ATPG Senior 11.875% 2nd Lien Bonds (fka ATPG.GE)

[TheProfit]

“Barely three months after the debtor commenced this case claiming that the company suffered from a mere liquidity hiccup, we are now told that the debtor’s reserves are valued drastically less than what the debtor has previously reported publicly and that, now, the only way forward is a fire-sale liquidation to satisfy the demands of the DIP lenders. It doesn’t add up.”

Thats for sure...very interested to see how this all plays out in the next few months-years...