Home > Boards > US OTC > Delisted >

Aegean Marine Petroleum Network Inc. (fka ANWWQ)

RSS Feed
Add Price Alert      Hide Sticky   Hide Intro
Moderator: whatarush12, makinezmoney, JMMatthews, mr pancake
Search This Board: 
Last Post: 6/26/2019 7:33:15 PM - Followers: 70 - 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 




 
PostSubject
#3744  Sticky Note $ANW: CUSIP changed from Y0017S102 to Y00ESC015 makinezmoney 04/12/19 07:59:13 AM
#2285  Sticky Note GREAT ARTICLE - POSTED TODAY mzasif 02/22/19 07:52:58 PM
#4307   The agreement between Mercuria and Aegean was for GoldiS 06/26/19 07:33:15 PM
#4306   Right On ezmoney!!! $ ANW for the win. Pnypnchr 06/26/19 06:24:44 PM
#4305   I definitely agree ... behzadzorro 06/26/19 02:29:49 PM
#4304   Great post! Thank you whatarush12 06/26/19 11:39:14 AM
#4303   $ANNWQ: Exactly... no one knows about Legacy Shareholders makinezmoney 06/26/19 08:06:17 AM
#4302   I did a little more digging and found GoldiS 06/25/19 04:10:06 PM
#4301   Touchè ! GoldiS 06/25/19 02:46:26 PM
#4300   Agreed .... now we just wait . GoldiS 06/25/19 02:42:50 PM
#4299   Waaawwwwwwwww ... behzadzorro 06/25/19 02:25:19 PM
#4298   $ANW: That is something that Mercuria might deal with makinezmoney 06/25/19 02:13:06 PM
#4297   I see. behzadzorro 06/25/19 02:09:06 PM
#4296   meas124 I’m gonna wait a little more to Rootjim 06/25/19 01:59:23 PM
#4295   $ANW: There were no publicly listed shares in Greece makinezmoney 06/25/19 01:35:44 PM
#4294   What do you think about this ? behzadzorro 06/25/19 01:26:54 PM
#4293   Root, your statement is too vague, mess124 06/25/19 12:53:18 PM
#4292   $ANW: Thats right.... LTU's always take time makinezmoney 06/25/19 09:13:08 AM
#4291   makinezmoney lots of thunder now and someday lighting Rootjim 06/25/19 09:07:46 AM
#4290   $ANWWQ: Great update.... makinezmoney 06/25/19 07:48:46 AM
#4289   goldis is correct i mention this last time Chy3a 06/24/19 11:01:56 PM
#4288   FACT - The only thing Amex has currently GoldiS 06/24/19 09:17:22 PM
#4287   Yes ... it withdrew its claim for the GoldiS 06/24/19 09:10:06 PM
#4286   Yes GoldiS, no matter what way you Rootjim 06/24/19 08:51:02 PM
#4285   https://document.epiq11.com/document/getdocumentbycode/?docId=3469870&projectCod GoldiS 06/24/19 08:48:42 PM
#4284   Docket 583 reads verbatim - Notice of withdrawal GoldiS 06/24/19 08:47:24 PM
#4283   Well if you read Docket 583 (from today GoldiS 06/24/19 08:43:03 PM
#4282   GoldiS you may want to reread docket 583. Rootjim 06/24/19 08:16:16 PM
#4281   After reading your comment about Amex withdrawing their GoldiS 06/24/19 07:46:39 PM
#4280   Chy3a it does look like Mercuria is going Rootjim 06/24/19 06:32:39 PM
#4279   makinezmoney I did call Arthur and talked to Rootjim 06/24/19 06:18:02 PM
#4278   So this is GOOD news I'm reading?? More whatarush12 06/24/19 04:47:49 PM
#4277   Thanks for your update Chy. Appreciated. Pnypnchr 06/24/19 04:27:49 PM
#4276   So amex has withdraw their case as well Chy3a 06/24/19 04:11:55 PM
#4275   Not sure but I would guess that they jet101 06/21/19 06:09:39 PM
#4274   Has anyone contacted him to find out why GoldiS 06/21/19 03:01:50 PM
#4273   $ANW: Enjoy your Vacation ! makinezmoney 06/21/19 09:14:06 AM
#4272   LOL that was what I was hoping to Rootjim 06/21/19 09:13:00 AM
#4271   $ANW: ORIX actions makinezmoney 06/21/19 09:07:13 AM
#4270   Orix maybe writting of its claim becase it Rootjim 06/21/19 08:57:38 AM
#4269   Thanks MastaBeta, for all we know you could Rootjim 06/20/19 07:38:31 PM
#4268   I only know what I read months ago. MastaBeta 06/20/19 06:11:40 PM
#4267   Orix withdrawing means they have a different plan Chy3a 06/20/19 05:27:21 PM
#4266   behzadzorro not sure how Mercuria could consummate this Rootjim 06/20/19 03:39:30 PM
#4265   $ANWWQ: What it means is that they are working makinezmoney 06/20/19 03:36:22 PM
#4264   Hmm.. that's good news! Hopefully we see a whatarush12 06/20/19 03:27:11 PM
#4263   $ANW: INteresting.... Orix investment withdrawing claim #000160 makinezmoney 06/20/19 03:21:09 PM
#4262   Hopefully it is "end of the year" not behzadzorro 06/20/19 03:12:17 PM
#4261   Behzadzoeeo it looks like Aegean Marine is Rootjim 06/20/19 02:27:07 PM
#4260   Thanks for you precious post. behzadzorro 06/20/19 02:09:02 PM
#4259   and to answer to your question,no i dont vagelis 06/20/19 02:07:24 PM
#4258   I'm wonder if it is possible to finish behzadzorro 06/20/19 01:55:07 PM
PostSubject