Hercules Offshore Inc (fka HEROQ)

[mike_dotcom]

Looks like they are no longer giving monthly updates. But I bet they're still collecting a paycheck What a scam.

[mike_dotcom]

That was from 2019.

[jdhopki]

your 24 Dec post

[jdhopki]

your 24 Dec post

[mike_dotcom]

I have not. Where did you hear about it?

[jdhopki]

Has anyone else seen a pending 1.25/share in their account? I Have not!

[mike_dotcom]

THE SCAM THAT GOES ON FOREVER. "ORDINARY COURSE PROFESSIONLS" SUCKING THE REMAINING FUNDS DRY.

[mike_dotcom]

WHAT A SCAM THIS BANKRUPTCY IS. THE BOD GOT $45,000 THIS MONTH FOR DOING ABSOLUTELY NOTHING. CAPITALISM AT ITS FINEST.

[mike_dotcom]

THIS BANKRUPTCY IS GOING TO GO ON FOREVER - WELL UNTIL THE FREE MONEY RUNS OUT.

[mike_dotcom]

Well, I know I'll never get all of my investment back.

[MDee]

no miracle at all, only outcome from your investment

[mike_dotcom]

IT'S A CHRISTMAS MIRACLE!!

The 4th distribution to the shareholders - $1.25 per share held. It's actually already showing up in my account as "pending".

[mike_dotcom]

The shareholders will be the last to know. This may end up being the longest bankruptcy in US history. I imagine the "LIQUIDATING TRUST PROFESSIONALS" are going to milk it dry. I doubt we'll ever get another penny.

[MDee]

Mike, anything new?

[mike_dotcom]

Another month of free money for doing absolutely nothing - Ordinary Course Professionals 113
Liquidating Trust/Estate Professionals 21. Dollar amounts in the thousands.
"The Trust did not make distributions to holders of the Wind Down Entity Interests during
the period." Nor will they EVER.

[mike_dotcom]

THE SCAM CONTINUES. IF YOU WERE ONE OF THE "LIQUIDATING TRUST PROFESSIONALS" WOULD YOU WANT IT TO END? YOU'RE PAID THOUSANDS PER MONTH FOR DOING ABSOLUTELY NOTHING!! WHY WOULD YOU WANT THAT TO END?

[mike_dotcom]

[mike_dotcom]

Apparently this just goes on forever.

[mike_dotcom]

Same old same old. The "directors" just keep on kicking the can down the road while they keep drawing a pay check. Money for nothing (and the chicks are free). Meanwhile business is almost completely over. Little revenue now and the directors keep on "working" to resolve issues related to the bankruptcy. Wish I could find work like that. Not sure if we shareholders will ever see another penny, even though there should be nearly $100 million left. All that will probably just disappear.

[kingseve]

What is the latest mike?

[mike_dotcom]

These criminals are planning on keeping that money.

[SATELLITE]

HEROQ, I Agree..........

GLTA Longs

[mike_dotcom]

Isn't the money that was set aside in the reserve account OUR MONEY?? That was 84 million. Divided by 19 million shares that equals roughly 4.40/share. GIVE US OUR MONEY!

[mike_dotcom]

Three years now and still going...the lawyers and the administrators love it. There is still money in both reserve funds - will WE ever see any of it?

[SATELLITE]

HEROQ, too bad this thing is still going. Lawyers are loving it for sure, do nothing and get paid....

GLTA Longs

[mike_dotcom]

Looks like no update this month. Guess they're too busy spending that 100 million.

[mike_dotcom]

Does anyone here think we'll ever see any more money out of this?

[mike_dotcom]

Do these bankruptcies just go on forever?

[mike_dotcom]

I did receive mine too. It was so small that I didn't notice it.

[jdhopki]

pay out was .2501/share and posted to my accounts on 10 December.

[jdhopki]

Got mine last week for both trading accounts.

[mike_dotcom]

Anybody get any money yet?

[mike_dotcom]

Well it looks like they're giving us a pittance of our money - 5 million. At this rate it will take years to get anything out of what was put aside - the 84 million. The scam continues.

[mike_dotcom]

Sure would be nice to get the rest of OUR money. There should be over 100 million left.

[mike_dotcom]

My money finally showed up this afternoon. I'm curious as to whether this money came out of what was left (the 33 million) or the reserve account that was set aside at the beginning of the bankruptcy. There is still nearly 100 million left either way.

[kingseve]

Got my 11,000 approximate dollars today

[mike_dotcom]

THE SCAM CONTINUES. I'VE RECEIVED NOTHING AND FIDELITY KNOWS NOTHING.

[mike_dotcom]

Well, it looks like we're finally getting a distribution - $20 million. "Pursuant to the Plan, future distributions, if any, to holders of the Wind Down Entity Interests
will be paid only to the extent of available funds and if declared by the Trust." Notice the "if any" part. Me thinks they have other plans for the remaining $100 million.

[mike_dotcom]

Well, we finally got last month's report and they still have 33 million. Plus the remaining amounts in the reserve accounts - whatever that is. Still no distributions to us though.

[mike_dotcom]

I guess we're never going to hear from these guys again.

[mike_dotcom]

Well, now that the debtors have been paid in full it looks like we may never hear from anyone again. I imagine the 84 million put aside for the shareholders will disappear. Plus, at the last monthly report (probably the last one we'll ever see), there was over 30 million more dollars. That's quite a haul for the crooks running this scam.

[mike_dotcom]

Looks like I was wrong about getting this month's report. They're just going to give us NOTHING.

[mike_dotcom]

I'm predicting another week of NOTHING and then we'll get the report next week showing us how much money has disappeared.

[mike_dotcom]

I was right again - NOTHING this week, At the end of the month we'll get the status report that shows you how much money is disappearing. Rinse and repeat. I doubt we'll get anything this year. I still say the plan is to keep this scam going until all the money is gone. We have a scam artist as president- shows you it's just the way of the world.

[mike_dotcom]

I'm predicting another week of NOTHING. In fact, make that another month of NOTHING. How about another year of NOTHING?

[mike_dotcom]

Looks like another week of NOTHING.

[mike_dotcom]

Nope.

[kingseve]

Can we call and bitch?

[mike_dotcom]

NOTHING THIS MONTH. MAYBE IN ANOTHER YEAR OR SO. THESE NEW BOARD MEMBERS HAVE TO SOAK UP SOME FREE CASH.

[mike_dotcom]

Just like I predicted - the new board members have to soak a paycheck for a few months - or years.