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GMXR announced it would sell pipeline assets to KMP for $40 million. In the end KMP
only paid $36 million and the banks then reduced GMXR's credit line by $25 million. In short, it didn't turn out to be as much of a positive event as some had anticipated. GMXR then announced it would make a secondary offering for 5.75 million shares. Instead, they made the offering for 6.95 million shares. They priced the offering at $15.00. After broker commissions GMXR only received $14.25 per share. This was GMXR's 2nd secondary offering in 5 months. Morningstar has reduced it's value estimates on GMXR 3 times recently including yesterday when they reduced their Consider Buying price to $8.80. These are just some facts that concern me because muli-million dollar discrepancies are a lot for a small cap company. It's only fair to note that Morningstar seems to view most of the market as overvalued right now. These boards are for sharing information and opinions to help each other make informed decisions. Unfortunately a few people feel that if you're not pumping you must be bashing and a few actually believe our posts are changing the share price. I guess Mr. Rusty and one of his other user names like Stockgirl will resume calling me names and a paid basher now. Rating :
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| Subject | Author | Rating | Time of Post (ET) | ||
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Ever Changing GMXR Numbers
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susie_q172 | (2 Ratings) | 27-Oct-09 08:56 am | ||
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If you won't bash GMXR; I will. GMXR is estimated ...
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wilkes71 | (1 Rating) | 27-Oct-09 12:06 pm | ||
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You sure have had a change of heart. You ridi...
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slvnws | Rate it | 27-Oct-09 01:02 pm | ||
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Please forgive me. I am an old man and d...
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wilkes71 | Rate it | 27-Oct-09 03:51 pm | ||
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I understand, believe me. I'm no pu...
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slvnws | Rate it | 27-Oct-09 04:36 pm | ||
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I agree. It doesn't matter what the...
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duckhead549... | Rate it | 2-Nov-09 04:35 pm | ||
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We have a great many people wh...
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slvnws | Rate it | 3-Nov-09 08:14 am | ||
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slvnws for president.
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biffiesbrot... | Rate it | 3-Nov-09 03:34 pm |
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