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Apparently 3:59 Friday 10/23 cutoffs I was informed....
Hey ez, is it too late to get in and get paid?
On October 12 2017 2 billion shares traded up 300% and next day 9k? Same thing for the other 3 big days of 600M, 227M and 277M And none for a while.., isn’t that a sign of insiders or MM trades to remove shares from float? And any time lots of Shares traded it’s the day quiet after ?? Weirdest position I’ve ever been in for sure... OTC doesn’t list OS >>> could court have proposed a certain share structure for the trust to have?
I went through though trades since 2017 I thought it interesting they were 4 big trading days 2 in 17 600m + 1,997m .... 1 in 19 277m and 1 in 20 227m >>> I wonder if that was company buying back? I read somewhere that the OS at one point was 2.25 billion but it sure doesn’t seem to be very high now with the trade in the last month... any thoughts??
I'm curious. Where do you see that the trust owns shares? I missed that detail as I did my research.
Btw, I own 75k shares. Not sure if that affects your calculations or not.
Bro what about the Trust owning shares do you not see, they can’t pay themselves in the settlement lol, it’s only gonna pay shareholders outside of them, did you not see all the shares being bought and the ask size was only 10k at each price level lol, that was the Trust letting go of shares.
You’ll see you gonna get more than 002, more along the lines of 02! Maybe even better could be 05 plus! Like I said depends on amount of shares owned by record holders!
GOT YA! Thanks dude!! I see now GL TO US!!!
so any share that is not owned is forfeited and taken out, the leftover shares by the shareholders will be distributed at 45%, so whoever owns the most... what do you mean any share not owned don't all shares in OS have to be owned by someone?
Ok ... I was starting to wonder but your pretty positive... lol for laughs I bought the 500k in the last 8 seconds of trading hahaha... $ADPAS
Just wait the ones who did not buy gonna kick themselves in the arse, did anyone notice that 36 million share bid from CDEL on 0004 the last 2 days in a row! Watch these mofo MMS cover their short positions! Talk about get paid! They gotta cover by next Friday! Only ones be able to sell are current owners as of end of market today! About to get paid both ways!
Now that sounds good but why so little interest and only closing price of .0008 you could hear crickets... lol
Well my Math is not as hopeful..lol// 6.7 mil divided by 3.25 bil shares .002 payout per share... kind of a waste of time in my world...
Sobek was right on his statement was supposed to happen sept 20th or something like that but the court case got postponed until October 2 or something like that, the court ruling passed in favor of shareholders October 7th or something saying the record date for payoff distribution of 6.7 million was October 23 which is today, the 6.7 million is going to only shareholders, so any share that is not owned is forfeited and taken out, the leftover shares by the shareholders will be distributed at 45%, so whoever owns the most shares gets more of the payout.
Example 3 million divided by let’s just say 50 shareholders is what 60k a piece, but I can guarantee ain’t 50 shareholders, but remember the more shares the bigger percentage of that 45% you will get.
Now how you feel!
It means as long as you bought today before close you are a record shareholder, last I checked a few days ago, outside of who else on this board claims to own shares, was only 3 shareholders! You do the math on the 6.7 million distribution!
If you bought today does it still pay? Sobeck mentions sept closing date... opps lol
So what does that mean for us? Wait for settlement?
Stock is not tradeable after today, GL to all, I grabbed 5 million shares between 0008 and 001 last couple weeks!
Added a few more today.... $ADPAS
$ADPAS: They should lock the shares down now
Shoulda put them in escrow already like they did with $ANNWQ $ANW
That way we have larger distribution amounts for ourselves.
If theres only 25 of us, we gonna get paid MAJOR !
GO $ADPAS
It appears that either 54 Million (61 minus 6.7 given out this month) will given to stockholders, or it will be used for the "rehabilitation transaction." Considering the fact that this latest distribution has been labeled a final distribution I suspect the rehabilitation transaction might use it. That could actually be better than a distribution.
$ADPAS : Series ACC-1 holds $4.84Billion in Value
This series represents what allocation is to $ADPAS.
