Energy XXI Ltd fka EXXIQ

[PinkBu]

Shoots, I don't think I will invest here, unless the plan changes:

Docket 1642:

15. Class 15 – EXXI Interests

a. Classification: Class 15 consists of all EXXI Interests.

b. Treatment: On the Effective Date, or as soon thereafter as reasonably practicable, all EXXI Interests will be extinguished in accordance with the Description of the Transaction Steps and the holders of EXXI Interests shall not receive or retain any distribution, property, or other value on account of their EXXI Interests.5

c. Voting: Class 15 is Impaired under the Plan. Each holder of an EXXI Interest will be conclusively deemed to have rejected the Plan pursuant to section 1126(g) of the Bankruptcy Code. Therefore, each holder of an EXXI Interest will not be entitled to vote to accept or reject the Plan.