Aegean Marine Petroleum Network Inc (fka ANWWQ)

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behzadzorro Free

04/23/24 5:22 PM

Post #6,756

Re: #6,754: @Joemags - I received the same letter the other day

Did you call?
What was the answer?

behzadzorro Free

04/21/24 7:19 PM

Post #6,755

Re: #6,753: @Joemags - I received the same letter the other day

I got same Mail and it denied my claim too.
It looks they want to gave all litigation to lawyers.
Easy rubbery.

Joemags

04/18/24 7:45 PM

Post #6,754

Re: #6,752: @SparklingTrailblazer7 - I havent looked into this for quite some

I received the same letter the other day
Had to go out of town on business and left
the letter at home.
There is a phone number on the letter
I would like to call tomorrow
Could you please provide me with the number??
I really appreciate it.
Hopefully can get this cleared up.
Thanks again
Joe.

Joemags

04/18/24 7:45 PM

Post #6,753

Re: #6,752: @SparklingTrailblazer7 - I havent looked into this for quite some

SparklingTrailblazer7 Free

04/18/24 11:00 AM

Post #6,752

I havent looked into this for quite some time... I just received a letter stating my claim was rejected due to missing documentation. Unfortunately, I was using robinhood and, conveniently enough, several of the transaction documents are corrupt or inaccessible for some reason... support was also unable to get ahold of them.

I may be calling it here. This whole process is absurd.

JJZander

04/18/24 9:24 AM

Post #6,751

Re: #6,750: @girthdawg - I got mail saying my claim was partially

Lol

girthdawg

04/18/24 6:49 AM

Post #6,750

Re: #6,746: @Joemags - I’m gettting something in the mail tomorrow from

I got mail saying my claim was partially declined. They need more info on my purchasing transaction

behzadzorro Free

04/16/24 5:30 PM

Post #6,749

Re: #6,746: @Joemags - I’m gettting something in the mail tomorrow from

Sounds good
We are waiting

Joemags

04/16/24 12:27 PM

Post #6,748

Re: #6,745: @JJZander - Sweet! Another couple years is easy peasy lol

I Googled AB Data Ltd
It is a Class Action Administration Company
Located in Milwaukee WI
Probably nothing
Definitely not a check
I will report my findings as soon as I get home.

Rootjim

04/16/24 12:23 PM

Post #6,747

Re: #6,746: @Joemags - I’m gettting something in the mail tomorrow from

Interesting , do you think any us will also get mail or is there a particular reason for your mail? TIA

Joemags

04/15/24 9:28 PM

Post #6,746

I’m gettting something in the mail tomorrow from Aegean Marine Securities Litigation
C/O A.B. Data Ltd
PO Box 173088
Milwaukee WI 53217
Not sure what it could be
Never got anything in the mail from them
I’ll report back tomorrow when it arrives and I have the opportunity to open it.

JJZander

04/05/24 7:25 PM

Post #6,745

Re: #6,743: @jaymeh - There is only one way we will see

Sweet! Another couple years is easy peasy lol

behzadzorro Free

04/05/24 5:53 PM

Post #6,744

Re: #6,743: @jaymeh - There is only one way we will see

Apr/3/2026 ?!!

jaymeh

04/04/24 9:59 AM

Post #6,743

Re: #6,742: @JJZander - Let your grandkids know your account information.

There is only one way we will see something good happening for us at some point is by collectively coming forward and engaging an attorney (share the expenses) to object and stop any motion going forward that is intended to further extend the termination date of the litigation trust (18-13374).

Unfortunately the recent motion was considered by the US Bankruptcy Court Southern District of NY to extend the termination date to April 3, 2026 as there was no objection from anyone

JJZander

04/04/24 6:33 AM

Post #6,742

Re: #6,741: @Nisti - Hi to everyone...

Let your grandkids know your account information. You’ll never see this $ lol

Nisti

04/04/24 1:58 AM

Post #6,741

Hi to everyone...
I open this forum often, hoping to read something like...$x per share will be distributed to your account soon, but it is taking too long.

TopStockTiger Free

03/23/24 5:10 PM

Post #6,740

Yaya

Prudent Capitalist Free

03/04/24 12:48 PM

Post #6,739

Re: #6,738: @Grandmasim - LMFAOO

Contribute some emojis over there?

