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

[56Chevy]

It's true I don't want to start a false rumor or give false hopes. Let's just talk about a few possibilities ok.

The only reason I'm in this and started the ATPG.GE board is that I saw a 2019 had been filed and I posted it in Post #5 ...and when that group had some changes I posted those changes again in post #138. Here is a link to post # 138 below>

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=83725957

It has always been my thought that the Ad Hoc group (or individuals from that group) would be the most likely buyer(s) if the numbers worked.

I expected them to be bidders at the auction...and they weren't...but that doesn't mean they didn't or couldn't buy ATP another way.

Two (2) out of the eight (8) hedge funds owned 1st Lien DIP loans AND 2nd lien notes. It's possible these two Hedge funds (or more) made a deal with the DIP lender group to buy ATP after the DIP lenders bought it with a cashless credit bid. Most of the DIP lenders just want their money back asap and have no interest in taking over and running an oil company... but its very possible some did come here for control and their sole purpose for being here was to take over ATP.

So how could that help us 2nd lien holders? If you look at the numbers you'll see both of these hedge funds have large stakes in both the 1st lien and 2nd lien notes. There isn't anything that would have stopped them from negotiating with the DIP lenders to buy the company and coming out with a POR that gives 2nd Lien holders equity in newco.

We have 2 hedge funds that had a big influence on the DIP "team" and who also have a big influence and a stake in the 2nd lien holders future. I see motivation.

Could that happen? yes.

Will it? I don't know. All of those 2nd lien hedge fund guys have taken a bath (like everyone else here) and for all I know may have left the building a long time ago. For them it's just a loss of OPM (other peoples money). You win some ...and you lose some.

That's why I said we need to know who Opco is. And if it's who I hope it is then maybe the BP claim might be ours after all :~O

* Do not buy or sell on this discussion. It's just talk at this point. There's no way of knowing if any of this will happen guys.