Trico Marine Services, Inc. (fka TRMAQ)

[whynot3]

any idea about what will happen to the commons?

[Renee]

TRMAQ: TRMAQ Trico Marine Services, Inc. Common Stock New 1/31/2012
Plan of Bankruptcy Effecitve. All shares have been cancelled. Deletion time: 9:50:09

http://www.otcbb.com/asp/dailylist_detail.asp?d=01/31/2012&mkt_ctg=NON-OTCBB

[rych72]

Right on ernie!! I agree 100%. But, I owned that one years ago before there LAST bankruptcy. They will draw this out for ever just like last time when they were trma. Take care. Good luck sarge.

[ErnieBilco]

You know what you wanna make on it..... don't overstay because gains from an unexplained run can evaporate pretty quick.

Enjoy.

[rych72]

I know I got to get out soon! They just had a 300% run!

[ErnieBilco]

Nope I'm not in...... It is too risky not knowing what day the shares get cancelled.

[rych72]

Bilco your in trmaq? Un-fortunatly I am! LOL

[KissMyCash]

sold way too soon. owned 50k at .01. dangit!

[hondaboost]

TRMAQ news: Liquidation and commons are canceled:

http://biz.yahoo.com/e/110817/trmaq.pk8-k.html

17-Aug-2011

Bankruptcy or Receivership

Also, as previously disclosed, on August 2, 2011, the Bankruptcy Court entered an order (the "Confirmation Order") confirming the Chapter 11 plan of liquidation (the "Plan") for the Company,...

As previously disclosed on a Form 8-K filed by the Company on August 5, 2011, regardless of when the Equity Interests (as such term is defined in the Plan) in the Company are canceled, holders of Equity Interests will receive no distributions under the Plan. ...

[ErnieBilco]

Something somewhere somehow, has created a buying frenzy I just can't find anything to explain it. Sorry.

[Imperial Whazoo]

Thanx man. I believe you now that it is backed by evidence. Even so, it is nutso that the price went up on the event. Seen a lot but this is a new one 4 me.

l8r

And thanx again.

Imperial Whazoo

[ErnieBilco]

But the commons are IN FACT toast.

The Plan is a liquidating plan that provides, among other things, for the liquidation of the Plan Debtors’ remaining assets by a Plan Administrator and for the satisfaction of all Allowed Claims. All existing Equity Interests in the Company will remain in place for a period of 90 days after the Effective Date, pending a decision by the Plan Administrator to implement certain transactions described in the Plan. Should the Plan Administrator not elect to keep the existing Equity Interests outstanding, such Equity Interests shall be cancelled on the 90 th day after the Effective Date. In either event, existing holders of Equity Interests will receive no distributions under the Plan.

I think the surge was due to confusion about whats happening. The new equity is going into a private company.

ITS JUST MASS CONFUSION AND SOME GAINS SHOULD BE BANKED BEFORE THE BUYERS FIGURE OUT THEY ARE BUYING DEAD STOCK.

[Imperial Whazoo]

Don't insult me with your unfounded tripe. P&D artists are crooks in my book. Are you one?

Imperial Whazoo

[hondaboost]

TRMAQ might be out of BK shortly as it's been in bankruptcy for 2 years and all common shares will be Wiped Out!

[hondaboost]

Do you Pump And Dump? Those guys are pumping it up so that people are buying in while they're actually Dumping all the shares before the wipe-out.

[JJL]

It makes me wish I bought .01's when I noticed the bounce chart. One heck of a bounce!!
Jason

[Imperial Whazoo]

The thing puzzles me too. A poster earlier said that the common are going to get blown away due to coming out of BQ, but the price move today says otherwise. The only thing I can guess is that the poster saying this wants shares so he posts that they will disappear to get people to bail. But thats just a guess.

If they are not going to be worth anything as a result of the end of BQ, why is there a market for the shares today? Who would load up on shares that are doomed to be worthless? Doesn't make sense.

Imperial Whazoo

[JJL]

Something is up! I thought it would do a technical bounce but this is crazy!!! I think the commons could be remaining?

[hondaboost]

TRMAQ is going out of Bankruptcy and the Common shares are wiped out!

as JHTAQ did today.

