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Not sure, but if it's not good enough,
that would be seriously lame!
Not sure but probably need the production revenue
from their partner products before having the funds to UL certify and then manufacture?
Mic drop, boom!
as long as dakota, karmak, poison, and wallst are-here,I'll-average-down!
Aww snap!
as long as dakota, karmak, poison, and wallst are-here,I'll-average-down!
as long as karmak, poison, and wallstreet are-here,I'll-be-averaging-down!
So much volume today, MMs just trading back&forth?
It's very easy to click Username, then Ignore/Block
You have to admit HB, with MedRecycler it was "real"
Or 500B o/s?
Is o/s up to 100B yet?
sorry, I don't know, wish I did
Is this all that's left of $40M?
I'm no accountant by any means, lol
Aegean Litigation Trust
Balance Sheet
As of June 30, 2023 Accrual Basis
Jun 30, 23
ASSETS
Current Assets
Checking/Savings
Aegean LT-Disputed Cl Rsrv 5528 4,078,714.56
Aegean LT-Operating 5510 8,692,595.55
Total Checking/Savings 12,771,310.11
Total Current Assets 12,771,310.11
TOTAL ASSETS 12,771,310.11
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable
Accounts Payable 86,645.75
Total Accounts Payable 86,645.75
Total Current Liabilities 86,645.75
Long Term Liabilities
Litigation Trust Loan 11,850,000.00
LT Funding Fee Payable 3,000,000.00
Total Long Term Liabilities 14,850,000.00
Total Liabilities 14,936,645.75
Equity
Disputed Claims Reserve 4,018,706.73
Funding Fee -3,000,000.00
Retained Earnings -2,813,072.07
Net Income -370,970.30
Total Equity -2,165,335.64
TOTAL LIABILITIES & EQUITY 12,771,310.11
All of the proofs of claim filed against Aegean in its Chapter 11 Case have been either
reclassified, disallowed and expunged, allowed, settled or otherwise resolved. The Litigation Trust
is in the process of completing distributions from the Disputed Claims Reserve4 to Holders of
Allowed Aegean Unsecured Claims.
1 Capitalized terms used but not defined herein shall have the meanings ascribed to such terms in the Plan.
2 Section 4.10(g) of the Litigation Trust Agreement provides that the Litigation Trust has the authority to “expunge from the
Claims Register Disputed Claims or Interests that have been paid, satisfied, superseded, or released and adjust on the Claims
Register any Disputed Claims or Interests that have been amended without having to file an objection to such Disputed Claims
or Interests and without any further notice to or action, order or approval of the Bankruptcy Court; provided, however, that
beginning at the end of the first full calendar quarter that is at least 90 days after the Effective Date, the Litigation Trustee shall
file with the Bankruptcy Court each calendar quarter a list of all Disputed Claims or Interests that have been paid, satisfied,
superseded, released, or amended during such prior calendar quarter.” Reports for prior quarters in which the Litigation Trust
addressed claims pursuant to this provision are available at the following website: https://dm.epiq11.com/case/aegean/dockets.
See Notice of Litigation Trust’s Quarterly Disputed Claims Report for the Period July 1, 2019 through September 30, 2019 [ECF
No. 659]; Notice of Litigation Trust’s Quarterly Disputed Claims Report for the Period October 1, 2019 through December 31,
2019 [ECF No. 660]; Notice of Litigation Trust’s Quarterly Disputed Claims Report for the Period January 1, 2020 through
March 31, 2020 [ECF No. 703]; Notice of Litigation Trust’s Quarterly Disputed Claims Report for the Period April 1, 2020
through June 30, 2020 [ECF No. 708]; Notice of Litigation Trust’s Quarterly Disputed Claims Report for the Period January 1,
2021 through March 31, 2021 [ECF No. 746]; Notice of Litigation Trust’s Quarterly Disputed Claims Report for the Period
January 1, 2022 through March 31, 2022 [ECF No. 775]; Notice of Litigation Trust’s Quarterly Disputed Claims Report for the
Period April 1, 2022 through June 30, 2022 [ECF No. 790].
3 Pursuant to Article VIII.B.2 of the Plan and section 4.3(b) of the Litigation Trust Agreement, the Litigation Trustee has the sole
authority to settle or compromise any Disputed Aegean Unsecured Claim without any further notice to or action, order or
approval by the Bankruptcy Court.