Grandmasim Free

03/04/24 12:39 PM

Post #6,738

Re: #6,737: @Prudent Capitalist - Hey, check this out!

LMFAOO

Prudent Capitalist Free

03/04/24 12:37 PM

Post #6,737

Re: #6,736: @Grandmasim - Of course not....

Hey, check this out!

https://investorshub.advfn.com/Wall-Street-Kid-35659

Grandmasim Free

03/04/24 10:39 AM

Post #6,736

Re: #6,733: @JJZander - We’ll never see $ in this lifetime lol

Of course not....

JJZander

02/27/24 6:23 AM

Post #6,735

Re: #6,734: @Joemags - I’m starting to feel the same way

Yep. And after all this waiting then we get nothing lol

Joemags

02/26/24 5:22 PM

Post #6,734

I’m starting to feel the same way
These m’fers have more tricks up their
sleeve than we can handle.
Felt like we were getting to the end and
they are able to postpone another 2
years. Complete f’ing bullshit.

JJZander

02/25/24 10:10 PM

Post #6,733

We’ll never see $ in this lifetime lol

Joemags

02/24/24 5:04 PM

Post #6,732

Re: #6,731: @MastaBeta - Since the trust was originally scheduled to dissolve

Thank you for all of your responses and expertise.

MastaBeta

02/24/24 3:27 PM

Post #6,731

Re: #6,730: @jaymeh - LITIGATION TRUST’S MOTION TO EXTEND THE TERMINATION DATE

Since the trust was originally scheduled to dissolve this April, I believe they need to extend the date in order to continue pursuing recoveries. Either they feel confident in getting more money out of Melinidas and friends, or the attorneys still have more funds they can bill for before wrapping this thing up.

It's also possible they just need to extend it since they expect disbursements to take until end of this year. Seems like an awful big buffer to add though just to complete disbursements.

jaymeh

02/24/24 2:03 PM

Post #6,730

Re: #6,725: @Joemags - Anybody have any clue what the hell this means?

LITIGATION TRUST’S MOTION TO EXTEND THE TERMINATION DATE OF THE LITIGATION TRUST
The litigation trust (the “Litigation Trust”) established pursuant to the Joint Plan of Reorganization of Aegean Marine Petroleum Network Inc. and Its Debtor Affiliates Pursuant to Chapter 11 of the Bankruptcy Code, dated March 22, 2019 [ECF No. 503-1] (the “Plan”),2 hereby files this motion (the “Motion”) seeking entry of an order, substantially in the form attached hereto as Exhibit B (the “Proposed Order”), extending the termination date (the “Termination Date”) of the Litigation Trust for two years from April 3, 2024 through and including April 3, 2026.

The termination date is extended until April 3, 2026 due to no objection

Hanks99

02/23/24 9:57 PM

Post #6,729

Re: #6,725: @Joemags - Anybody have any clue what the hell this means?

I never handled a bankruptcy case so I really do not know bankruptcy at all. I think the Termination date is when the assets are distributed. This is a motion to extend the termination date requesting it be extended because no one opposed.

Hanks99

02/23/24 8:13 PM

Post #6,728

Re: #6,727: @Joemags - Out to lunch I guess??

Apparently no lawyers in this group?? 😂

Joemags

02/23/24 1:44 PM

Post #6,727

Re: #6,726: @Pnypnchr - Where did everyone go Joe?

Out to lunch I guess??
I’m fully invested in this process
To a fault.

Pnypnchr

02/23/24 1:42 PM

Post #6,726

Re: #6,725: @Joemags - Anybody have any clue what the hell this means?

Where did everyone go Joe?

Joemags

02/22/24 8:00 PM

Post #6,725

Anybody have any clue what the hell this means?
Please share with the group if you have anything
Thank you

http://dm.epiq11.com/case/AES/dockets/822?debtorId=7258

behzadzorro Free

02/04/24 8:01 PM

Post #6,724

Re: #6,721: @Rootjim - behzadzorro, True as you say. However I believe,

It is true but n my opinion as well

Pnypnchr

02/04/24 5:53 PM

Post #6,723

Re: #6,722: @jimbob4 - If you were assigned YOOES number thru your

Yes, I believe so jimbob4

jimbob4

02/04/24 2:19 PM

Post #6,722

Re: #6,720: @behzadzorro - As you noticed it is really vast range. It

If you were assigned YOOES number thru your brokerage and was still holding shares before trading stopped you are eligible for a payout even if you didn't file a claim, well at least that was what I was told by the the number that is listed on this forum.

