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ofirm

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ofirm

Re: 56Chevy post# 1151

Friday, 09/07/2012 11:01:59 PM

Friday, September 07, 2012 11:01:59 PM

Post# of 2577
You are missing the fact that atp will need liquidity to accomplish finishing their projects and start generating cash. dip is a very expensive form of financing. if shimshon evolves to the potential 2.4 tcf (20% chance of that... probably 50%+ chance of 1 tcf), the development will be worth much more. the only problem is that at that point the immidiate dip cash injection will make both common and unsecured worthless. cash right now can still save the recoveries for unsecured and equity.
later on it will belong to someone else anyway.
just a thought.
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