Replies to post #901 on Aegean Marine Petroleum Network Inc (fka ANWWQ)

[~ Blue ~]

what does it mean? is common stock intact or not? i like your dd

[Sam'd'Mil]

Not True! Read that https://www.otcmarkets.com/filing/html?id=13116580&guid=myVtUKL0NycPe8h

Mercuria (Daniel & Marco = Billionaires) owns 30% of the commons here :-)


Nice Try!

ANWWQ

[WiseTrader]

So, there will be a new stock issued! all current common will wiped out!

[SC777]

Well I guess you missed this part nodummy:

$ANWWQ - Aegean Marine common stockholders to receive 100% of litigation trust:

General unsecured creditors at the parent will receive 100% of the initial proceeds from litigation claims (after repayment of the Litigation Trust Loan plus $3 million), until they receive payment in full on account of their allowed claims. General unsecured creditors at the subsidiaries will receive full recoveries in the normal course, under the agreement. Holders of the Company’s pre-prepetition common equity will receive 100% of the residual interests in the litigation claims once general unsecured creditors at the parent have received payment in full. Pursuant to reasonable and achievable milestones, the Company will implement its restructuring plan, and expects to emerge from Chapter 11 around the end of the first quarter of 2019.

https://www.businesswire.com/news/home/20190116005350/en/Aegean-Marine-Petroleum-Network-Achieves-Significant-Milestones

[nodummy]

ANWWQ Plan of Organization (2/15/19) - IMPORTANT!

It is very important that people read this and understand it. I downloaded the most recent Plan of Reorganization filed with the courts on 2/15/19

https://otcmarketresearch.com/wp-content/uploads/2019/02/ANWWQplanofreorganization2152019.pdf

It clearly supports everything I put in the following 2 posts about Mercuria owning 100% of the stock in the reorganized company when it comes out of bankruptcy while pre-pedition shareholders only stand to get whatever left over CASH (not stock) exists from the litigation proceeds AFTER the unsecured debtors are paid first (which is likely to be little to nothing).

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=146877314

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=146879268

Please note that the petition was filed on 11/6/18. People buying and holding ANWWQ after the original petition was filed do not get anything - NO CASH and NO STOCK. They will be left with nothing once the plan is put into effect.


NOT ONLY THAT. But on page 26 of the ROP (numbers are on the bottom of each page) it clearly states that the reorganized company that comes out of Bankruptcy will not be a publicly traded company.

On the Effective Date, Reorganized Aegean and each of the other Reorganized Debtors shall be private companies. As such, upon the Effective Date, (1) the Reorganized Aegean Equity Interests shall not be registered under the Securities Act, and shall not be listed for public trading on any securities exchange, and (2) none of the Reorganized Debtors will be a reporting company under the Securities Exchange Act

Please know what you are trading and don't get stuck holding this when the plan goes into effect because on that date all current ANWWQ shares will be cancelled.

The Hearing for final approval of the reorganization plan is scheduled for March 26, 2019 at 2:00 pm.