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: Positron who wrote (3108)	5/7/2013 3:09:16 PM
From: BuckeyeOil	Respond to of 3620

Probably due to feeling bids will be rejected ....Wait for next Clipper well....Make deals now with ORRI for sure and others....Then see what BP brings while cash-flowing.......Plenty of time now.....

To: Positron who wrote (3108)	5/7/2013 3:10:05 PM
From: BuckeyeOil	Respond to of 3620

Probably due to feeling bids will be rejected ....Wait for next Clipper well....Make deals now with ORRI for sure and others....Then see what BP brings while cash-flowing.......Plenty of time now.....

To: Positron who wrote (3108)	5/7/2013 3:15:38 PM
From: silkscreen12	Read Replies (1) \| Respond to of 3620

Yeah, and there's a lot to read, too. The newco term sheet is interesting. Looks like they're going to have a real go at this business. Brave boys! I wonder who they'll appoint as OpCo CEO? Like all never-ending sagas, this one never ends.

To: Positron who wrote (3108)	5/7/2013 3:18:58 PM
From: alertmeipp	Respond to of 3620

ppl are not throwing in the towels yet..

To: Positron who wrote (3108)	5/7/2013 5:19:04 PM
From: Billy Bilgewasser	2 Recommendations Read Replies (1) \| Respond to of 3620

Am I correct that none of the four designated bidders even submitted a bid for more than $690 million? Sheesh! If this sale to CS is for real, my guess is that objections by the creditor committee will follow. They would be the basis for rejection of the sale by the Court. What's interesting is the 10 percent management bone for no consideration, as described in the term sheet. That's typical. The senior most claimants try to make a pact with management to screw everybody else. Who sees it differently?