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Aegean Marine Petroleum Network Inc. (ANWWQ)

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Last Post: 3/23/2019 9:50:29 AM - Followers: 76 - Board type: Free - Posts Today: 7















"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




 
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ANWWQ News: Termination of Registration of a Class of Security Under Section 12(b) (15-12b) 03/22/2019 04:18:11 PM
ANWWQ News: Amended Statement of Beneficial Ownership (sc 13d/a) 12/19/2018 04:08:10 PM
ANWWQ News: Report of Foreign Issuer (6-k) 12/17/2018 09:24:30 AM
News News Alert: Termination of Registration of a Class of Security Under Section 12(b) (15-12b) 03/22/2019 04:18:11 PM
PostSubject
#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
#1668  Sticky Note A potential recovery of money not stock. nodummy 02/17/19 11:28:56 AM
#592  Sticky Note $ANWWQ - Aegean Marine common stockholders to receive SC777 02/14/19 08:52:01 PM
#2923   This filing should be huge for SH confidence. MastaBeta 03/23/19 09:50:29 AM
#2922   Yes, very possible. This is getting interesting . SC777 03/23/19 09:17:25 AM
#2921   Yes, I was continuing your point while answering MastaBeta 03/23/19 09:11:06 AM
#2920   But that tells us that THIS particular ticker SC777 03/23/19 08:49:47 AM
#2919   They're required to, but most Q tickers don't SC777 03/23/19 08:48:49 AM
#2918   I don't think they have been because of MastaBeta 03/23/19 07:38:07 AM
#2917   That all depends. Are they currently SEC reporting? Shazbat 03/23/19 01:02:20 AM
#2916   Have to agree . Not only the price Rootjim 03/22/19 09:12:37 PM
#2915   That's right - there's no need for the SC777 03/22/19 09:06:17 PM
#2914   Yes Form 15 is unique is this situation. Rootjim 03/22/19 09:03:29 PM
#2913   I agree. I don't ever recall seeing JJZander 03/22/19 09:00:04 PM
#2912   I've been in many Q's - it's not SC777 03/22/19 08:54:25 PM
#2911   It is speculation now. However they could keep Rootjim 03/22/19 08:50:28 PM
#2910   Well they would change the ticker name right? TTTexas 03/22/19 08:29:20 PM
#2909   Should be interesting. They maybe planning to continue Rootjim 03/22/19 08:25:00 PM
#2908   Correct - but my point is that Q SC777 03/22/19 08:16:45 PM
#2907   Form 15 means they will no longer reporting Rootjim 03/22/19 08:15:29 PM
#2903   FORM 15 MEANING - if the ANWWQ SC777 03/22/19 08:05:14 PM
#2902   SC777..PEOPLE DON'T UNDERSTAND HOW BIG OF A MONSTER halbroke1 03/22/19 07:52:13 PM
#2901   It’s not delisting - it just means they SC777 03/22/19 07:45:30 PM
#2900   This will keep trading for a while fellas SC777 03/22/19 07:44:30 PM
#2899   I was thinking .50-$1.00, how do you get whatarush12 03/22/19 07:23:36 PM
#2898   ANWWQ $$$ NEXT WEEK SHAREHOLDERS COULD BE HUGELY halbroke1 03/22/19 07:06:53 PM
#2897   Just means they no longer need to report. JJZander 03/22/19 07:00:49 PM
#2896   What does that filing today mean? TTTexas 03/22/19 06:54:40 PM
#2895   Aegean submitted freshly-amended Chapter 11 plan? And Kimjk01 03/22/19 06:10:38 PM
#2894   The next hearing is Tuesday the 26th. calcola 03/22/19 06:09:18 PM
#2892   So Commons will receive somewhere between .50-1.00?? whatarush12 03/22/19 06:01:38 PM
#2890   https://www.law.cornell.edu/cfr/text/17/240.12g-4 calcola 03/22/19 05:47:54 PM
#2889   From what I gather under 12g-4 a 1 calcola 03/22/19 05:46:46 PM
#2888   Q.. So, no trade for Monday's & Tuesday until Chaka 03/22/19 05:29:29 PM
#2886   http://aegeanmarine.gcs-web.com/sec-filings/sec-filing/15-12b/0001140361-19-0054 Bomber74 03/22/19 04:40:17 PM
#2885   Form 15 filed after close calcola 03/22/19 04:39:38 PM
#2884   Churned through 1M between .06 and .08. SC777 03/22/19 04:07:50 PM
#2883   .078 beast close $ANWWQ Longer Than Most 03/22/19 04:04:00 PM
#2882   Will do! lol JMMatthews 03/22/19 03:50:14 PM
#2881   Idiot retailers flipping for peanuts here. Wake SC777 03/22/19 03:49:44 PM
#2880   Make em slap the ask and pay pay pay JMMatthews 03/22/19 03:43:15 PM
#2879   set sales order for $5 Bomber74 03/22/19 03:25:51 PM
#2878   Bodes* Yes very nice day thus far. Will be Longer Than Most 03/22/19 03:23:28 PM
#2877   CSTI is boxing. Sitting on the top bid Daytrader1 03/22/19 03:20:11 PM
#2876   Very nice day recovery. Chaka 03/22/19 03:18:00 PM
#2875   You owe me $1,000 RiverNorth0x 03/22/19 03:02:34 PM
#2874   More bidders at .076$ showing up Daytrader1 03/22/19 03:02:03 PM
#2873   Smh...CSTI holding it within its own range. Beyond obvious calcola 03/22/19 03:01:58 PM
#2872   We should be near or above .10 by Chaka 03/22/19 02:59:35 PM
#2871   Could be another nice power hour in store Longer Than Most 03/22/19 02:56:48 PM
#2870   Only ask slapping will get you in here imo Daytrader1 03/22/19 02:47:47 PM
#2869   Looking for .10+ on the close here, let's SC777 03/22/19 02:32:14 PM
#2868   ANWWQ$ .08s On Deck ! mr pancake 03/22/19 02:29:14 PM
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