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...The first quarter Litigation Trust Quarterly Report was 12 pages long..It covered some highlights of the actions taken to recover our losses and gave an updated status, of the Litigation Trust finances (not audited)but was reviewed by an independent registered public accounting firm. The first quarter was from January 1st 2020 thru March 31. 2020
...Peter Kravitz is the Litigation Trustee of the Litigation Trust, along with the Litigation Trust Advisory Board, and Unsecured Noteholders to advise and consult with the Litigation Trustee..
...The Litigation Trust retained Reid Collins & Tsia L.L.P. to serve as special litigation counsel in investigating and pursuing causes of action against the Debtors former officers and directors.
....The Litigation Trust retained Kobre & Kim L.L.P. as counsel in the development and implementation of strategies seeking to recover value in connection with with the removal of assets of , and damages caused to ANW
The COVID 19 cases seem to be on the rise again..What this brings to us LTU's Class B Holders maybe bit of an unknown now..Hopefully progress has been made and we can see some better results in the second quarter Litigation Trust Quarterly Report which should appear around August 15. 2020..While were waiting I thought I would post some highlights of the first quarter report, in the next few posts..GLTA Class B LTU's Holders
Yes it has value in what buyers and sellers believe in what it's worth..Would be nice to know if DECN had a COVID 19 test kit, nearly ready for marketing..As of now, it's more of a pipe dream than a reality..At the rate DECN is rolling out this COVID 19 test kit . COVID 19 will be long gone, along with the shareholders money....IMO
This is not my first post and a hanging could be on the way at that..KB has no product to sell for Covid 19 tests..All he has done is sold shares into the Covid 19 panic.. When Covid 19 is over in a year or two there still will be no DECN Covid 19 test products..All that will be left is a bunch of DECN bag holders ..With KB track record you can count on it..
There is suppose to be a hearing tomorrow morning at 11:00 am. Doesn't sound like there is going to be one now, if no one appeared for the mew 5/13/2020 and filed to object to extending the claims, objection date, to 11/23/2020..This is the third extension by the Litigation Trust. I suppose everyone is waiting to see how much the Litigation Trust can recover from the Embezzlers, per bankruptcy ruling, everyone is falling in line.
..The interesting thing to me was AMEX , US bank and Deutsche Bank were on this list, the largest Creditors, to me the last shoe to drop, is starting to collect from the Embezzlers. The Litigation Trust Report has some of the details on how that is going to happen.. IMO
There is suppose to be a hearing tomorrow morning at 11:00 am. Doesn't sound like there is going to be one now, if no one appeared for the mew 5/13/2020 and filed to object to extending the claims, objection date, to 11/23/2020..This is the third extension by the Litigation Trust. I suppose everyone is waiting to see how much the Litigation Trust can recover from the Embezzlers, per bankruptcy ruling, everyone is falling in line.
..The interesting thing to me was AMEX , US bank and Deutsche Bank were on this list, the largest Creditors, to me the last shoe to drop, is starting to collect from the Embezzlers. The Litigation Trust Report has some of the details on how that is going to happen.. IMO
There is suppose to be a hearing tomorrow morning at 11:00 am. Doesn't sound like there is going to be one now, if no one appeared for the mew 5/13/2020 and filed to object to extending the claims, objection date, to 11/23/2020..This is the third extension by the Litigation Trust. I suppose everyone is waiting to see how much the Litigation Trust can recover from the Embezzlers, per bankruptcy ruling, everyone is falling in line.
