Home > Boards > US OTC > Delisted >

Aegean Marine Petroleum Network Inc. (fka ANWWQ)

RSS Feed
Add Price Alert      Hide Sticky   Hide Intro
Moderator: makinezmoney
Search This Board: 
Last Post: 1/19/2020 1:20:33 PM - Followers: 66 - Board type: Free - Posts Today: 3












"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
#4938   Sorry Joemags 01/19/20 01:20:33 PM
#4937   Docket updates, no new Dockets filed... Being a Rootjim 01/19/20 11:20:14 AM
#4936   Docket Update from yesterday Joemags 01/19/20 10:47:54 AM
#4935   Good to hear your back makinezmoney. Looking forward Rootjim 01/18/20 10:08:59 AM
#4934   Yeah.... gotta luv those iHub admins GO $ANW makinezmoney 01/18/20 09:28:08 AM
#4933   Jail again? I'm proud of you bud. Pnypnchr 01/18/20 09:09:33 AM
#4932   $ANWWQ: Good chance that you will As will Utah makinezmoney 01/18/20 01:56:54 AM
#4931   Docket #668 has to do with the Court Rootjim 01/17/20 07:07:24 PM
#4930   Docket #667 apparently has the Custom Border Protection Rootjim 01/17/20 06:52:10 PM
#4929   Docket #666 was Vane Line Bunkering withdrawing their Rootjim 01/17/20 06:31:50 PM
#4928   Docket #665 is a second extension for Mercuria Rootjim 01/17/20 06:20:21 PM
#4927   And another Joemags 01/17/20 04:14:24 PM
#4926   Another one: Joemags 01/17/20 01:47:15 PM
#4925   Interesting... So it looks not bad and still B behzadzorro 01/17/20 12:39:22 PM
#4924   Docket# 666 Joemags 01/17/20 12:32:28 PM
#4923   New docket #665 sent out this morning Joemags 01/17/20 11:46:56 AM
#4922   There is a Hearing on this Matter on Rootjim 01/16/20 06:06:51 PM
#4921   Thanks for keeping this board alive with your Rootjim 01/16/20 05:54:05 PM
#4920   Docket# 664 just came through Joemags 01/16/20 03:23:41 PM
#4919   I apologize Joemags 01/16/20 01:18:16 PM
#4918   I got 2 additional emails this morning if Joemags 01/16/20 01:15:50 PM
#4917   Mercuria holdings are 30%, but when you add Rootjim 01/16/20 10:51:26 AM
#4916   I also find it interesting that the Greek Rootjim 01/16/20 10:31:18 AM
#4915   ANNWQ$$ Mercuria owns 30% of the Commons . mr pancake 01/15/20 09:13:21 PM
#4914   Mercuria filed motions: MastaBeta 01/15/20 07:20:35 PM
#4913   Not sure what this is but it was Joemags 01/15/20 05:36:45 PM
#4912   Can't really say. Greek courts seem to MastaBeta 01/15/20 11:58:49 AM
#4911   Any opinion on timeline after the coming Trust Joemags 01/15/20 11:14:08 AM
#4910   I paid $1.41 per share couple months before GeeKfou 01/15/20 10:59:19 AM
#4909   For everyones sake I hope you are RIGHT! NTRInvestor 01/15/20 10:18:36 AM
#4908   Well written and totally agree. Rootjim 01/15/20 09:43:02 AM
#4907   That comment was from one of the trust MastaBeta 01/15/20 09:19:20 AM
#4906   Hoping for something. Joemags 01/14/20 07:27:11 PM
#4905   So....how many of you on this post still NTRInvestor 01/14/20 07:05:37 PM
#4904   We are about 30 days from our next Rootjim 01/14/20 10:07:54 AM
#4903   Really thanks behzadzorro 01/11/20 03:40:06 AM
#4902   Much appreciated MB. Thanks. Pnypnchr 01/10/20 08:41:18 PM
#4901   No, I'm not claiming to be an expert. MastaBeta 01/10/20 02:55:50 PM
#4900   Thank you. You look have enough knowledge about behzadzorro 01/10/20 01:07:29 PM
#4899   Soooo you’re saying there’s a chance....... Joemags 01/10/20 12:43:39 PM
#4898   In legal proceedings, a certificate of service is MastaBeta 01/10/20 12:12:31 PM
#4897   Instead of guessing I think it is better behzadzorro 01/10/20 11:56:34 AM
#4896   Thanks for a clear answer. GLTA class B Rootjim 01/10/20 10:20:53 AM
#4895   Looks like Sophia Levy is probably a process MastaBeta 01/10/20 09:26:06 AM
#4894   Good to keep up to date on the Rootjim 01/09/20 08:34:54 PM
#4893   Not sure either. Joemags 01/09/20 08:22:21 PM
#4892   Not quite sure what docket #691 is for. Rootjim 01/09/20 08:18:37 PM
#4891   Epiq 11 Alert: Aegean Marine Petroleum N. #661 Joemags 01/09/20 04:47:46 PM
#4890   I agree....really sucks!! Joemags 01/09/20 04:41:12 PM
#4889   Silence? Nisti 01/09/20 03:54:47 PM
PostSubject