kids investment going.
Today is the day to register its Boston TV station for the FCC auction. There are certain restrictions by the FCC prohibiting stations from discussing their decisions and if we don’t hear an announcement in the next few days we will likely have to wait for Q4 results.
only thing I saw today was MHR getting $20 mil and setting BK court date for Feb. Guess if they get wells opened up and more flowing, it'll be good for GRH as they'll get money owed and new business to fill up capacity.
if they can keep cash burn to $2-3 mil in Q4 and Q1, than turn cash flow positive, they wont need to raise cash and the stock will go higher. Mgt stated on last call they dont need to but so far stock is telling you
investors dont believe. Good to see they're closing underperforming stores.
wouldn't matter if true as they're running at about 70% capacity (from last conf call) so just shift water to other underutilized wells.
cubic energy hits speed bump on first day in bankruptcy court
Judge challenged plan as not all debtors were included in plan....might be hope for preferred if someone can get infront of judge.....
positive ebitda last qtr now more business from MHR coming. He's giving them $2 mil backstop for loan provision this qtr. Dont think he wants to BK his and his kids ownership and get nothing in return as GRH has no pipeline, acreage or other stuff Gary can steal from shareholders. Anyways its .10 not $1 and I already assume they'll go to OTC. Just like Vegas with Gary.
He owns 21.7 miilion shares out of 42mil ( Includes 10,167,100 shares held directly by Investment Hunter, LLC, 4,000,000 shares held directly by Evans Equities LP, and 15,800 shares held as custodian for his children. It also includes 8,888 common stock purchase warrants at an exercise price of $2.25, 107,142 common stock purchase warrants at an exercise price of $0.01, 352,000 common stock purchase options at an exercise price of $18.91 per share, 1,000,000 common stock purchase options at an exercise price of $1.96, 1,000,000 common stock purchase options at an exercise price of $.90, 850,000 common stock purchase options at an exercise price of $1.65, 333,333 common stock purchase options at an exercise price of $1.15 and 400,000 common stock purchase options at an exercise price of $0.98. Gary C. Evans is the manager of Investment Hunter, LLC and the general partner of Evans Equities LP and his children are the beneficial owners of each)
All about Gary...wasnt gonna make money in BK MHR so get financing to kill MHR holders, keep his preciuos pipeline and now pump new business to GRH