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..The Litigation Trust is still alive, pursuing recoveries for Class B LTU Holders. They need to wait for the Utah Retirement System case to be completed. The accounting firms have agreed to cooperate with the Utah Retirement System, once the settlement is made. This should be the beginning of the end for the Fraudsters, when the accounting firms start spilling the beans. Yes the accounting firms have agreed to cooperated with the Utah Retirement Systems, as part of their settlement, per DocketBird. GLTA Class B Holders
...I see on Docketbird --the Utah Retirement Systems has no objections , in regards to its lawsuit against the former Accounting Firms of Agean Marine Petroleum Network Inc.. This will give our Litigation Trust more ammunition in recovering funds for, Class B LTU's distributions. GLTA Class B LTU Holders
.. Sounds like they are both suffering from some sort of amnesia. Regardless, Western ways are prevailing again.
..While Worlds events unfold, Mercuria could cut us, (Class B LTU Holders) a check, from their record oil profits. Just saying GLTA
..That is possible, however the Litigation Trust is still active in recovery our losses and has plenty of funds to do so.
..Dimitris would have to pay 20 times what he stole from Aegean, to own it again.. He will never get Aegean back and is such a fool for being a thief. The Litigation Trust is still biting at his heels to get our money too. GLTA Class B LTU Holders.
Yes News Money reports it is Dimitris. Must have been where he has been investing all of our money, so it looks like he has plenty of money to pay up. GLTA Class B LTU Holders.
..Your the man , this baby needs to come alive, sooner the better.
..Longtime for sure and no dry land in sight. Quite an adventure for sure . GLTA Class B Holders
Always good to get news from Greece. Thanks vagelis
..We are getting close to our next, Litigation Trust 4th Quarter 2021 Report, which should be out around February 15th. GLTA Class B LTU Holders.
All I can interpret out of all of it , it would be cheaper for Melissanidis to pay up, than to continue to fight us Class B LTU Holders... $ 3.00 per Class B LTU Holder will get him off the hook, as far as I'm concerned. GLTA Class B LTU Holders
vagelis great to hear from you in Greece and that you can give us updates, thank you my friend . Hopefully we all can meet there someday and enjoy better days.
Looking forward to a better year (2022) for all us.
..Happy New Years to all. May 2022 bring GOOD LUCK to all of us Class B LTU Holders and much more, in many ways..
A fair option for Minerva Bunker, would be to offer each Class B unit holder $3.00 per unit, if they wish to surrender it to them.
..The fraud committed to us Class B LTU Holders is so HUGE that it is not even funny.
..Dimitris Melissanidis is reaping his rewards in his shipping company, with many new tanker ships, from our stolen CASH . Also Minerva Bunker is reaping its' rewards acquiring Dimitris Melissanidis assets from bankruptcy. Someone needs to step up to the plate for us little guys. Really a fair settlement for us class B LTU Holders should be a billion dollars. It would send a message to crooks, not to mess with the little guys . BTW a billion dollars would come out, to about $20 per Class B Unit. GLTA Class B LTU Holders
..Minerva Bunker had to know what swindlers the old Aegean folks were, because they were the ones to set-up the Litigation Trust
..Now that they own Aegean Marine Petroleum Network, Inc. and making billions . Why doesn't Minerva share the wealth with us ? After all we made it possible. They can arrange a settlement with the crooks for us or pay us now a special award of $1.00 per unit while we wait.. After all I heard oil is heading well over $100 per barrel due to Keystone being shutdown, Biden anti oil policies, surging economies in 2022 and 2023, and booming demand for jet fuel. Minerva Bunker please share the wealth, after all you can't take it with you.
..I do not know why Minerva Bunker cannot pay us Class B LTU Holders a dollar per unit while we wait for our payouts.. It would only be pennies for them.
..Also why these courts cannot see what crooks these old Aegean Marine Petroleum Network folks are.. What is wrong with bringing crooks to justice and making them pay up ? GLTA Class B Holders.
Thanks TopStockTiger and may you have a blessed, prosperous and Happy Holidays too
..It certainly is wise to wait for the money to be in our accounts. We still have many hoops to go thru to get our money, even if we win our cases. The Litigation Trust will still want there percentages. They also will need to go thru a collection process, to pry our money out of Dimitris Melissandris hands, amongst many obstacles in the way, for us to recoup our funds. GLTA Class B Holders
.. Vagelis thanks for the third part, of the series of articles. It's an interesting article from Greece, that is not painting Dimitris Melissanidis as a hero, but rather a thug as he is
..As stated in the article Mr. Thomas helped Earnest Young Group (EY) with the investigation of AMPNI ( Aegean Marine Petroleum ), by gaining access to the computer servers. Dimitris Melissanidris came into conflict with him ( Mr. Thomas ) who then went to the hospital. Then went into hiding, fearing for his safety. Also a few weeks later Dimitris Melissanidis attacked EY employees investigating the fraud he had committed.
... There should be enough evidence to put him in jail by now and to get our money back and some more by now.