Read Table on Page 10 of 17
http://www.adelphiarestructuring.com/Documents/ImportantDocuments/2020/ART%20Q3%202020%20Operating%20Report%20Final.pdf
Now at $0.0006
GO $ADPAS
$ADPAS : $6.7 Million distribution before EOM
http://www.adelphiarestructuring.com/Documents/ImportantDocuments/2020/ART%20Distribution%201st%20Press%20Release%2010.16.2020_FINAL.pdf
****************************************************************
For Immediate Release
Media Contact
Mary Palmquist (303) 268-6388
Adelphia Recovery Trust Announces Final Liquidating Distribution And Establishes A Record Date
Wilmington DE, October 16, 2020 – The Adelphia Recovery Trust (the “Trust”) announced today that its Trustees have declared a final liquidating distribution of cash in the amount of $6.7 million payable on or about October 30, 2020 to holders of interests in the Trust pursuant to the First Modified Fifth Amended Joint Chapter 11 Plan of Reorganization of Adelphia Communications Corporation and Certain Affiliated Debtors, dated as of January 3, 2007, as Confirmed (the “Plan”). The Trust has established a Record Date for purposes of this distribution of October 23, 2020.
Upon distribution, a letter with additional information concerning the distribution will be delivered to holders and will be made available in the “Important Documents Adelphia Recovery Trust” section of Adelphia’s website at www.adelphiarestructuring.com.
Interest holder inquiries regarding Trust distributions under the Plan should be directed to creditor.inquiries@adelphia.com.
About Adelphia Recovery Trust
The Adelphia Recovery Trust is a Delaware Statutory Trust formed pursuant to the First Modified Fifth Amended Joint Chapter 11 Plan of Reorganization of Adelphia Communications Corporation and Certain Affiliated Debtors, which became effective February 13, 2007. The Trust dissolved on December 31, 2016 (the "Dissolution Date") pursuant to the Plan, Declaration of Trust, and the September 22, 2015 court order. Pursuant to the Plan and Declaration of Trust, the Trust will terminate upon completion of liquidation and wind up activities of Adelphia Communications Corporation. The Trustees shall continue to act until the Trustees' duties under the Plan have been fully performed.
Forward-Looking Statements
This press release contains forward-looking statements. All statements (other than statements of historical fact) contained in this release, including statements that address future plans, goals, expectations, activities, events or developments are forward- looking statements. The Trust has tried, where possible, to use words such as “anticipate,” “if,” “believe,” “plan,” “estimate,” “expect,” “intend,” “forecast,” “initiative,” “objective,” “goal,” “project,” “outlook,” “priorities,” “target,” “evaluate,” “pursue,” “seek,” “potential,” “continue,” “designed,” “impact,” “may,” “would,” “could,” “should,” “will” and other similar expressions to identify forward-looking
statements. Forward-looking statements are based on current expectations and are subject to substantial risks, uncertainties and other factors, many of which are beyond our control. The Trust cannot guarantee that any forward-looking statement will be realized, as actual results may differ materially from those identified or implied in any forward- looking statement. Among the factors that may cause actual results to differ materially are the following: changes in or interpretations of laws, regulations and policies; and the tax effects of various aspects of the Plan and the Trust. All forward-looking statements speak only as of the date they were made. The Trust does not undertake a duty to publicly update or revise such forward-looking statements or other information contained herein, whether as a result of new information, subsequent events, circumstances, changes in expectations or otherwise.
GO $ADPAS
Adelphia Distributions and Deletions are as follows
ADPAS: .000582
ADPAJ: .004186
ADAPL (Series OLYMPUS): .019386
ADPAA (Series ACC-2): .000656
Additionally, ADAPL and ADPAA were deleted yesterday.
ADPAB (Series ACC-3), ADPAK (Series Frontiervsion), and ADPBK (Series FPL) were listed as inactive last year. I am not sure if they will be deleted. None of them are getting a distribution. However, they haven't been listed as being deleted. I'm not sure what the plan is with them.
