Atlas Resource Partners (fka ARPJQ)

[Congo Mining]

***LONG-$410,000 FACE OF UNSECURED 2021 SENIOR NOTES 7.75% ***

POSITION PURCHASED AT $113.0 PER $1000

OR 11.3 CENTS ON THE DOLLAR OF FACE VALUE.


On August 7th I voted to approve the restructuring agreement. Approving converting my 410,000 face value into new equity.

I will own approximately 1/1,500 of the new company.

the notes are still trading cheap!!!

this company once had a market cap of nearly 3 billion.


http://phx.corporate-ir.net/phoenix.zhtml?c=251151&p=irol-newsArticle&ID=2187744

"Senior Notes – holders of the Senior Notes will receive 90% of the common equity interests of the restructured company upon consummation of the Restructuring Plan in exchange for all amounts owed under the Senior Notes."