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Aegean Marine Petroleum Network Inc. (fka ANWWQ)

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Last Post: 5/24/2022 1:42:55 PM - Followers: 69 - 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



 
 
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. 

 
PostSubject
#6308   Epiq 11 Alert: Aegean Marine Petroleum N. #780 Joemags 05/24/22 01:42:55 PM
#6307   interesting Rootjim 05/23/22 09:02:47 PM
#6306   Dimitr is Vagenis twatted right in to the TopStockTiger 05/23/22 05:10:48 PM
#6305   ..Dimitris made an excellent buy . 20 million Rootjim 05/18/22 08:57:38 PM
#6304   https://www.documentonews.gr/article/melissanidis-agorase-to-oikopedo-tis-selman vagelis 05/18/22 02:30:27 PM
#6303   Dockets continue to roll in Joemags 05/18/22 09:03:23 AM
#6302   Epiq 11 Alert: Aegean Marine Petroleum N. #779 Joemags 05/18/22 09:02:44 AM
#6301   Thank you so much all you guys is behzadzorro 05/18/22 12:59:15 AM
#6300   Seems to be a day of doubles. Investorshub Rootjim 05/17/22 09:34:15 PM
#6299   Sent 778 twice Joemags 05/17/22 09:08:05 PM
#6298   Epiq 11 Alert: Aegean Marine Petroleum N. #778 Joemags 05/17/22 09:06:55 PM
#6297   Stay tuned, wish I knew. Maybe someone can Rootjim 05/17/22 08:46:20 PM
#6296   Are we getting back in the stock market TopStockTiger 05/17/22 08:18:01 PM
#6295   Epiq 11 Alert: Aegean Marine Petroleum N. #778 Joemags 05/17/22 07:08:40 PM
#6294   Epiq 11 Alert: Aegean Marine Petroleum N. #777 Joemags 05/17/22 07:06:00 PM
#6293   ..Like you Chy3a , I have to wonder Rootjim 05/17/22 12:00:53 PM
#6292   ..Like you Chy3a , I have to wonder Rootjim 05/17/22 12:00:53 PM
#6291   Docket 776 seems to have alot of updates Chy3a 05/16/22 11:31:09 PM
#6290   Epiq 11 Alert: Aegean Marine Petroleum N. #776 Joemags 05/16/22 03:52:58 PM
#6289   Epiq 11 Alert: Aegean Marine Petroleum N. #775 Joemags 05/16/22 03:48:40 PM
#6288   .Interesting article vagelis, dated May 14 2022...Athens Court Rootjim 05/14/22 09:45:37 PM
#6287   https://www.in.gr/2022/05/14/greece/apofasi-kolafos-kata-tou-dimitri-melissanidi vagelis 05/14/22 10:29:45 AM
#6286   Good to know Thanks behzadzorro 05/13/22 05:49:21 PM
#6285   Hopefully some news in the report Joemags 05/13/22 02:02:43 PM
#6284   Ty Rootjim TopStockTiger 05/13/22 09:51:42 AM
#6283   First quarter Litigation Trust Report should be Rootjim 05/13/22 09:20:34 AM
#6282   Exactly what I was thinking. Joemags 05/12/22 08:18:53 PM
#6281   Ggcdd TopStockTiger 05/11/22 11:00:21 PM
#6280   Let’s wait patiently. I don’t believe Aegean can jaymeh 05/04/22 11:23:24 PM
#6279   Bc I know I have the worst luck JJZander 05/04/22 03:54:50 PM
#6277   Lol JJZander 05/04/22 10:35:46 AM
#6274   Any news regarding ANWWQ? Nisti 05/03/22 03:41:41 PM
#6273   Pretty much lol TopStockTiger 04/25/22 11:58:16 AM
#6272   Lol bored eh JJZander 04/25/22 11:38:46 AM
#6271   Never ever have I ever felt so low When TopStockTiger 04/25/22 11:37:53 AM
#6270   Never JJZander 04/25/22 11:35:12 AM
#6269   Lets get that 10$ a share baby TopStockTiger 04/25/22 11:24:26 AM
#6268   Interesting., I wonder how much the Class A Rootjim 04/18/22 11:00:14 PM
#6267   This information I saw in news back in jaymeh 04/18/22 08:58:15 PM
#6266   Always on point!! Joemags 04/18/22 07:33:58 PM
#6265   Great points Jim!! ..and agreed! whatarush12 04/18/22 06:53:32 PM
#6264   Unfortunately it doesn't seem we are getting any Rootjim 04/18/22 12:47:08 PM
#6263   I guess the question is, will the Lawyers whatarush12 04/18/22 12:01:16 PM
#6262   Like others I would like to see where Rootjim 04/18/22 11:07:25 AM
#6261   Tnx for sharing. I love everyone’s optimism JJZander 04/18/22 06:38:16 AM
#6260   Also, there is yet another piece of information jaymeh 04/17/22 11:48:54 PM
#6259   Where did u get this info it will Chy3a 04/17/22 11:21:21 AM
#6258   I read somewhere that Mercuria had agreed to jaymeh 04/17/22 02:21:34 AM
#6257   The quarterly report filed under document number 774 jaymeh 04/14/22 09:53:38 PM
#6256   Huuuum Good information Thanks for sharing your knowledge behzadzorro 04/14/22 02:29:55 PM
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