So, that leaves ADPAS and ADPAJ as active going forwards. This is rather curious and with the possibility of a "rehabilitation transaction," I suspect ADPAS and ADPAJ will get additional value going forward.
Wouldn’t it be awesome if there was only like 25 shareholders! Someone is gonna bank most of that 6.7 million, is it gonna be you or me or someone else!
Date of Record for final distribution is tomorrow!
Thanks I will do that
Check out the adelphia restructuring website for docs pertaining to this question. http://www.adelphiarestructuring.com/RecoveryTrust.aspx
Daily list has payouts
ADPAA .0006 last at .0003 but last traded 2 years ago
ADapl .019386 last at .0001 but almost no trades in last year
but doesn.t mention ADPAS but maybe ADPAS owns all of above
no trades on any at open so I guess not a play
Got some 8s! Interesting situation here....
I know Time Warner and Comcast actually bought Adelphia and that Time Warner went public as a result. Time Warner distributed shares of Time Warner to Adelphia shareholders. So, I am also curious what might result from that relationship in regards to Adelphia stockholders after Adelphia emerges from Chapter 11.
I have a gut feeling I need to hang onto my shares until after that happens.
$ADPAS: 23Milly shares moved today alone
You know its about to get paid here
GO $ADPAS
$ADPAS : I think we break thru a nickel
The compensation will be icing on the cake.
Wait till they find out where this is going and the market will follow.
Unless they put a deadline date of share ownership which i haven't seen yet.
So if you have 10million shares, it'll be a comp on that...... if it comes out to $0.01 or 0.05/sh
GO $ADPAS
Just curious
Do you still believe we will hit a nickel?
Also, what do you make of the "potential Rehabilitation Transaction" mentioned in the 55th status report? I am very curious if there is a merger in the works where another company buys the brand name and "Adelphia" is restored as a subsidiary?
Q3 quarterly update out.
http://www.adelphiarestructuring.com/Documents/ImportantDocuments/2020/ART%20Q3%202020%20Operating%20Report%20Final.pdf
I know the upcoming distribution is supposedly the final one. Yet, I wonder what might happen if the ART gets a major tax refund next year? Could these refunds just keep happening year after year?
NEWS! October 23 is date of record for final distribution! Good luck to all.
I'm in at .001. I've been watching for a while. Based on the court docs. This looks very interesting! Let's see what happens.
$ADPAS We'll be over $0.05 in short
Last month of loading is just a precursor for whats coming next
Awesome here at $0.015
GO $ADPAS
ADPAS well I’m out y’all, this thing is trading very weird, hope everyone left in it makes out huge, GLTA
FWIW the court settlement went thru
http://www.adelphiarestructuring.com/ImportantDocs.aspx
trying to figure out myself, if you look at the volume that has poured into this stock over the last few weeks and the price action along with chart, this thing is about to pop big time! someone here knows something for sure, look at the buying action over the last 3 weeeks and accumulation is thru the roof! there is a court case settlement hearing that happened yesterday morning at 10 am, havent heard anything back yet. you can check the links i posted week or 2 ago, has all the documents.
imo its gonna pop pretty good!
You're on to it!
If you read all of it, 87 million was recovered and somewhere around 9-17 million was paid out which still leaves 60-70 million to be paid to investors, again just what I gathered from it, IMO
GLTA
If everything comes thru, gonna be a wild ride!
http://www.adelphiarestructuring.com/UnsealedDocsDisc.aspx
http://www.adelphiarestructuring.com/RecoveryTrust.aspx
Everything you need to know, but from action yesterday looks like someone already knows the outcome!
ADPAS, don’t know what’s going on here but this stock has had a ton of action in last 3 months, something happening for sure, also if you saw the action yesterday, investors were pounding as it moved up in price meaning they were ready to pay premium! GLTA
Any link to support your claims ??
Anyone familiar with this ticker knows it's been a long haul.
But due to recent events, it's finally payday!
$32m to be distributed to shareholders which comes to just under .022 pps
Payout date is after Sept. 24. Today was the deadline.
GLTA and DO YOUR OWN DD!!!
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