Since the trust was originally scheduled to dissolve this April, I believe they need to extend the date in order to continue pursuing recoveries. Either they feel confident in getting more money out of Melinidas and friends, or the attorneys still have more funds they can bill for before wrapping this thing up.

It's also possible they just need to extend it since they expect disbursements to take until end of this year. Seems like an awful big buffer to add though just to complete disbursements.

Still a shot at doubling my money in under 7 years, that's ahead of the curve. And saved me from losing it altogether in some other crap trade like I've done with the rest of my accounts in the last couple years lol

Gotta find a silver lining somewhere

I won't turn that down. More than doubles my money if that pans out.

I haven't heard anything. Didn't even get a postcard acknowledging my claim. But hopefully that's because I still own my shares.

That would be just above my break even price if I can get that on all my shares. Not a great payout for waiting all these years. But it will be a welcome windfall after getting battered by the current garbage market.

About 18m of those shares belong to Mercuria. Hopefully those are being excluded. Those shares were created in 2018 specifically for Merc for the sham trade facility agreement. Everyone thought they were investing to help save the company, was just a ploy for them to get majority ownership and take it over.

I have 35800 shares. But probably only 1800 of those will qualify for any disbursement. I bought 34000 of them in Feb/March 2019 hoping for a decent payout after the dust settled.

I got a postcard. If you submitted a claim for the auditor settlement last year you don't need to do anything. They will retrieve your information for consideration in this one. If you didn't file before, go to aegeansecuritieslitigation.com to submit your documents. It's the same site. If you do nothing you get nothing. Deadline to file is Sept 20th 2023.

I stopped following it closely as it drug on and kept issuing extensions. Not sure on that 900 million total. Doubt there's that much still sitting there. Could be the total amount paid out in claims so far. In which case we are probably screwed.

To the extent that Aegean/Mercuria is involved yes, that should be the end. They will dissolve our shares and issue any payout, or not, at that time. Nothing else required for us to do if a payment is coming except watch our accounts.

It's not tradable. Won't be removed from your account until they pay us out or they close the trust and dissolve our shares.

I think you can claim the loss now. But if you ever receive a payout you would just have to claim that back as a gain.

I'm curious when you submitted too.
I submitted 1 day before deadline, haven't heard anything yet.

I also have different address now than my statements show from that time period. I listed current address in the filing though.

Sell? Too soon, I still have 15 yrs until retirement.
In fact, I just bought more. This time I can unload some at $10 without losing my original investment!

That settlement is only in regards to the 2 auditing firms that were sued. You are not prohibited from joining ALL future settlements, only ALL future settlements against those defendants i.e. the auditing firms.

Option 1 statement is only in reference to the litigation vs the 2 auditing firms in this settlement. You should file if you have qualifying shares. Doesn't give up your rights to any settlements/disbursements in other litigation.

Good question. Even though it means higher disbursement to us if they don't file, they would be giving up several million dollars if they didn't. So I kind of hope they do to give credence of some kind of payout to the rest of us.

I bought a lot of shares cheap in Feb-March 2019 that won't qualify for this settlement. But still have 1800 that do. That's $684 at the .38 per share they quoted. Was worth the hour I just spent submitting the claim.

I bought shares before Nov 5 2018 and after. They all converted to the same CUSIP

I believe much of the optimism was prior to the U.S. District Court in NY dismissing the case filed there for lack of jurisdiction. That took a lot of the wind out for many who considered this a slam dunk ruling with the U.S. DOJ pursuing the case. Now we are relying on legal proceedings in other countries to produce us some kind of result.

After rereading the post, I see he also referred to it as "infringing knockoff" which is better.

We'll see if qualifying it as an approximation causes any stir. Unless maybe it's to bait Google into raising the point I just made. Which would require them to admit they were willful in their attempt to copy the IP.

Knockoff approximation makes it sound like Google didn't directly ripoff NLST IP, but did a half-assed emulation. Or at least it makes it sound like that's what NLST thinks. Would sound better to push the point that Google hired third party to make perfect copy of NLST product for less money.

Is "knockoff approximation" Sheasby's words? That kind of characterization seems more derisive to GOOG than helpful to the NLST cause.

Been almost exactly 3 yrs since shares converted to LTUs. Nearly 3.5 years since BK filing announced.

Nothing to get mad about here. Just means he is putting our money to work instead of pizzing it away on a crappy soccer team. There's resale value there when the time comes.

That's a nice salary for me. $35,000 for every $1/share.

Yeah me either. I tried doing searches, but the foreign sites don't show up if they don't have translation available.

This isn't all just hinged on a single ruling. This is the end of a decade+ long battle for justice. Court has already ruled in favor of NLST on many steps along the way. This is just GOOG using their power and money to drag things out trying to drain the little guy. But the outcome is already determined. And so is Chuck Hong.

That article is dated November 27th. Anything more recent with the current status of court proceedings?

Anyone have info on the NBC lawsuit? Link to dockets, or schedule for court dates?

TIA

Indeed, the fight continues!

You're changing the scenario. Not talking about subletting. Talking about selling something that is borrowed/rented/leased, whichever term you prefer to use.

Not really the same thing. What you're actually doing is leasing a car from one person and then turning around and selling it to someone else (which would be illegal, same If you did it for a house). Then hope you can buy another one cheaper to turn in before lease expires. Which is almost certainly possible because cars never appreciate in value. Which is only one reason this is a bad analogy.

Cars have serial numbers. They are individually identifiable. You can't just go out and find the same make/model/year and give it back and call lease satisfied. It has to be the same exact one. When shares start coming with serial numbers, all this BS will come to an end. It's already possible, but too many are still addicted to the foolery.

Does he have a record to run on or just more promises?

The date is irrelevant, doesn't even mention AMC. The relevancy is similar economic and market conditions.

Ginsberg continued to issue opinions for months after she was dead. Sickness is no excuse!

Maybe he'll do it through private messages because he's too much of a coward to do it publicly.

How's he gonna do that? Will still require a vote.

Exactly! This is completely a marketing play. No one is expecting profits from outside popcorn sales.

That is pure speculation.

True, that did seem rather cheap. This is what wiki says about tanker prices

https://en.m.wikipedia.org/wiki/Oil_tanker#Size_categories