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Aegean Marine Petroleum Network Inc. (fka ANWWQ)

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Last Post: 9/17/2020 9:45:55 AM - Followers: 72 - Board type: Free - Posts Today: 0












"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






 
PostSubject
#5330   Well hope something comes to fruition sooner than later..GLTA Rootjim 09/17/20 09:45:55 AM
#5329   Nah, just ezmoney talk. LOL Pnypnchr 09/16/20 09:41:28 PM
#5328   Anything interesting going on ? Rootjim 09/16/20 07:24:56 PM
#5327   Well it look like I missed message 5324, Rootjim 09/16/20 07:23:54 PM
#5323   Well hopefully it will give him time to Rootjim 09/14/20 09:49:02 AM
#5322  Restored He's in the slammer till 10/08. :-( Pnypnchr 09/13/20 10:05:53 PM
#5321   ..makinezmoney just wondering if you think we are Rootjim 09/13/20 06:40:01 PM
#5320   While waiting for good news..I've been looking at Rootjim 09/13/20 06:31:26 PM
#5319   Yes getting the Class A paid off is Rootjim 09/08/20 02:08:21 PM
#5318   Love the positive spin on a settlement Jim. Joemags 09/08/20 11:31:42 AM
#5317   Docket #707 also mentions , on Exhibit A Rootjim 09/06/20 07:31:53 PM
#5316   ..While waiting for our, Litigation 3rd Quarter Report, Rootjim 09/06/20 07:06:16 PM
#5315   Just looking at some of our Dockets this Rootjim 09/06/20 05:42:33 PM
#5314   We should get it with interest. TopStockTiger 09/05/20 05:55:39 PM
#5313   Good luck with that..... Grandmasim 09/04/20 06:54:46 PM
#5312   Still every body are waiting. It looks almost claim behzadzorro 09/04/20 06:52:55 PM
#5311   Were are we in court? Sorry, I'm not Parrot$93 09/04/20 04:13:13 PM
#5310   I wish. Joemags 08/31/20 02:32:34 PM
#5309   Any updates? Parrot$93 08/31/20 01:02:11 PM
#5308   Litigation processes ... behzadzorro 08/21/20 01:07:24 PM
#5307   All hope at this point. Grandmasim 08/21/20 11:40:54 AM
#5306   where do you base your optimism? facts ? Nisti 08/21/20 11:06:13 AM
#5305   regarding warrants offer bbmln 08/20/20 01:12:11 PM
#5304   What about it ? I’m long on it ... GoldiS 08/20/20 01:11:30 PM
#5303   Hey Goldi, bbmln 08/20/20 01:05:53 PM
#5302   That's what I like to hear! Pnypnchr 08/19/20 07:11:56 PM
#5301   It will come my friend behzadzorro 08/19/20 05:08:32 PM
#5300   Would be nice to get an update ... GoldiS 08/19/20 09:11:18 AM
#5299   Yoyo hope we get paid or else ill TopStockTiger 08/18/20 11:37:52 AM
#5298   For sears take time more than 2 years behzadzorro 08/17/20 04:58:47 AM
#5297   It has been almost one year and a Nisti 08/14/20 08:47:13 PM
#5296   Didn't read the whole order to dismiss. MastaBeta 08/10/20 07:18:40 PM
#5295   $ANWWQ: Our MONEY is on HOLD............ We WAIT makinezmoney 08/10/20 02:42:31 PM
#5294   Thanks Maki behzadzorro 08/10/20 01:28:09 PM
#5293   $ANWWQ: Appeals filed by Kravitz on Defendants-Motion-to-DISMISS makinezmoney 08/10/20 01:18:44 PM
#5292   Thanks MastaBeta behzadzorro 08/04/20 09:54:45 PM
#5291   Thanks for your help in digesting these Dockets Rootjim 08/04/20 08:23:31 PM
#5290   709 was just a certificate of service of MastaBeta 08/04/20 02:18:04 PM
#5289   Docket #709 Filed 07/30/2020.. This Docket was filed Rootjim 07/31/20 11:54:08 PM
#5288   Yes I was wondering the same things as Rootjim 07/28/20 08:41:37 PM
#5287   Thanks jim behzadzorro 07/28/20 05:30:22 PM
#5286   A couple of dockets filed 07/24/2020..Docket #707 and Rootjim 07/27/20 09:43:21 PM
#5285   Yea...thanks Jim. Joemags 07/21/20 04:34:17 PM
#5284   Thanks Jim behzadzorro 07/21/20 04:18:52 PM
#5283   Received no reply to my e-mail from Minerva Rootjim 07/21/20 12:14:19 PM
#5282   Great idea Jim Joemags 07/12/20 08:08:31 PM
#5281   Sent an e-mail to Minerva today.. this Sunday. Rootjim 07/12/20 03:31:16 PM
#5280   Docket # 706 Notice of appearance and request Rootjim 07/09/20 04:03:58 PM
#5279   Epiq 11 Alert: Aegean Marine Petroleum N. #706 Joemags 07/09/20 12:23:15 PM
#5278   Hahhahah Need to be more optimistic behzadzorro 07/09/20 11:43:14 AM
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