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Aegean Marine Petroleum Network Inc. (fka ANWWQ)

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Last Post: 4/21/2019 12:55:24 PM - Followers: 75 - Board type: Free - Posts Today: 6















"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 $300M.


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

$33M / 53M OS = .62C per share.


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. 53m 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




 
yes
PlusOneCoin Top Posts
#1646   ANWWQ Plan of Organization (2/15/19) - IMPORTANT! nodummy 02/17/19 08:53:11 AM
#3171  Restored Here's some excellent DD reading: Homebrew 03/26/19 08:54:46 PM
#3088  Restored Here is the FINAL PLAN approved by the nodummy 03/26/19 09:48:50 AM
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#3744  Sticky Note $ANW: CUSIP changed from Y0017S102 to Y00ESC015 makinezmoney 04/12/19 07:59:13 AM
#2903  Sticky Note FORM 15 MEANING - if the ANWWQ SC777 03/22/19 08:05:14 PM
#2745  Sticky Note $ANWWQ: Mercuria about to payout Massive Litigation-Claims to COMMONS makinezmoney 03/20/19 10:56:12 AM
#2285  Sticky Note GREAT ARTICLE - POSTED TODAY mzasif 02/22/19 07:52:58 PM
#3809   Thanks for making that part clear makinezmoney. How Rootjim 04/21/19 12:55:24 PM
#3808   Page 32 note 23 Greece didn’t accept BK vagelis 04/21/19 11:56:56 AM
#3807   Sorry page 38 https://document.epiq11.com/document/getdocumenstbydocket/?docketId=714504&project vagelis 04/21/19 11:08:08 AM
#3806   Page 40 is very important insert-tehttps://document.epiq11.com/d vagelis 04/21/19 11:06:28 AM
#3805   Guys if you read the filling after page vagelis 04/21/19 10:15:10 AM
#3804   Here for the main BK filings. jet101 04/21/19 08:59:51 AM
#3803   There's one in every crowd! Pnypnchr 04/20/19 05:37:50 PM
#3802   NO THANK YOU. Chaka 04/20/19 03:34:36 PM
#3801   Great DD that explains a lot: Daytrader1 04/20/19 03:49:00 AM
#3799   Here's some excellent DD reading: Homebrew 04/20/19 01:29:00 AM
#3798   makinezmoney Chy3a 04/19/19 10:14:07 PM
#3797   GLTY Chaka! Thanks for being honest about it. Pnypnchr 04/19/19 08:53:29 PM
#3796   I'm just like many on here. Chaka 04/19/19 08:48:51 PM
#3795   Thank you So much Chaka behzadzorro 04/19/19 07:50:34 PM
#3794   To chaka Chy3a 04/19/19 07:27:24 PM
#3793   Call your broker or maybe some financial BK Chaka 04/19/19 07:08:57 PM
#3792   To Chaka behzadzorro 04/19/19 07:00:51 PM
#3791   It's good news. Chaka 04/19/19 06:56:32 PM
#3790   To makinezmoney behzadzorro 04/19/19 06:39:53 PM
#3789   $ANWWQ: dudge-Wiles is not Judiciating on the Embezzlement-claims makinezmoney 04/19/19 03:04:42 PM
#3788   As a share holder of anwwq Chy3a 04/19/19 02:34:13 PM
#3787   Hi guys behzadzorro 04/19/19 12:52:54 PM
#3786   makinezmoney I noticed you posted #3677 U.S Rootjim 04/18/19 11:40:46 PM
#3785   That would work for me. Updates are of Rootjim 04/18/19 10:54:31 PM
#3784   I think between 1-6 months we should see Chaka 04/18/19 10:25:49 PM
#3783   Another poster mention May 3rd for claims deadline Rootjim 04/18/19 10:17:28 PM
#3782   $ANWWQ: +$300Million Litigation Lawsuit for Melissandis Embezzelment makinezmoney 04/18/19 01:55:56 PM
#3781   Waiting for the day, when the check is Rootjim 04/18/19 11:33:00 AM
#3780   you should be happy with 1/100 of that $2-$3 Nisti 04/17/19 06:01:25 PM
#3779   Exactly, just waiting atm JMMatthews 04/17/19 03:57:41 PM
#3778   At $2.00--$3.00 or higher, longs will have to Rootjim 04/17/19 09:56:19 AM
#3777   Chaka ..I HOPE PAYMENT IS AT THE HIGHER halbroke1 04/17/19 01:06:15 AM
#3776   Just waiting bro. Chaka 04/17/19 12:49:09 AM
#3775   WHERE IS EVERYBODY HERE !!, NO POSTS FOR halbroke1 04/17/19 12:43:17 AM
#3774   Sure hope so! I'd take .65 ... would whatarush12 04/15/19 05:26:53 PM
#3773   $ANWWQ: Nothing to worry about .... Mercuria will PAY makinezmoney 04/15/19 11:05:55 AM
#3772   Just confirmed with Waterhouse...conversion of cusip took place paidbasher123 04/15/19 10:59:01 AM
#3771   You cannot short this! Daytrader1 04/15/19 01:57:41 AM
#3770   There you go! Me too. Pnypnchr 04/14/19 08:58:48 PM
#3769   They will probably give us .666 per share! mess124 04/14/19 08:53:01 PM
#3768   a quick call to your broker and ask lilzsuperboy 04/14/19 08:49:00 PM
#3767   IT IS WHAT IT IS! Pnypnchr 04/14/19 08:43:21 PM
#3766   what i am trying to do is not lilzsuperboy 04/14/19 08:39:56 PM
#3765   My TD Ameritrade is also showing the new Rootjim 04/14/19 06:52:11 PM
#3764   This is way too coincidental. mess124 04/14/19 06:23:13 PM
#3762   indeed cusip number changed to Y00ESC015. Daytrader1 04/14/19 05:00:53 AM
#3759   SHORTS.. Chaka 04/13/19 05:34:00 PM
#3758   https://www.investopedia.com/terms/r/reorganization.asp https://www.investope lilzsuperboy 04/13/19 03:20:49 PM
#3753   finally some one with common sense! we’ll be lilzsuperboy 04/12/19 02:30:53 PM
#3752   $ANNWQ: Your shares are now in Escrow... makinezmoney 04/12/19 01:53:17 PM
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