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Gold/Mining/Energy : ATPG Shareholders

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To: silkscreen12 who wrote (301)	9/2/2012 2:24:50 PM
From: mrpanick	Read Replies (2) of 3620

ATP owns the subsidiary, but it's not in bankruptcy. The UK sub could borrow money at the subsidiary level and ATP's ownership of the subsidiary equity would be structurally subordinated to that debt. I'm not sure what you mean by "restricted subsidiary"? Does it's corporate charter restrict it from borrowing or finding a joint venture partner to complete a project? Why would ATP go to the trouble to put out a press release saying that the UK subsidiary was not part of the bankruptcy if they didn't have some ideas in the works?

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