[MightySam]

TRMAQ!!!

[stockinfosponge]

I think there may be a gradual climb this week. MM's computers will run the show.

[JJL]

I think someone is counting on a technical bounce. JMO

[KissMyCash]

someones taking a big position..

[skyzoom]

I got out yesterday after reading liquidation news. It still going up eventhough it's worthless. Why I don't know.

[Enterprising Investor]

Debtor files Plan of Liquidation (2/25/11)

Class 9: Old TMS Equity

Impaired. Old TMS Equity will be cancelled or otherwise terminated and Holders of Allowed Old TMS Equity will receive no Distribution under the Plan.

Source: Epiq Systems [Docket 975]

[skyzoom]

New company is formed by exchange of $400M debt representing 85% of equity, 5% assigned for Trico Marine shareholders (about $23 M) which is worth $1+ ($23M/22M outstanding shrs). TRMAQ now is trading for $0.05 which means it is way undervlued.

[confissius]

dont now,sorry

[skyzoom]

I thought common shaeholders will receive 5% of thenew company. Is that so?

[confissius]

ihub

[topdawg tdr]

LINK ?

[confissius]

NEWS

[confissius]

NEWS

[utmostbastard]

Did I miss a docket?

[Enterprising Investor]

Lucky for you these things don't happen overnight.

[Iron Maiden]

Seems to be trading up today despite...

http://www.otcmarkets.com/stock/TRMAQ/quote

[Enterprising Investor]

Worthless.

[Iron Maiden]

What does that mean for us commoners...?

[Enterprising Investor]

Secured Noteholders are impaired.

Class 2: 8.125% Notes Secured Claims
Estimated Amount of Claims: [ ]

Impaired. Except to the extent that a Holder of an Allowed 8.125% Notes Secured Claim agrees to less favorable treatment or as otherwise provided in the Plan, and to the extent not previously paid, Allowed 8.125% Notes Secured Claims shall be paid from the proceeds of the sale of Collateral securing such Claims. Holders of Allowed 8.125% Notes Secured Claims shall retain their Liens and any other interests in and to any Collateral securing such Claims, provided however, that upon any sale of such Collateral, in whole or part, such sale shall be free and clear of any such Liens, Claims or other interests, with such Liens, Claims or other interests attaching to the proceeds of such sale in the same priority as existed prior to such sale. Any 8.125% Notes
Deficiency Claim shall be treated as a Class 6 General Unsecured Claim and shall be entitled to vote in such Class to accept or reject the Plan.

[Enterprising Investor]

Debtor files Plan of Liquidation (2/25/11)

Class 9: Old TMS Equity

Impaired. Old TMS Equity will be cancelled or otherwise terminated and Holders of Allowed Old TMS Equity will receive no Distribution under the Plan.

Source: Epiq Systems [Docket 975]

[Enterprising Investor]

Judge Shannon Grants Motion to Extend Exclusivity (2/14/11)

Debtor may file a plan through and including 2/28/11.

Solicitation of acceptances is extended through and including 4/29/11.

Source: Epiq Systems (Docket 912)

[confissius]

What the PPS wil do after the chapter 11??

[bartos9]

chapter 11 plan that will "benefit all constituencies"

all constituencies = common gets a piece of the pie - merrrrry christmas

[bartos9]

Docket 672 - page 17

Debtors are not requesting an extension to pressure their creditors in any way, but instead merely to gain sufficient time to formulate a chapter 11 plan that they believe will benefit all constituencies.

[bartos9]

Docket 672 - pg. 17


extension of the Exclusive Periods will increase the likelihood of a greater
distribution to the Debtors' stakeholders by facilitating an orderly, efficient, and cost-effective
sale and plan process for the benefit of all creditors

[bartos9]

Trico to Sell Remaining Towing and Supply Vessels

http://finance.yahoo.com/news/Trico-to-Sell-Remaining-prnews-4179874025.html?x=0&.v=1

[bartos9]

warrants - Docket 581

http://dm.epiq11.com/TMG/docket/Default.aspx?rc=1

[benjo]

so what the heck is going on with trmaq?