4 On the Effective Date, Mercuria funded the Aegean Unsecured Claims Cash Pool in the amount of $40 million. Pursuant to the
Plan, the Litigation Trust established a Disputed Claims Reserve in the amount of $4.18 million for the benefit of holders of
Aegean Unsecured Claims that were not Allowed as of the Effective Date, and Holders of Allowed Aegean Unsecured Claims
as of the Effective Date received their pro rata portion of the Aegean Unsecured Claims Cash Pool, less the amount of the
Disputed Claims Reserve. The Litigation Trust is responsible for distributing funds in the Disputed Claims Reserve to Holders
of Allowed Aegean Unsecured Claims as disputed Claims are compromised, settled, allowed or disallowed
Who are their buyers? Installation companies?
You can lead a horse to water, but
you can't make them drink!
Lite volume for sucha % increase. It will
be interesting to see how the day unfolds.
and it's not free to appeal, I can't
remember how much though...
$25M "authorized" lmao, also Going Concern on filings,LMAO!
This bk is complete as of 6/27/2023!
https://document.epiq11.com/document/getdocumentbycode?docId=4200163&projectCode=AES&source=DM
ORDERED, that the Reorganized Debtor shall reserve sufficient funds to pay the Office
of the United States Trustee the amount of any quarterly fees due pursuant to 28 U.S.C. § 1930
and any applicable interest due pursuant to 31 U.S.C. § 3717, which fees and interest, if any, shall
be paid within ten (10) days of the entry of this Final Decree. Upon the payment of such quarterly
fees, the Reorganized Debtor shall simultaneously provide to the United States Trustee a
declaration indicating cash disbursement for the quarter in which this Final Decree is entered, and
for any other relevant quarter or quarters; and it is further
ORDERED, that the Reorganized Debtor’s chapter 11 case, Case No. 18-13400, is hereby
closed.
Dated: New York, New York
June 27, 2023
s/Michael E. Wiles
HONORABLE MICHAEL E. WILES
UNITED STATES BANKRUPTCY JUDGE
Due to the large number of Reorganized Debtors in these chapter 11 cases, a complete list of the Reorganized Debtors and the last four digits of their tax identification, registration, or like numbers is not provided herein. A complete list of such information may be obtained on the website of the Debtors’ claims and noticing agent at:
http://dm.epiq11.com/Aegean
Should we hold over the weekend?
What "Manufacturing Plant"? Evidence please! that link isn't
legit evidence. Do better...
Wait, what? So snpw hasn't even secured a
place to conduct their business? I thought they were like a month or 2 from actual production! This is so lame Nick...
Is this why it's performing well? Let's go!
Buh-lee dat!
Ohhh snap!!!
That's what she said!
This bk is complete as of 6/27/2023!
https://document.epiq11.com/document/getdocumentbycode?docId=4200163&projectCode=AES&source=DM
ORDERED, that the Reorganized Debtor shall reserve sufficient funds to pay the Office
of the United States Trustee the amount of any quarterly fees due pursuant to 28 U.S.C. § 1930
and any applicable interest due pursuant to 31 U.S.C. § 3717, which fees and interest, if any, shall
be paid within ten (10) days of the entry of this Final Decree. Upon the payment of such quarterly
fees, the Reorganized Debtor shall simultaneously provide to the United States Trustee a
declaration indicating cash disbursement for the quarter in which this Final Decree is entered, and
for any other relevant quarter or quarters; and it is further
ORDERED, that the Reorganized Debtor’s chapter 11 case, Case No. 18-13400, is hereby
closed.
Dated: New York, New York
June 27, 2023
s/Michael E. Wiles
HONORABLE MICHAEL E. WILES
UNITED STATES BANKRUPTCY JUDGE
Due to the large number of Reorganized Debtors in these chapter 11 cases, a complete list of the Reorganized Debtors and the last four digits of their tax identification, registration, or like numbers is not provided herein. A complete list of such information may be obtained on the website of the Debtors’ claims and noticing agent at:
http://dm.epiq11.com/Aegean
52 weak high about to tank from .025
Uhh, that doesn't sound good...
I feel they are legit, they came super-close-with MedRecycler,
and it's been another long battle to get another good business going after that setback, but with the government connections I feel they will capitalize on the federal programs that are available.
Why not?
Huggy, you on snpw board too? I'm long
on this one bro!
Thanks HB, Google said shorts would be golden,
but the info was not from a reputable site so who knows...
Anybody have reputable link that states what shorts,
get after common shares dissolved when BK finalizes?
If they wait until then, do they get nothing like longs, or do they get the difference between what they shorted at and $0.00?
Thanks!
How convenient, they left words New Common out-of-this-morning-PR.
How many got suckered? Hopefully none!
Anybody have reputable link that states what shorts,
get after common shares dissolved when BK finalizes?
If they wait until then, do they get nothing like longs, or do they get the difference between what they shorted at and $0.00?
Thanks!
Did they really misspell "recieve"?