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Gold/Mining/Energy : ATPG Shareholders
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To: kollmhn who wrote (97)8/27/2012 5:18:22 PM
From: mrpanick  Read Replies (2) of 3620
 
They reported assets within 100 mil of debt. Bear in mind that the company will normally try to inflate debt and deflate assets to make it appear that there is no equity. What happens if oil goes up in price if Iran attacks? Can anyone really say that the equity is far out of the money. What about the UK assets that were not included in the filing?

There is ample justification for an EC and any good bankruptcy lawyer would be able to make a strong argument in court.
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