Replies to post #345 on ATPG Senior 11.875% 2nd Lien Bonds (fka ATPG.GE)

[56Chevy]

Think of it this way - If I sold you some land that might or might not have oil on it ...and later you did find oil...who's oil is it?

It's yours...not mine. I didn't just sell you land, I also sold you my rights to any such future windfalls...(or pitfalls).

The Sale is "...free and clear of Liens, claims, encumbrances and other interests..."

The new owners step into the previous owners shoes...for better or for worse.