Replies to post #6495 on Aegean Marine Petroleum Network Inc (fka ANWWQ)

[Grandmasim]

Stock no longer exists-----it is a CUSIP/Placeholder.

You could have done so at any point...I believe all you had to do/have to do is contact the Brokerage to close it out.

[jaymeh]

There is no need for you to close out the position on your brokerage account. It can remain open, there is no real reason to close it out before time. You will get a settlement against that position one day. No one can say for sure as to when, but it will certainly happen. I am very hopeful.

If you close out the position prematurely, it may convey to your brokerage firm that you are opting out of any future disbursements that may come through them.

[MastaBeta]

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.