Aegean Marine Petroleum Network Inc (fka ANWWQ)

[SC777]

Potential Shareholder Recovery:

General Unsecured Debt:
4.00% Convertible Unsecured Notes due 2018: $94.6M
4.25% Convertible Unsecured Notes due 2021 $172.5M
Total General Unsecured Debt: $267.1M


So given that, we know that common shareholders will get any recovery above $267.1M.

We already know that there's been ONE $300M litigation filed on February 1, recovery of which would go to the trust - there could be multiple more lawsuits filed, with a significant amount of recovery in excess of the $267.1M, considering that one case alone was for $300M.

If just this ONE litigation is successful, that leaves $33M for common shareholders:

$33M / 53M OS = .62C per share.

Link to suit filed below:
https://www.law360.com/articles/1124917/aegean-marine-hit-with-suit-over-alleged-300m-fraud

Plan of Disclosure clearly states that all 53 million common shares of ANWWQ will receive their pro rata share of Class B Litigation Trust Units. Case closed. 53m shares is the total OS, not just people who held prior to BK filing. You’ll also see on page 143 where it says all holders of Aegean equity interests will receive their pro rata share of Class B Litigation Trust Units on the effective date:

https://document.epiq11.com/document/getdocumentbycode/?docId=3439319&projectCode=AES&source=DM