Post by
Rockafellow2 on Feb 27, 2024 3:38pm
Court will state new listing on
March 24th.
That's only 3 weeks away ... And covering amount to $20 billion US to 12 creditors ... Any buyers must register with US Treasury beforehand to qualify ... Only 5 suitors so far have done so.
That's good news ehh!!!
Imo
Comment by
Rockafellow2 on Feb 27, 2024 9:54pm
Yes! Bad news for GRZ that gets nothing from auction. Imo
Comment by
slappyjo on Feb 28, 2024 6:24am
I don't know how you can say GRZ gets nothing. Have you seen the bids? These are just preliminary. The number of bidders is "disappointing", not necessarily their bids. If you believe GRZ will get nothing, you should be VERY concerned that RML gets nothing either. You really think there will be enough money for RML and nothing after them?
Comment by
Rockafellow2 on Feb 28, 2024 7:48am
Your,er right, RML gets 1.8 billion and GRXz $0 because they r after 12th . Old listing up to 12 th doesnot change. That's what I read from reportings. Jmo
Comment by
RIDER1975 on Feb 28, 2024 1:21pm
Hi, the number of.BIDDERS is 12. Isnt it?
Comment by
Rockafellow2 on Feb 28, 2024 2:13pm
No! Only 6 at the moment but 5 r oil companies, one an investment house. Bolts active now ... Wait for compitulation before buying back in around 1 dollar .... Typical pull back. Jmo
Comment by
gerrybrian on Feb 28, 2024 6:32pm
How did it get from12 to6 Please i would like to know
Comment by
Rockafellow2 on Feb 28, 2024 9:06pm
Sloppy & Brian: read the last sentence of the report which names the six bidders, the others r ???.possible investor institutions that don't qualify. Read report carefully. Jmo
Comment by
Hopeful123 on Feb 29, 2024 8:38am
What is minimum bid needed. For us to get paid.
Comment by
slappyjo on Feb 29, 2024 10:44am
I think around $5.2 billion USD based on the published order of the attachments but that is not official. I believe the official order will be published near the end of March.