$ANWWQ: Is MERCURIA seriously-gonna-cancel-their-own 17.46Million-Common-Shares ??
Ask yourself that question.... think about it hard.
Lets all get a Grip & Get Serious for a Minute here. And if you don't.... Call Mercuria's Houston office and Find out Yourself.
They were given 17.458-Million shares by Aegean Marine for helping them with $1Billion in Financing & $30Million in additional Liquidity. This gave them 30% ownership of all common shares as well as a Board Seat.
This was back in August 2018.... Keep that Date in MIND !
Following that the DIP-Facility of $535Million by Mercuria. Judge accepted the RSA which will give Mercuria 100% OWNERSHIP of Aegean.
Now think about this for 1second.... Mercuria owns 30% of all COMMONS. They need 70% or remaining commons to be made 100% whole.
Who do you think owns that 70% COMMONS ? How is Mercuria gonna get that ? What are they gonna have to do via the Litigation trust fund which hasn't even completed yet ?
Where does it say in any of the Court Provided Documents that Mercuria plans to "CANCEL COMMON SHARES" and foresake their own current 30% Ownership ? Do you think they are stupid enough to write it off ? Is that how you think Mercuria operates ? Is that where you think Daniel Jaeggi & Marco Dunand find value for their Investment. Have you not read up on their dealings with Noble Energy or JP-Morgan Commodities desk ?
Remember this........
Mercuria wants Aegean Marine.... thats the Bottom LINE. Mercuria knows that as a restructured business, Aegean Marine is beneficial to them with their overall business plan initiative in streamlining operations with their existing Minerva Bunkers business. No one here, except for SC777, has really bothered to understand what Mercurias current financial position is or their true motives. They are a rare breed when it comes to M&A and not vultures like many of the other like Oaktree looking to scavenge.
Topline Revenues for Aegean Marine are well about $5Billion/yr. Mercuria alone is achieving $100Billion in annual revenue. Mercuria with their excellent credit rating and ample cash position can easily pony up $1Billion if need be in order to make Aegean "FREE & CLEAR of ALL DEBT ENCUMBERANCES" so as to move forward with a CLEAN PLATE.
Mellisanidis Screwed up the business to the Tune of $300Million due to his nefarious Accounting Action... that has already been clearly communicated to everyone.
Now you as a shareholder, have to ask yourself. You are not Utah Retirement Systems. You are not Himanshu Shah Capital Management You are not B.Riley Financial. But just like all of them ... you are STILL AN $ANW/$ANWWQ shareholder. Just like all of them, Mercuria wants to make you whole, including itself.
The LITIGATION TRUST Fund SETTLEMENT has not yet happened but everyone is Jumping the Gun to assume that all Common Shareholders are screwed, including Mercuria being 30% Owner..... You think Mercuria is gonna screw themselves ??? Lets be real. While you all here deal in the PennyStock world, they deal with REAL BIG BOY MONEY !!!! Millions if not Billions of dollars.
Mercuria is willing to pay.... Mercuria is in the business of Making MONEY and delivering Value to underappreciated Assets for future Potential VALUE.
When the Trust Litigation matter is settled.... EVERYONE, including MERCURIA as a common shareholder, will be made WHOLE. WHY ? Because 2-3yrs down the road, when Aegean Marine as a subsidiary of Mercuria Energy Holdings has reeled in over $15Billion in Total Revenue, all this nickel & diming on money spent today will mean PEANUTS.
I know SC777 gets it. Thats why he has 2Milly shares... I now have 3.5Milly shares. We've been here for a few months watching all this nonsense play out. Shah Capital has almost 5Milly shares (albeit at a higher share price) Mercuria has 17.5Million shares.
$1.5Million worth of trading happened on Friday ? Thats it. On another good day, which will be coming ahead, watch us do about 10x that.... $15Million worth of Trading, albeit at higher PPS levels.
I saw some guy come in here posting stupid messages like some retarded Phone Number and a woman gave Wrong Information.
You only need to call ONE NUMBER.... MERCURIA HEADQUARTERS in HOUSTON. If not them.... Call SHAH Capital Management and ask them why they still own 5Million shares as a hedge fund. Some people know more than you ever will.
$ANWWQ is going to $1.... Bank on IT ! Its called getting ahead of the curve and Mercuria is not Going to Cancel their own 30% ownership of Aegean as it currently Stands. Get used to that.
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