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Gold/Mining/Energy : ATPG Shareholders -- Ignore unavailable to you. Want to Upgrade?

To: tmkay who wrote (95)	8/27/2012 2:13:32 PM
From: tmkay	Respond to of 3620

From judgeplzdontcrushme: Thats fantastic you know someone who has dealt with these situations. Its a start. Ask your friend George if he can join this board. (gordiangroup). Also you being a director of a company who hired gordiangroup is very helpful. Can you lend advice for all of us? I hope you can help us all out. George of Gordiangroup represented investors in bankruptcy cases. The poster judgeplzdontcrushme posted this on the ATPG yahoo finance msg board but I dont have any more info than this.

To: tmkay who wrote (95)	8/27/2012 4:19:19 PM
From: kollmhn	1 Recommendation Read Replies (3) \| Respond to of 3620

tmkay- I hate to be a downer but, I'm of the opinion the an EC will NOT be sanctioned by the court. Why? Because the equity has no value and should not expect any recovery. That being the case, it would be unreasonable for the estate (ATPG) to pay the costs of the EC which in turn would reduce what is left for the creditors. $1.5 BILLION worth of bonds have already been discounted to 26 cents on the dollar. Clearly, this puts everything below it into even deeper deficiency. The preferreds (which are senior to the common) are trading at less than 2 CENTS on the dollar. The market attributes extremely low odds to a recovery for even this class. How, then, can there be a prayer that the court will conclude that the common is entitled to any recovery, whatsoever?