CRK closes week, weak
Posted: Fri Mar 15, 2024 3:13 pm
Back to a 7 handle. I'm amazed how well it's holding up
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Re: CRK closes week, weak
Posted: Fri Mar 15, 2024 8:47 pm
Jerry Jones has VERY DEEP pockets.
Re: CRK closes week, weak
Posted: Wed Mar 20, 2024 11:00 pm
Comstock Resources (NYSE:CRK) said its majority shareholder, Jerry Jones, has agreed to make an additional $100.5M equity investment in the company through two entities he controls.
The company said, the Jones entities will acquire 12.5M shares in the private placement at $8.036 per share.
After the equity investment, Jerry Jones will own ~67% of the company’s common shares outstanding.
The company said, the Jones entities will acquire 12.5M shares in the private placement at $8.036 per share.
After the equity investment, Jerry Jones will own ~67% of the company’s common shares outstanding.
Re: CRK closes week, weak
Posted: Thu Mar 21, 2024 9:54 am
WTF, no wonder it's up!
One worry was JJ would screw minority holders.
This means CRK needs the cash and JJ put up 100 m. that covers the cash burn for q1 and congrats longs, you are diluted
Shouldn't they offer the special deal to all holders, just saying
One good thing, the loss per share will be lower with more shares outstanding!
One worry was JJ would screw minority holders.
This means CRK needs the cash and JJ put up 100 m. that covers the cash burn for q1 and congrats longs, you are diluted
Shouldn't they offer the special deal to all holders, just saying
One good thing, the loss per share will be lower with more shares outstanding!
Re: CRK closes week, weak
Posted: Thu Mar 21, 2024 12:22 pm
The next thing coming is tender for minority shares at $8.25 per share.
Re: CRK closes week, weak
Posted: Thu Mar 21, 2024 6:06 pm
have been in it for awhile and stupidly did not sell. guess jerry jones is no better in og industry than getting cowboys to super bowl.
Re: CRK closes week, weak
Posted: Thu Mar 21, 2024 9:27 pm
Lbark, that's a good one! 