Gulfmark Offshore New (delisted) (GLF)

Well it didn't take them long to file a 98 million dollar offering. It may be time for the pps to adjust with the flood of new shares coming down the road.

That's roughly 3.3 million new shares and as the pps drops the share count will increase.

The warrants are also listed on NYSE GLF/WS

whats the ticker for the Warrant

GLFW?

7 year warrants will become more valuable as the commons rise in price.

Warrants
In accordance with the Plan, the Company issued Warrants to the holders of the Interests (as defined in the Plan), totaling 810,811 Warrants outstanding, exercisable
until November 14, 2024, to purchase up to an aggregate of 810,811 shares of Common Stock at an initial exercise price of $100.00 per share, subject to adjustment as provided
in the Warrant Agreement. All unexercised Warrants shall expire, and the rights of the Warrantholder to purchase share of Common Stock shall terminate on November 14, 2024
at 5:00 p.m., New York City time, which is the 7th anniversary of the Effective Date.

Small float... 7milllion shares issued and 801, 000 warrants.

Being fresh out of BK the new shares are not widely held, this could see $50 - $70 if they don't dump into the increased pps.

Old equity got very little in new equity so its pretty much all insiders and note holders moving this up.

JMO

This is unreal ! Y this is up like crazy ??

so much gain on low volume.. and it held pretty well.. hmmm monday will be interesting here

The warrants ran almost 10K percent today

Feeling like I won a little lotto...next could be Seadrill...

Good golly Miss Molly!!!!!

I am out...made pretty dm good I must say...lol

wth is this thing really up 350%??

Looks like I may see that $50 per share.

The Warrants are on fire today and should close well over a dollar... 2 days ago they were .0083 but volume is very tight and the selling appears to be insiders running it up with tiny trades.

The warrants are what I'm bidding on.

If GLF gets to $50 a share I can be green again.... Don't think its gonna be this Christmas.

GLF/WS is the warrants they issued existing equity holders.

GLF is the new equity Symbol

GLFMQ: Shares Cancelled. Holders of Existing Equity will receive 0.00271233 shares of new common stock & 0.00293167 New Existing Equity Warrants for each share of existing equity.

FINRA deleted symbol:

http://otce.finra.org/DLDeletions

GLFM: effective May 18,2017 GLFM will change to GLFMQ, bankruptcy:

http://otce.finra.org/DLSymbolNameChanges

Amazing?

Amazing news out: GLFM is going to file Bankruptcy (Chapter 11) before May 21:

"The restructuring will be implemented through a voluntary chapter 11 bankruptcy filing of the Company on or before May 21, 2017."

GLFM, 10-Q out, Loss: $124 Million for the 3 months, Vast! Bankruptcy any time!

GLFM - NEWS .

sorry new to some of the language...what does "Now up listed on NYSE" mean?

GLFM - Now up listed on NEW YORK STOCK EXCHANGE - NYSE (GLF).
GO GLF!!!

Oh, it has 1 week for trading. Thanks for the info.

Yep: GLFM: the Company filed an 8K that the bondholders and the bank creditors agreed to waive the default for 2 weeks (through April 28) to complete negotiations on a restructuring - so I would calendar April 28 for more news. Moodys values the collateral in a liquidation "fire sale" to be worth only 50% of the total debt and 35% of the senior bonds; S&P latest that I have seen (November 2016) estimates more like 70-85% recovery for bondholders. Either way, looks like there will only be crumbs left at best for the common shareholders.

"restructuring" is Chapter 11 or Bankruptcy!

Worsely, Moody's estimate : Liquidation ! or Chapter 7!

GLFM - Do you have hard fact that they are reporting BK.
Where do you find this information if the company themselves have NOT put through a PR.

GLFM, going to file Bankruptcy any time now:

GulfMark Offshore, Inc. -- Moody's appends limited default (LD) designation to GulfMark's PDR

Moody's Moody'sApril 17, 2017
Rating Action: Moody's appends limited default designation to GulfMark's PDR. Global Credit Research- 17 Apr 2017. Approximately $430 million of rated debt affected.

GLFM, Bloomberg is reporting a pre-packaged Chapter 11 reorganization is near - I suspect it will coincide with the expiration of the April 14 grace period on the bonds or soon thereafter.

GLFM, funds/institutional are buying cheap shares as they've been holding it since $7.38, Big bouncing coming!

GLFM - We are rebounding UP UP UP.
Go GLFM!!!!

GLFM was delisted from NYSE Apr 11. It was high as $7.38. O/S: 26 m (extremely low). Big bouncing coming.

GLF(M), 52 week high: $7.38, now $0.23 ?

GLFM, Bankruptcy any time now with Vast debts: News:

GulfMark Offshore, Inc. -- Moody's appends limited default (LD) designation to GulfMark's PDR

Moody's Moody'sApril 17, 2017
Rating Action: Moody's appends limited default designation to GulfMark's PDR. Global Credit Research- 17 Apr 2017. Approximately $430 million of rated debt affected.

GLF changed to GLFM. Delisted from the NYSE to the OTC:

http://otce.finra.org/DLAdditions

GLF... .375...Oversold Pincher Chart...Downtrend broken...Macd crossing...Psar flipped to a bullish buy signal...27 million outstanding shares...

Back to 3-02-2017 price range.

That's how it's done, after hour and extended hours trading. Should get a gap in the morning, GLL

NEWS OUT AH. LINE OF CREDIT EXTENDED.

I need to get in before that happens...shorts will be toast

Yep, it's a tricky one but lots of support in the .35 range. I suspect, once they sort out the missed pmt with creditors, it will rocket. May have to hold it for a bit.

Man when this thing bottoms it's going to have a big move up! This thing is really good at going down till then.

Yep. SA is usually FOS. Bettin' this thing will rally.

GLF bullish 0.3050

grab some more because of shorting alpha
thanks









normal chart




log chart

Seeking Alpha says Chap 11 soon.

Gulfmark Offshore fails to make interest payment; shares -40%
Gulfmark Offshore (GLF -40.1%) discloses that it will not pay the $13.7M interest payment on its 6.375% senior notes due 2022 by today's due date; shares resume trading after a halt.
GLF says it will exercise the 30-day grace period for the payment.

Default on loan. Out at 40.

Halt at 12:27