Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
VOLUME BEFORE PRICE
FOLLOW THE MONEY
Jeez I wonder who’s buying all this volume - beer money mentality is killer...
Folks wish they held at .03-05 when all the games were happening and same thing happening again but the next move takes us to paper +
Sorry to those that got shook
The move will be spectacular
Down on low volume: all good
Screen shot
EXACTLY! Nothing has changed but fools showing up on a red day for cheaper entry.
Any fools wanna exit this golden road, I’m buying more tomorrow
A lot of smart money prevented this from closing .40 and below
Wouldn’t wanna be out or short when the report is released.
Volume says were ready for the next leg up.
Moving back up as expected
Not going any lower - and guess which resident clown in buying right now and will soon start pumping ?
1$ COMING QUICK TODAY
Dude relax, you ain’t looking too confident in your charts right now
Well said
Nice prediction.... LOL
Pre-market
Bid .4499 Ask .45
Damn someone is buying everything up - I wonder who lol
Weeeeeee
Shmp $$$$
Don’t think we’ll be seeing All In today
And the only reason why we saw some red after marker open was some newb got scared with the misleading gap down comments
That wasn’t a gap down - dip and rip - good luck picking up cheapies
Except your huge sell off prediction dkm
Looking like you gotta slap that ask
Some folks just panicked and sold before market close yesterday and want back in cheap...
Looks perfectly normal
Ummm what gap down?
Ofcourse not - cheaper entry is the only reason in the otc
LOL bro i aint selling anything: Heres the article
Shareholders move to block Aegean Marine plan
February 13th, 2019 22:23 GMT
by Matt Coyne
Shareholders embroiled in a class action lawsuit against Aegean Marine Petroleum Network's former officers and auditors are moving to block parts of the bankrupt bunkerer's reorganisation plan.
In court papers filed Tuesday, lead plaintiff Utah Retirement Systems alleges part of the plan makes their securities fraud lawsuit against founder Dimitris Melissanidis worthless by prioritising future litigation by the New York-listed bunker supplier's unsecured creditors on the same issues.
Creditors target Melissanidis with fraud allegations at Aegean Marine
Read more
New Aegean Marine bankruptcy plan gets go-ahead
Read more
"[This] is nothing more than a brazen attempt to strip [Utah Retirement Systems and its co-plaintiffs] of their direct claims ... in the hope of bolstering other parties' recoveries from the same defendants," the court papers read.
The US pension fund filed two lawsuits over the summer, alleging Melissanidis, Deloitte, Pricewaterhousecoopers and other directors engaged in insider trading, related party transactions and fraud. The lawsuits, which came after the company disclosed it had to write off $200m in accounts receivable, were combined in October and an amended complaint was filed 1 February.
Meanwhile, Aegean declared bankruptcy that November. The move came after it announced the $200m in accounts receivable was part of a larger scheme that saw money funneled to companies controlled by an "unnamed former affiliate" later identified as Melissanidis.
In December, Aegean and its unsecured creditors came to an agreement that saw them pay $40m and the proceeds from litigation against Melissanidis in exchange for their support in reorganizing the company. The unsecured creditors had previously argued the litigation claims were arguably the most valuable part of the business and should be assigned to them.
Utah Retirement Systems and their co-plaintiffs argued Tuesday that part of the plan subordinates their claims to the unsecured creditors'.
The plan, they say, includes "sweeping and virtually incomprehensible" third-party releases that, in order to oppose, parties must opt-out of.
If passed, the class action plaintiffs would allegedly only see money from the litigation claims if proceeds surpass $272m.
The US trustee has also called out the issue of the third party releases arguing in an objection, also filed Tuesday, that it does not provide "adequate information" on the releases and the legal basis that the plan will be approved including them.
Aegean did not immediately return a request for comment.
Speaking with TradeWinds last month, Aegean director Tyler Baron — not named as a defendant in the Utah Retirement Systems lawsuit as he was not on the board until mid-last year — said he expects the company to emerge from bankruptcy in March.
He said the backing from Swiss commodities trader Mercuria Energy group gives Aegean Marine the backing necessary to truly fully leverage its worldwide refueling network.
Shareholders are not creditors. Creditors have no ownership in the company.
Thanks for the 32,33's
If commons were being cancelled - we would know by now...
Looks like back to 3$
SHLDQ$
That article is dated feb 12, what’s the news tonight ?
That was a response referring to Gonz and the toxic diluted ticker she’s in, I’m long and bullish NNRX
lol says what source?
Looks like .34.-.35 eod
Lol begging for a pullback somewhere else
Awaiting on your next target captain