..GLTA Class B LTU Holders
..Thanks for the article vagelis. Looks like Melissandis may as well pay us Class B LTU Holders now, or pay us triple damages later. GLTA Class B Holders
..Yes we both seem to be right, from our different situations. It seems quite odd that the fraud has been committed, documented, and restitution is taking so long. May we get to the finish line sooner than later. GLTA Class B LTU Holders
..How did you come up with the figure of 20 to 30 cents and who would it be paid to ?? Have to agree, that the Class B LTU's should receive much more. Like closer to $3.00 per Class B LTU.. after all is said and done... GLTA Class B LTU Holders and Happy Holidays.
..Would be nice if Schwab knew, that something is in the pipeline, for future distribution. GLTA class B LTU Holders.
..Yes the litigation Trust Quarterly Report came out today. Oddly they called it the monthly report, regardless they still have 14.5 million dollars to pursue claims, to recover our due dollars. GLTA Class B Holders
..Really what I believe to be key here is , PWC Greece is making a Settlement for 14.9 million. Then will be providing documents to the Utah Retirement Systems i.e. switching sides to the favor of the Plaintiffs (Utah Retirement Systems). Not good news for Dimitris Melissanidis. GLTA Class B Holders
..I believe the Utah Retirement Systems and Litigation Trust cases are more about fraud , than market valuations , which are no longer related to present market valuations. GLTA Class B Holders.
..Good translation.
Thanks for the news vagelis .. PWC Greece is making a settlement with the Utah Retirement System for 14.9 million, without admitting any wrong doing, will provide Utah Retirement Systems documents required by the Courts . The Utah Retirement Systems case will continue, but without PWC Greece, i.e. a partial settlement So no money for us Class B LTU Holders, but another step towards unraveling the puzzle. GLTA Class B Holders.
..Would like to also mention that the Litigation Trust Quarterly Report should be out today. If not my math could be off or something is amiss. GLTA Class B Holders.
..It looks as if the Utah Retirement Systems may be on the way to a settlement. Looks as they have enough evidence to have a valid claim.
...This should give our Litigation Trust something to chew on. GLTA Class B LTU Holders.
..Also noticed on your fact sheet on tanker prices, Minerva Marine was ranked # 31 .If this is the same company as Minerva Bunker, I hope they have a payday planned for us Class B LTU Holders someday. All of the Aegean Marine Petroleum Network Inc. prices have gone thru the roof. I would like them to make this right somehow, instead of being like the other crooks.
...Yes interesting that the tanker prices seem to be fairly high. Also one would think George Melissanidis is buying an aging fleet at fire sale prices, but the article mentions that his fleet of ships, will have an average age of below 3 years. I would guess he knows he's in hot water with his lawsuits, so he's down playing his net worth. GLTA Class B LTU Holders.
.. Yes thanks for the correction. Not sure how a ship could be purchased for 3 million, 7,000 dwt. Also the prices of total 114,000 dwt, 4 ships to be delivered in 2022/2023. Considering a small yacht could cost 3 million, so not sure what's going on there ??
..Yep he should be able to sell one ship ,to pay back what he stole and then still have 34 ships to play with. GLTA Class B LTU Holders
While Epiq 11 has been posting Dockets on Aegean Marine Petroleum Network Inc , Docketbird also has been busy posting Dockets related to the Utah Retirement Systems case.
...An impasse has been made on the PROTECTIVE ORDER.. Docket #315 Utah Retirement System case..
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..I seemed to have picked up on the fact that the Plaintiffs cannot use the information seized by the former Directors of Aegean Marine Petroleum Network Inc. in Greece ( mainly by Tyler Baron), in the USA Court of Law...(Lack of Jurisdiction)... Which seems to explain the difficulties we are having collecting on our 53.19 million Class B LTU's . Fear not though fellow Class B Holders . The Utah Retirement Systems and the Litigation Trust have not given up, so we should carry on, also demanding are due share, with all the interest lost, from the booming stock market ( triple damages ) GLTA Class B LTU Holders
..Looks like more cleaning up for post bankrupt Aegean Marine Petroleum network Inc., now Minerva Bunker.. Stated Final Decree Date now 6/30/22..As far as Class B and A Litigation Units go, it appears to have nothing to do with the Litigation Trust. Unless someone has better information , it looks like us Class B LTU Holders will be praying for the Litigation Trust success . GLTA Class B Holders.
..Nice get some Dockets again. Hopefully we'll start to get them on a more regular basis, so we can unwind our Class B LTU puzzle. GLTA Class B Holders.
..One thing I find interesting is that the Defendant Dimitris Melissanidis has two Attorneys, Peter M. Skinner and Sabina Mariella in the Utah Retirement Systems case. For a guy that pleaded that the U.S.A. Courts had no Jurisdiction over him, he seems to be a little concern now and becoming aware now that ripping off Americans is unwelcome news. That have consequences and that can cause him much pain. GLTA Class B LTU Holders