DECLARATION OF GARY C. EVANS,
CHAIRMAN AND CHIEF EXECUTIVE OFFICER
OF MAGNUM HUNTER RESOURCES CORPORATION,
IN SUPPORT OF CONFIRMATION OF THE THIRD AMENDED
JOINT CHAPTER 11 PLAN OF REORGANIZATION OF MAGNUM
HUNTER RESOURCES CORPORATION AND ITS DEBTOR AFFILIATES
12. By October 2015, however, the Debtors still had not yet received a binding offer
for their EHH equity stake, and the marketing process was suspended. I believe there are two
primary reasons why a sale of EHH was never consummated. First, I understand that-----
from here on it is blacked out(redacted) why?
Notice of agenda for hearing on april 8, 2016, at 9:00 a.m.
(prevailing eastern time), before the honorable kevin gross at
the united states bankruptcy court for the district of
delaware, located at 824 north market street, 5th floor,
courtroom no.3, wilmington, delaware 19801
please note: this hearing has been canceled by the
court. All scheduled matters have been adjourned to
april 18, 2016 at 3:q0 p.m. (prevailing eastern time).
actually i do know the difference, just didn`t caught it, thanks you pompous a.h.
pathetic,laughing AT you,not with you. thiere, ok?
in same paragraph as above
"The Plan also contains other releases and exculpations, and certain
provisions relating to severance and other compensation, that are contrary to applicable
so it sounds like they ARE trying to pull a fast one and get paid. in my opinion.
haven`t read the whole thing yet but right off the bat this,
"1. The Debtors’ Plan is not confirmable because it contains non-consensual
third party releases deemed to be given by all of the current and former equity holders of
the Debtor Magnum Hunter Resources Corporation (“MHRC”),"
so i`m releasing them without being asked. wow, how nice of them.
too many odd things going on with mhrcq. even i can see it.
i bought shares in washington mutual during there BK. not selling mhrcq even if i could. good luck.
1)don't forget the new guy they hired that was suppose to help in the sale or JV
2)the news release about the record throughput of the pipeline and
3)the announcement of bankruptcy right after the pipeline news release
this is the part that p--ed me off the most and yes they did want to rush it through the courts.
"In a separate objection, unsecured creditors added that it is too late in the game for shareholders to launch a new battle. They urged the court not to risk Magnum Hunter's restructuring plan "merely to address the fanciful hopes of equity holders who have, tragically, suffered significant economic losses." "
Magnum Hunter Resources to Delay Bankruptcy Exit
3 days 23 hours 6 minutes ago - DJNF
By Jacqueline Palank
Magnum Hunter Resources Corp. (MHRCQ) is delaying its exit from bankruptcy as shareholders argue they shouldn't be left empty-handed in the restructuring.
Judge Kevin Gross of the U.S. Bankruptcy Court in Wilmington, Del., on Monday agreed to push back Thursday's scheduled hearing on the oil and gas producer's restructuring plan until April 8. At the new hearing date, the judge will also review shareholders' request for representation in the bankruptcy case.