..The interesting thing to me was AMEX , US bank and Deutsche Bank were on this list, the largest Creditors, to me the last shoe to drop, is starting to collect from the Embezzlers. The Litigation Trust Report has some of the details on how that is going to happen.. IMO
I've been reading that the Hong Kong flu (H3H2) in 1968 and 1969 was a similar respiratory disease and had similar results. One to three million worldwide died then. It was mostly ignored then, because of other world events happening at the time. It ended and life went on . I believe this is what we're starting to see now. I have to agree with you that the pace should start to pick-up and we start to see more pleasant results in, regards to our Class B LTU's
Do you think were making any progress towards Class B LTU's distributions. The Litigation Trust First Quarter 2020 Report seems to be showing a lot of progress.. This report has just came out and is on the Epiq Site. GLTU
behzadzorro it looks like the beginning of the end to me. Where I wish we were at, a long time ago.. The Embezzlers are starting to have more court dates according to the Quarterly Litigation Trust Report. Once the Embezzlers house of cards start to fall, we can start looking forward to our distributions.. IMO
Docket #691 seems to be about the Litigation Trust placing claims into Class A LTU's or Class B LTU's .. These claims will be put into there proper place , because this is how the bankruptcy determined how they should be paid. These are smaller claims that most likely will not fight this process. So this puts us further down the road to where we need to be, to get our Class B LTU's distributions. GLTA
Docket #690 appears to me, to be about claims, that were filed when Aegean Marine Petroleum Network Inc. was in bankruptcy. The claims seem to be Shareholders, who already have Class B LTU's, so they do NOT need to be paid from the bankruptcy, because they have Class B LTU's.. It really will make for clean payouts to Class B LTU's, when the time comes. If the Litigation Trust believed that, there would never be payouts to the Class B LTU's, then there would never be a need for this step, in my opinion.. GLTA
Thanks for letting us know the Litigation Trust First Quarter 2020 Report is out and out on schedule. Surprisingly the Litigation Trust has been very active in the first quarter of 2020, with all the Covid 19 going on . Also The Litigation Trust balance sheet is still very strong, which is causing the Defendants clock to run out, while we are pursuing them, for our Class B LTU's distributions. ... GLTA
Looks like it's bouncing off its' lows again. I missed the teens this time. Not sure if this is or was a real company, but seems to provide some trading opportunities. Nice picture , is that you .
I was just looking for those Shell Trading claims ( #10100/#10215 ). Did you find them on the Epiq Site? Those two are quite large and one being withdrawn, which is good news.. TIA
Took a look at the claim amount (claim #62), it was $ 15,302.51 . It was withdrawn , so Mercuria has less to pay in claims. In the bigger picture, it was a small claim that most likely was invalid and brings us closer to Litigation Trust distributions. GLTA Class B LTU's holders
Thanks for the updates. The DECN story still looks interesting, 2 cents or $20.. Something to do while waiting for a breakout on our story here and
for distributions to us Class B LTU's holders . GLTA
..1. Yes wondering what it means also. First of all I was wondering how much the claim withdrawal amount was, then after that if the funds would flow into the Litigation Trust, since funds may have been held in reserves.
..2.The First Quarter Litigation Trust Report should be out any day now , since were nearing 6 weeks past first quarter and this is normally when it comes out. Maybe we can get some clues where we're at.
..3.Been wondering whatever happened to AMEX claim. This was something that makinezmoney mentioned as a big hold-up in our payouts. So as far as I know there is a time factor here , that AMEX can play out to our disadvantage. I'm still puzzled by AMEX since they volunteered to be in the bankruptcy committee and now want to get paid for their success.
..4.Glad everyone is still staying tuned to our Class B LTU's, so I'm hoping we can get some kind of break in our payouts or more information on our payout timing.
..5.I'm looking forward to do some digging after we have waited awhile. The Covid 19 crisis doesn't seem to have helped us at all in speeding up The Litigation Trust process. Information seems to be hard to come by ,but I'm glad that we been working together to get all the information we can
..6. GLTA Class B LTU's holders--Stay safe and healthy
Have to agree, Covid 19 has slowed everything down.
I did not pick a date, because NWBO seems to blow by deadlines easily. However it seems hard to imagine, this DCVax-L trial going beyond this summer, without data lock. IMO
Why you say hopefully TLD in a month or two? I thought LP drew the line in the sand. Do you think, there is a possibility that TLD could be many months or years away?
Future Nobel Prize winner KB must be feeling a little pale now with SEC breathing down his neck. He's probably hoping the 10 million dollars he got from the pump and dump will make it worth all the while. IMO
Don't think much matters now to Mr. Berman. 53 million shares x 20 cents each, is well over 10 million dollars. He's set for life and I do not believe he's worried about being in the grey market with that kind of cash in the bank. I'd have to say he'll get a slap on the wrist, for taking over 10 million dollars from investors.
When will DECN produce over 500 million test kits ? When and where will I be able to buy just 1 test kit for Covid 19 ?
You sound like your invested in this in a big way. Hope it works out for you. I'm still waiting for SEC Petition Rule 550 to end trading suspension. Keith Berman says they are going to file SEC Petition Rule 550, so I'm still waiting for it, to find out what really happened .
Have not been following AYTU, so maybe others here, have some suggestions.
..We still have to focus on ANW here, so while ideas are always nice to hear, we are still waiting for our funds from the Litigation Trust.
