Replies to post #91 on ATPG Senior 11.875% 2nd Lien Bonds (fka ATPG.GE)

[TheProfit]

Yeah, I posted this on the atp board the other day, any thought?

[cpaok1]

Thanks for the link to the upcoming 1/24/13 hearing. Sadly, this looks like the ship is sinking, even for the #1.5 billion 2nd Lien holders (so-called "secured" creditors). The market is pricing the the 2nd Lien Bonds at the LOWEST price that the market has even seen. Looks like the DIP lenders can steal the shelf assets & equipment. Word of this forced sale will only result in interested bidders "hanging back" with their money. I think the 3% kicker/commission is a good idea to encourage REAL bidding at auction. Luck to all.