Rootjim

02/02/24 8:45 PM

Post #6,721

Re: #6,720: @behzadzorro - As you noticed it is really vast range. It

behzadzorro, True as you say. However I believe, that those who settled for the latest Settlement will not be eligible for any future Claims.. So this latest Class Action Suit will probably want to cast a net as wide as possible so that there will not be anymore Claims in the future.. Those that did File a Claim would hope that only a few did File a Claim. --, so that there Claims would be larger,. In my opinion . GLTA

behzadzorro Free

02/02/24 11:02 AM

Post #6,720

Re: #6,710: @Hanks99 - Where are you getting that range from? Curious…

As you noticed it is really vast range.
It looks dreamy ,but don’t forget many many share holders trade share after the due date and this number is huge.
So which means 53M shares is not the source and not correct number for dividend.
I believe maybe more than %50 of shares traded after due date even more.
I remember last four days before the shot down trade people was selling and buying crazy and all those guys are not include in reimbursement.
Also we know still some estates from the company owner( I believe his name is Mislenadis)are investigating by law and court ,so that amount also maybe adds on our reimbursement.

Joemags

02/02/24 10:43 AM

Post #6,719

Re: #6,718: @Rootjim - Yes Joe these Dockets are not for the

Thank you for the objective review and
Information Jim.
Hope you have a great weekend
Joe.

Rootjim

02/02/24 10:30 AM

Post #6,718

Re: #6,715: @Joemags - Yes Jim

Yes Joe these Dockets are not for the faint of heart, since we're not insiders. Never the less-- they are good to have, so that we can have all the information that is available to us, as possible.. Yes, the Class Action Suit is over. The Suit was done by the Utah Retirement Systems. However the Litigation Trust still has eight and half million available,, that they can pursue more money for us. The Litigation Trust went into details why they wanted to extend the Litigation Trust for two more years. I figure they can disturb or have enough dirt on the former Aegean Management and Owners -{with eight and a half million}- that another Settlement is possible.. GLTA}

Joemags

02/01/24 9:38 PM

Post #6,717

Aegean Marine Petroleum Network Inc.
Case # 18-13374
Epic

Docket # 819
Filed Nov 14 2023
Chapter 11 Post-Confirmation Report for the Quarter Ending: /Notice of Litigation Trust's Quarterly Report for the Period July 1, 2023 Through September 30, 2023 Filed by Abid Qureshi on behalf of Litigation Trustee. (Qureshi, Abid) (Entered: 11/14/2023)
Debtor 18-13374 Aegean Marine Petroleum Network Inc.
Main Document

Joemags

02/01/24 9:38 PM

Post #6,716

Joemags

02/01/24 9:32 PM

Post #6,715

Re: #6,714: @Rootjim - Joe, thanks for bringing the Dockets to our

Yes Jim
That’s basically what these Epic posts say.
It appears that they are petitioning the court
for an extension. I will try to figure out how to send them to the board. Nobody responds to them but I’ll try to figure it out.
I’ve been sending them from for years to this board
My understanding was that the case was
Closed/settled
A number was agreed on by both sides
They are just in the process of figuring out how many shares are left and actually qualify for payouts.
At this point how can an extension be valid.
I have called the Aegean Settlement phone number and it appears that they are cleaning things up.
These Epic Posts totally took me by surprise.
If anyone could shed some light please offer up some expertise.
I’m sure everyone here would appreciate it.
I’ll try to send them asap
Thanks

Rootjim

02/01/24 9:21 PM

Post #6,714

Re: #6,711: @Joemags - Got like 4 Epic posts tonight about the case

Joe, thanks for bringing the Dockets to our attention. Noticed that the 3rd Quarter Litigation Trust Report was filed November 14, 2023 and they still have about eight and a half million to work with. What I found interesting --- was that the Litigation Trust is requesting, a Court extension {from April 2024 to April 2026} against the former Aegean Marine Petroleum Network, Inc-- Management... Which to me, means that the Litigation Trust, believes they still have worthy Claims to pursue...Overall the Dockets are a long read for someone that is interested.. Also as noted on this board, we are still waiting for the closure of the Utah Retirement Class Action payouts ..GLTA

Joemags

02/01/24 3:27 PM

Post #6,713

Re: #6,712: @mrpickle - would you like to share them with us all

Sure
Lots of legal terminology that someone
Will have to explain

mrpickle

02/01/24 10:23 AM

Post #6,712

Re: #6,711: @Joemags - Got like 4 Epic posts tonight about the case

would you like to share them with us all

Joemags

01/31/24 8:58 PM

Post #6,711

Got like 4 Epic posts tonight about the case
Did anybody else see them or get them??

