ATPG Shareholders Message Board

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Gold/Mining/Energy : ATPG Shareholders

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To: Billy Bilgewasser who wrote (3250)	5/21/2013 9:02:26 AM
From: Positron	1 Recommendation of 3620

>At this point, it looks like the only chance that anybody below the DIP level has (other than management) >is dependent on the the judge determining that the the APA price is inadequate. That conclusion will >take a set of brass cajones on his part. that's certainly the first big hurdle to see any sort of recovery for us 2nd lien bagholders. i think there have been some good arguments why this is certainly possible. the second thing we need is restructuring or subordination of the ORRI/NPI. ATP paid them $30+ million of this month's $37 million in revenue... a total of $145 million out of $263 million in revenue since the filing date. without both of these, i doubt anyone else sees a penny. not much to do now but wait. i'm not optimistic. in retrospect, i should've listened more carefully to silkscreen, who clearly knew this company's history of underperformance and its "assets" better than anyone else. expensive tuition for me.

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