Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: rickhammer who wrote (2988)	4/18/2013 7:05:36 PM
From: Kramer38	3 Recommendations Read Replies (1) \| Respond to of 3620

Rick, Complex finance and Bankruptcy is not my strong suit, but one thing is for sure, the DIP guys cant operate these properties. They could possibly hire someone else to do it for a while, but not long term. I could envision a scenario where the DIP gets the properties and works out a deal for ATP to operate them under a newly re-organized company, free of most of its current debt. Of course current shareholders would get nothing, and the majority of the stock in the reorganized company would go to the DIP guys. One thing to keep in mind is that with the DIP trading below par, the DIP has a huge advantage over other bidders by being able to bid with credits rather than cash. I realize this scenario is pretty far-fetched, however it could be possible. It will be interesting to see if any other bidders show up. According to the court approved bidding procedures, the names of qualified bidders have to be posted on the KCC website by tomorrow.