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

To: tmkay who wrote (111)	8/28/2012 12:33:29 AM
From: kollmhn	Respond to of 3620

Yep, I admit I am a downer, unless, of course, the listener is not long ATPG paper. "Oil is going up and this hasnt been factored in." Sorry, tmkay, I didn't get that message. Who sent it to you? Even if that were to be true why do you claim it hasn't been factored in? Doesn't 26 on the bonds; 1.75 on the preferreds and $.30 on the common tell you it HAS been factored in? What more do you need to get THAT message? I think there's too much denial floating around.

To: tmkay who wrote (111)	8/28/2012 4:37:10 AM
From: RalphR	Read Replies (1) \| Respond to of 3620

I've held different levels of debt/equity in these kind of deals. Usually the rules don't count as much as the players with the power. If it's true that there is value in the common, why not hedge your bet and go up the debt ladder? If equity gets value, shouldn't the preferred get more? And shouldn't those bonds trading at 26 now get par plus interest? I'm not knocking your strategy and given the available data, can't predict if the common will get anything. But it seems sure that if common gets something, debt gets more. Rather than fighting or name calling the debt, why not buy some to hedge your common? Debt is not bad any more than rocks are bad.