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

To: Kramer38 who wrote (3483)	9/9/2013 8:54:04 PM
From: Billy Bilgewasser	1 Recommendation Recommended By positiveenergy18 Respond to of 3620

"I think you are mistaken that ATP had a big month in July." Thanks for responding. Revenues (accrual basis) went from $39.7 million in March, to $50.1 million in April, then $27.7 million in May, and plummeted to $18.1 million in June. Looks like an awful trend to say the least. Then BOOM, accrual revenues jumped to $40.2 million in July. What the heck is going on? Can't these guys do a clean sales cutoff? So I agree that July may have looked better than reality, but I'm betting that it had more to do with reporting revenues in July that really should have been shown in June than any other reason. Sheesh! I hope we (and the judge) see the August numbers before he agrees to the sale.

To: Kramer38 who wrote (3483)	9/9/2013 9:05:46 PM
From: Billy Bilgewasser	1 Recommendation Recommended By positiveenergy18 Respond to of 3620

" The buyer, presumably staffed by primarily former ATP personnel, will run the company and operate the assets." I'm with you on that, assuming the sale is approved. I'm really wondering what happens to the selling debtor. In other words, whether a trustee will be appointed by the court to collect the table scraps, pay administrative claims, press for some kind of a recovery settlement from BP, and eventually turn out the lights. With the bonds selling at 0.5 (that is, $5.00 per $1,000 bond), even a small recovery beyond the DIP lenders' claims could be significant for us schleps who own the bonds.