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However, the presence of convertibles helps keep SP depressed. Buyback first, as long as you know you can keep notes from converting, gets more bang for the buck. With notes gone and profits on the books, SP goes up and buyback becomes more expensive for the company.
Hey EZ, nice to see you here! I been holding this for a year now. You just doubled my confidence in a positive outcome here.
$DCAC
No, the point was that would produce a shit-ton of shares, which a 113 Billion qualifies!
If I am misunderstanding what fully diluted basis means and my number is low, that's not ignoring the point. That's still making it even using a more conservative number.
It was probably going to be that long anyway. There may be some small amount once all the claims are dealt with. But I wouldn't expect anything significant until the litigation portion of the program is completed, which is likely to last well into next year if not longer.
My math says more like 113 billion based on current OS. But that doesn't really change your point much LOL
You're completely misreading it. She's saying "Full steam ahead" "no resting on our laurels" "this is just the beginning"
I completely agree. All good news. I just didn't have any info on the directors they referenced.
Geez, settle down. I don't know those guys or what their assets or net worth are. I was just asking the question. I was mostly focused on DM and a little surprised to read he wasn't their target.
But if you say these other guys got the assets too then it's all like Fonzi.
And what's Fonzi like Yolanda?
Correctomundo! He's cool.
IKR? I guess whatever logic he's using makes PillPack and CVS sister companies too?
Yeah, but do the directors have the money to repay? That's all well and good to hold them responsible as well. But it only helps us if they get whoever has the money. Distributing jail time to my shares isn't the result I was looking for.
A very important lawsuit has been filed in a US federal court, the United States District Court for the Southern District of New York. The plaintiff is Peter Kravitz, trustee of the Aegean Litigation Trust, which was formed pursuant the Plan of Reorganization of Aegean Marine Petroleum Network Inc. and Its Debtor Affiliates that followed the case case filed by Aegean under chapter 11 of the United States Bankruptcy Code and the take-over of Aegean by Mercuria Energy.
Very nice! That's our guy running this suit. Lots of detail in the article. The forensic accountants have been hard at work.
UNITI may survive without WIN but their SP will still suffer. No way they can pay "normalized" dividends after losing 63% of their revenue. When div gets cut to a penny, major sell-off will crash SP of UNITI. Not a good result for them.
There are always people looking to jump on speculative info and get in at the ground before confirmation brings in more action.
Yes, we've had plenty of speculative info here. But eventually you hit the tipping point where it starts to move. It's not that any one piece is the magic catalyst by itself. It's guessing when enough of these pieces have accumulated the right amount of interest to cause a spark.
Those little nibbles after long stretches of no-bid, some of those are someone testing the waters looking for a reaction. We've had a few of those recently. This could easily get a spark any time now.
Good point. The tweet didn't say they were purchasing the business, says they are purchasing the BUILDING. Powell just keeps doing business like normal but with a new landlord.
Only if you're just some solar fanboy that can't accept the whole industry is built on false promises.
I hope you're right. But I fear the truth is coming out about solar.
The carbon footprint to create solar equipment cancels out the reduction in carbon footprint from creating solar energy.
Also it's much more expensive to go completely off-grid. And when still tied into the grid (which is required in almost all incorporated municipalities nationwide), power companies are finding ways to give less and less credit for the power they get from you.
The arguments for it are getting knocked down left and right and are having a negative impact on the industry. Thank goodness for the loons in California who know better than everyone else with common sense. They may still make a market for us after all.
I suspect they probably just purchased the site through IncomeStore.com
Absolutely we will. Any recoveries on that front will go into the litigation trust which is what ANW shares were converted to. Mercuria may be in line first to cover all the claims they paid out. But after all that is settled, remaining monies are paid to shareholders.
I was hoping for a token upfront disbursement to cover my initial investment. Not sure that will happen now. But very encouraged by proceedings in the fraud investigation and confident that will produce rewards, even if it takes a couple years to play out.
I believe there was recently a bill passed or an executive order or something to make purchasing pharmaceuticals from Canada easier in the US. Could be a legit pipeline forming.
Mercuria now owns AMPNI. AMPNI is the portion of the business that went public and became ANW back around 2006. Dimitris sold it off in 2016 in exchange for shares which he flipped for around $8/sh, don't recall how many shares he had. But that could amount to another $100+ million in securities fraud + penalties recovery on top of the $200-$300 million accounting fraud recoveries.
Mercuria now operates it as part of Minerva Bunkering.
Who owns AMPNI??
Everything on line points to him being the founder/owner??
Looks like it's just a click-through site. Not involved in actual sales and shipping, revenues based essentially on affiliate marketing. Could still be a decent income stream but let's not make it out as more than it is.
I don't know about Weissberg, but I thought Mars' background was in finance. Maybe that's in addition to accounting. But I would say it's that finance part that accounts (no pun intended) for the vision.
I have no doubt, that's why there's zero chance I would do it.
Technically it is possible. What you mean to say is 0% probability.
It's possible that I could drop $15000 to clear the ask, but it is 0% probable that I will.
Feels like some testing of the waters. Could finally be a move building.
Don't think she would be interested. Being top heavy on locations and fighting block by block for market share is what's killing a lot of these chains.
Being selective in locations to keep a small footprint with centralized production is key to the business plan here.
Maybe Fred's would be interested in parting out a key location or two. But thinking they are wanting quick sale to someone willing to scarf up big chunks at once.
There are still lots of companies under AMPHI which Mellisinidis still legitimately owns. You're still going to see plenty of Aegean signs around. Doesn't mean they were part of the AMPNI/ANW/ANWWQ deal.
In fact that's a good sign those businesses are booming. Means there should be plenty of cash to take from him so we can get our payday!
I would have to disagree on the heavy lifting comment. Heavy lifting is well under way with DOJ and SEC investigations getting cooperation from Greek authorities. Jan 29, 2020 would just be the soonest they could put a lid on unsecured creditors claims. Which means that's also the soonest we could get to the front of the line and put our hands out.
Which would mean the heavy lifting for the LTU's really would only begin, January 29, 2020..IMO
I was stupid. Got bored and started trying to flip it to get in lower. Sold on weds as it started going up and it never came back lol
Oh well, I'll keep watching for awhile and see what it does.
I don't disagree. I was responding to the possibility of a short attack after uplist and just a gave a couple reasons why it would be either short-lived (no pun intended) or completely blow-up.
On the assumption uplist will be preceded by an RS.
We have already met the original uplist deadline promise. NASDQ was included as a possibility in that deadline and so was the uplist to OTCQB, which we already accomplished. While the march forward to NASDQ continues we have already met the uplist deadline previously promised.
Probably, but with the reduced float and likely new buying interest it either won't fall far or will have a huge bounce on the squeeze.
I'm down! If they get Mellisanidis to cough up cash I'll be able to afford it!
Based on what? Is this just a chart read or is there some type of fundamental or news catalyst?
I believe your broker can vote on your behalf or your shares get voted with whatever the board recommendation is. But they'll get counted one way or another.
I got in a couple days ago at $3.50. Let's see what happens!
GO MMLP
so what happened to all the sticky posts?