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


To: Billy Bilgewasser who wrote (3250)5/21/2013 8:30:58 AM
From: Roman Gelsi1 Recommendation  Respond to of 3620
 
please send concerns the the judge via a letter it only cost a stamp

the equity commitie was formed the same way by people writing in to the court



To: Billy Bilgewasser who wrote (3250)5/21/2013 9:02:26 AM
From: Positron1 Recommendation  Respond to of 3620
 
>At this point, it looks like the only chance that anybody below the DIP level has (other than management)
>is dependent on the the judge determining that the the APA price is inadequate. That conclusion will
>take a set of brass cajones on his part.

that's certainly the first big hurdle to see any sort of recovery for us 2nd lien bagholders. i think there have been some good arguments why this is certainly possible.

the second thing we need is restructuring or subordination of the ORRI/NPI. ATP paid them $30+ million of this month's $37 million in revenue... a total of $145 million out of $263 million in revenue since the filing date.

without both of these, i doubt anyone else sees a penny. not much to do now but wait. i'm not optimistic.

in retrospect, i should've listened more carefully to silkscreen, who clearly knew this company's history of underperformance and its "assets" better than anyone else. expensive tuition for me.