Hanks99

01/26/24 4:10 PM

Post #6,710

Re: #6,706: @behzadzorro - You’re right,but it is just the calm weather

Where are you getting that range from? Curious…

TopStockTiger Free

01/24/24 8:01 PM

Post #6,709

Re: #6,707: @Joemags - I just called the Aegean settlement line

Fudgey Budgy

mess124

01/24/24 5:45 PM

Post #6,708

Re: #6,707: @Joemags - I just called the Aegean settlement line

Ugh, bummer...

Joemags

01/24/24 2:04 PM

Post #6,707

I just called the Aegean settlement line
1-877-888-9760
Girl I spoke to stated that disbursement typically wouldn’t be until a year after the settlement date
which was 9/20/2023.
Unless something magical happens we aren’t seeing a penny until after the summer, which really sucks.

Older

Aegean Marine Petroleum Network Inc (fka ANWWQ)

Followers	71	Posters	288
Posts (Today)	0	Posts (Total)	6756
Created	10/21/07	Type	Free
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"Holders of the Company’s pre-prepetition common equity will receive 100% of the residual interests
in the litigation claims once general unsecured creditors at the parent have received payment in full"

Potential Shareholder Recovery:

General Unsecured Debt:
4.00% Convertible Unsecured Notes due 2018: $94.6M
4.25% Convertible Unsecured Notes due 2021 $172.5M
Total General Unsecured Debt: $267.1M

Common shareholders will get any recovery above $267.1M.
There has been ONE $300M litigation filed on February 1, recovery of which would go to
the trust - there could be multiple more lawsuits filed, with a significant amount of recovery
in excess of the $267.1M, considering that one case alone was for $300Million.

As an example, if just this ONE litigation is successful, that leaves $33M for common shareholders:

$33Million / 53Million OS = $0.62/sh.

Link to suit filed below:

https://www.law360.com/articles/1124917/aegean-marine-hit-with-suit-over-alleged-300m-fraud

Plan of Disclosure clearly states that all 53 million common shares of ANWWQ will receive their pro rata share of Class B Litigation Trust Units. Case closed.
Shares is the total OS, not just people who held prior to BK filing. You’ll also see on page 143 where it says all holders of Aegean equity interests
will receive their pro rata share of Class B Litigation Trust Units on the effective date:

https://document.epiq11.com/document/getdocumentbycode/?docId=3439319&projectCode=AES&source=DM

Greek Court Contesting Legitimacy of US Court Bankruptcy

(April 18, 2019)

https://document.epiq11.com/document/getdocumenstbydocket/?docketId=714504&projectCode=AES&docketNumber=527&source=DM

TRUSTEE LITIGATION

http://www.rctlegal.com/wp-content/uploads/aegean-complaint.pdf

https://www.tradewindsnews.com/law/former-aegean-marine-directors-sued-over-alleged-fraud-scheme-/2-1-672321

COURT LISTENER

Kravitz v. Tavlarios (1:19-cv-08438)

https://www.courtlistener.com/docket/16182258/kravitz-v-tavlarios/

COURT DOCKETS

https://dm.epiq11.com/case/AES/dockets

Docket 735

NOTICE OF ADJOURNMENT PLEASE TAKE NOTICE, that the telephonic hearing (the “Hearing”) on Aegean Marine Petroleum S.A.’s Objection to Proofs of Claim Numbers 10045, 10102, & 10104 (ECF Doc. No. 719), scheduled for February 24, 2021, is adjourned until April 28, 2021 at 10:00 a.m. and will be held telephonically before the Honorable Michael E. Wiles, United States Bankruptcy Judge, at the United States Bankruptcy Court, Southern District of New York, Alexander Hamilton U.S. Custom House, Courtroom 617, One Bowling Green, New York, New York 10004.

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