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Gold/Mining/Energy : ATPG Shareholders
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From: Roman Gelsi5/9/2013 12:21:43 PM
5 Recommendations  Read Replies (2) of 3620
 
just got done with the hearing DIP did get the clipper, titan ,bp claims as chevy said, uk etc etc etc. Basically management is run by the DIP lenders so they can then get future jobs with the new Dip company.

looks like the judge wants a plan and disclosure statement to go along with the sale.

unsecured creditors commitie are working with the debters and Dip lenders to resolve there objections. I don't see how they see one cent unless 2nd liens get paid in full without violating the absolute priority rule... they also mention valuation at the hearing the creditors commitie

does anyone have a idea if the cash coming in from clipper etc goes to the estate or does the dip also take this. im wondering because the sale could take a few months to complete

Also the Judge is a fair man....
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