ATP Oil & Gas Pref Shares fka ATPGQ

[eddy2]

It works like so. Insiders add more debt so as to buy low and sell high cause you know the asset has depreciated to were there is no value due to lost earnings cause of assets that are no longer productive.


A pipe at the bottom of the sea with nothing running through it is worth little to anyone until something runs through it again so they turn of the tap add more debt that came from there own pockets after loaning the stock to the company to sell and then creating a debt as well as lowering the strike price S1 but they don't stop there they then forward split the shares again lowering the strike price were they end up selling billions and billions of shares giving them selves what they like to call back wages due and again lowing the strike price and sell billions of shares on the debt they are putting into the business.


Now because debt payment comes before equity payment they walk of with the cheap assets and then turn around and start running oil back through them with further servicing of the wells in question.


This can be done also by retiring equipment ect. The business are not healthy when you don't have the capital to replace worn out equipment or when you can turn off a tap.


Sure you have legislation that says the court can go back and collect should the equipment or service that can create a profit but that is good for five years and that is not long enough cause after five years the courts can't do a thing should they find use for the asset mentioned.


Now someone could come along and buy the assets from the courts but heck if you don't know what is happening or have the funds to do so chances are slim you will get anything back in return from a sale of the asset in question cause who knows what kind of shape it will be in.


Control is what you need and that is taking what ever up side you see and grab it when you can.