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

To: petro1 who wrote (3364)	6/18/2013 12:10:14 PM
From: silkscreen12	2 Recommendations Recommended By greatpricepearl rickhammer Respond to of 3620

They are throwing you a bone, but there is very little meat on it. Equity has no hope of any recovery. The bonds have almost no hope of recovery, but what little they have depends firstly on rejection of the proposed asset sale and secondly on over-delivery from the Clipper wells. Meanwhile the DIP is concerned about the motivations behind management's decision-making. They specifically mention CRO James Latimer and the payment of lease operating expenses at Gomez. One should note that both the CRO and the recently appointed General Manager both have past associations with NGPC, an ORRI holder which stands to lose a great deal of money from the abandonment of Gomez and the DIP's refusal to include it in the purchased assets. bdcreporter.com P.S. Nothing written here, positive or negative, will have the slightest effect on the final outcome. You folks don't seem to realize that. I read your letter, Jim. Very sad business.