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

[TheProfit]

Hi Romang, I listened into some of todays hearing. Most importnat part of the day was on the fact that The judge was upset at the proposed lending rate for the $142mil from the DIP, he said it was around 600% rate of return and asked why the debtor would except this. The Big problem is ATP will be out of money this Friday unless new emergency funding is injected. It wasnt 100% clear if ATP didnt get any other funding options proposed to them or if they just havent had time to find any other options at this pt. But, at this pt, the judge said this would only benefit the DIP party, said he wasnt upset at the DIP for asking for these terms, and he said he prob(might not) wouldnt approve this funding and wants to have another hearing on this Thursday, even suggested that maybe its time to get a proposal on shutting in the wells, if every other option has been exhausted...time to put up or shut up basically for ALL PARTIES INVOLVED IMHO