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


To: billgatesisevil who wrote (2947)4/5/2013 1:47:30 AM
From: mrpanick1 Recommendation  Read Replies (1) | Respond to of 3620
 
Could this be a situation where "bad news" is "good news"? If the cross links between the ORRI and NPI's on diffrerent leases prevent favorable bids, might this not force the DIP to keep ATPG somewhat intact to realize more value than the auction process? As a bondholder I see more potential recovery if the company is allowed to keep assets for longer than if they are quickly auctioned off for enough to pay the DIP and nothing else.