..Would like to see more dockets and this board become more active in anticipation of receiving our recoveries. GLTA
I have not followed PCTL as much as DECN, so I really don't know a lot about it. The ones that suggested it on this board have been reliable and the price action has been good also. My price target when it was below 1 cent was 10 cents. It still looks like a good play with this Covid 19 still causing problems. Just be careful not to be a bag holder like some in DECN land.
..Will be looking forward to the first quarter 2020 Litigation Trust Report on about May 15, 2020. Hopefully we can get things back up to speed here and the Covid 19 in the rearview mirror soon. GLTA
I think DECN is burnt toast heading to the grey sheets and trip land. If they file a 550 with SEC, that would interest me. So these plays are of interest, while were waiting for our Litigation Trust payouts. GLTA
Been out of DECN for years. Was hoping for some funds, from here when DECN was 2 cents per share a while back. Would have been interesting, to try to play it out.. Glad you got out in time... PCTL looks interesting now. Even though it's not below 1 cent any more, I think investors maybe ready to run this one up now, due to other dying Covid 19 plays. I do think this one is more legit. Just be careful to get out when it's overpriced like you did with DECN.. Other than that just waiting for for funds here and doing some work on the house, on the sunny days. GLTA Class B LTU's holders
If DECN would file a 550 with the SEC, it would enlighten shareholders more than any PR . IMO
DECN most likely, will NOT file a 550 with the SEC, because the truth would be to painful. IMO
A lot of details there, I would guess, DECN would NOT, petition the SEC.. It would expose them, to a lot of shareholder lawsuits. IMO
..DECN suffers from BIG SEC FREEZE
..
..We need a BIG THAW for our Class B LTU'S FUNDS
Just saying that was the plan. So we wait more.
Did NWBO announce TLD or partnership at ASM yesterday ? Was wondering because I believe it would be INTERESTING if they did.
Another thing I would like to bring up. Some here have mentioned DECN as a good investment. I would like to warn them, that DECN has filed a Form 15, meaning that they do not have to report financials to SEC, which in turns means they can do whatever they want with earnings, such buying their own private jets or pay themselves huge bonuses. DECN has a history of spikes and drops. Just make sure you get your original money back and enjoy the pump
..At least here with our ANWWQ Class B LTU's we do not need to worry about buying and selling because there is none. The new owners of ANWWQ, Mercuria are not a bunch of broke scammers, but rather billionaires that need to be reminded that we exist and are still waiting.
..Also some of the ex-directors of ANWWQ have hundreds to a billion dollars that need to be returned to us Class B LTU's ..GLTA
Docket #686 is a post bankruptcy quarterly report of Aegean Marine Petroleum Network Inc., formally know as ANWWQ...Now is a division of Mercuria, renamed Minerva Bunker..
...What I'm wondering about Mercuria, is they have so much cash, it looks like they paid all of ANWWQ debt off. Which in turn would give Mercuria a huge amount of assets, that produces a huge cash flow.
...So who is going to watch out for us and how will we find out ? It seems Mercuria got ANWWQ for pennies on the dollar because the ex-directors did not want to go to jail and were trying to hide stolen funds.
...At this point I can only speculate a few things.
...1. The ex-directors of ANWWQ will claim that it was worth more than Mercuria paid for it, so they never lost anything.. Which would then mean we should be be entitled to an equity payout.
...2 The Litigation Trust should provide us with an accountability report of what happened to all of the funds that ANWWQ had. What Mercuria did with all of the funds ANWWQ had.. Most of all there should be an equity evaluation of fka ANWWQ.. So if Mercuria paid 2 billion paying of ANWWQ debt, but ANWWQ is worth 5 billion.. Then there is equity that should be paid by Mercuria to ex-shareholders.. The best way to do this in my opinion, is just to payout $3.00 or more to each Litigation Trust Unit (LTU)..
...It does look like has Mercuria has done it's part to speedup the process for us. Just hope they to not forget us Class B LTU's or someone can force their hand. GLTA
Would be nice to have a surprise payout, while the market hits bottom.
As far as the timing of the payouts..The Covid 19 pretty much has shut-down everything.. Everything was going at lightening speed, until the Covid 19 came along. So for now, all we can hope for,is some good comes out of all of the recent mess. GLTA and stay safe.
There are no more shares, only Litigation Trust Units (LTU's). The shares have been exchanged 1 share for 1 Class B LTU..Payouts could workout to be a lump sum or many smaller distributions over the years, which will be a more likely scenario..Remember there are also, Class A LTU's.. (Creditors).. which will have to be paid first and then after that. Class B LTU's (Shareholders) will be second in line.