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Aegean Marine Petroleum Network Inc. (fka ANWWQ)

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Last Post: 3/4/2021 3:17:08 AM - Followers: 69 - Board type: Free - Posts Today: 1

                                                                                                                                 






"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
#5630  Sticky Note Reposting previous summary so I can sticky and MastaBeta 03/03/21 06:48:20 PM
#5634   Thank you ???? masta All are useful information behzadzorro 03/04/21 03:17:08 AM
#5633   Yes look forward and will enjoy tracking these Rootjim 03/03/21 09:57:58 PM
#5632   All great information Beta Joemags 03/03/21 07:04:11 PM
#5631   I'm going to try and clean up the MastaBeta 03/03/21 06:58:04 PM
#5630   Reposting previous summary so I can sticky and MastaBeta 03/03/21 06:48:20 PM
#5629   Usually this kind case take more than two behzadzorro 03/03/21 01:43:27 AM
#5628   How long can they drag this? Parrot$93 03/02/21 09:52:20 PM
#5627   Exactly And it is not just a dream behzadzorro 03/02/21 09:22:07 PM
#5626   Agen payup you lil twats TopStockTiger 03/02/21 07:55:51 PM
#5625   The more and sooner the better. Rootjim 03/02/21 10:06:01 AM
#5624   Yoyo agen gimme cake TopStockTiger 03/02/21 07:40:50 AM
#5623   Yes it would be better to have a Rootjim 03/01/21 08:59:49 PM
#5622   Wish there was a hard stop time limit BaseJumper35 03/01/21 10:03:42 AM
#5621   Same same. Hopefully this is the year we Parrot$93 02/26/21 11:01:37 PM
#5620   Have great, warm and safe weekend everyone. GO $ANWWQ Pnypnchr 02/26/21 09:47:27 PM
#5619   Thanks, were all out here waiting and watching, Rootjim 02/26/21 09:22:45 PM
#5618   Just doing a check in, don't want Ringer210 02/26/21 01:57:32 PM
#5617   Yeah man some of my bag holding 10billion TopStockTiger 02/23/21 03:32:15 PM
#5616   2 years and counting lol Parrot$93 02/23/21 03:18:17 PM
#5615   Agen Greek Gyros Monies in my pocket now TopStockTiger 02/22/21 09:01:26 PM
#5614   Some snowy day reading Joemags 02/22/21 11:54:59 AM
#5613   20$ pay up agenin TopStockTiger 02/20/21 03:09:19 PM
#5612   Thank you for the alert. Baby steps, MastaBeta 02/19/21 06:05:38 PM
#5611   Epiq 11 Alert: Aegean Marine Petroleum N. #734 Joemags 02/19/21 03:23:01 PM
#5610   Anything above .50 is perfect for me, but Parrot$93 02/17/21 04:47:40 PM
#5609   You need to look deeper ! Before it bites supervalue 02/15/21 03:15:27 AM
#5608   Thank you guys so much for your insight Joemags 02/14/21 04:37:12 PM
#5607   Also I wonder why the Litigation Trust is Rootjim 02/14/21 04:14:41 PM
#5606   Yes that is my understanding from what I've Rootjim 02/14/21 03:56:02 PM
#5605   Ok, I got it now. So those MastaBeta 02/14/21 02:03:59 PM
#5604   What I understood the claims, they were already Rootjim 02/14/21 12:22:56 PM
#5603   That's great Jim, thanks for sharing. $ANWWQ.. Payday Coming! Pnypnchr 02/14/21 12:20:58 PM
#5602   Very nice summery of the 4th Quarter litigation Rootjim 02/14/21 12:09:37 PM
#5601   That’s true But it is not just optimistic behzadzorro 02/14/21 12:43:10 AM
#5600   Love the positive thoughts. Joemags 02/13/21 10:41:08 PM
#5599   I’m really optimistic and hopeful this year. This behzadzorro 02/13/21 08:10:38 PM
#5598   So, the claims that are converted to equity MastaBeta 02/13/21 07:28:16 PM
#5597   Summary of docket 733 4th Qtr Report: MastaBeta 02/13/21 04:31:11 PM
#5596   Never ending JJZander 02/13/21 12:42:22 PM
#5594   Thanks for bring the Litigation Trust Quarterly Report Rootjim 02/13/21 08:50:06 AM
#5593   Weekend Reading: Joemags 02/12/21 08:05:37 PM
#5592   https://youtu.be/JofwEB9g1zg KEEP YOURSELF ALIVE! MastaBeta 02/12/21 05:40:51 PM
#5591   Yes We do Till we get our result behzadzorro 02/11/21 12:07:37 AM
#5590   Keepin board alive hehe TopStockTiger 02/11/21 12:02:32 AM
#5589   LOL ?? behzadzorro 02/11/21 12:01:05 AM
#5588   15$ pay up agen TopStockTiger 02/10/21 03:42:23 PM
#5587   $5 would be great! ..but I'd still take whatarush12 02/10/21 03:11:22 PM
#5585   5$ bro5$ TopStockTiger 02/09/21 04:10:36 PM
#5584   The Litigation Trust is still active. As long Rootjim 02/08/21 04:07:05 PM
#5583   $3 to $4 would be fair, for us Rootjim 02/08/21 04:00:21 PM
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