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

To: mrpanick who wrote (461)	9/5/2012 10:46:54 PM
From: alertmeipp	Respond to of 3620

Make sense for a quick trade (the risk is obvious), otherwise, pfd is better one to hold thru out the BK.

To: mrpanick who wrote (461)	9/6/2012 10:58:54 AM
From: thatsnotluck	Read Replies (2) \| Respond to of 3620

an interesting aspect of the 20 for one preferred to common thing... they do not have enough authorized shares to actually honor the provision in its entirety. i had noticed before that they had a portion of the preferred listed as temporary equity, but did not (and still probably do not) understand exactly why that is. however, if i look at the portion they list as equity, assume that converts at 20 to 1, and allow for a little bit reserved for stock options and the 50-odd million shares of common out, i get pretty close to the 100 million shares authorized. so what happens, theoretically (i assume it will not actually happen), if all 3+ million of preferred exercises their option and asks for 20 shares of common? there are not 60+ million of authorized but unissued common available.