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Gold/Mining/Energy : ATPG Shareholders
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To: Kramer38 who wrote (2973)4/16/2013 10:22:40 PM
From: Billy Bilgewasser1 Recommendation  Read Replies (1) of 3620
 
If the auction nets at least $1B, it will be enough to pay off the DIP loan and about 25 cents on the dollar on the bonds. My guess is that the auction fetches a lot more than $1B. And yet, the bonds are still trading at <7. Where's the market's disconnect between price and value on the bonds? (FWIW, I bought a few more bonds today at 6.22.)
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