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Re: Superones1964 post# 2071

Wednesday, 11/23/2016 2:16:17 PM

Wednesday, November 23, 2016 2:16:17 PM

Post# of 2147
That is from Bankruptcy Docket. EXXI = the company, and not the ticker symbol in this case. Read the dockets:

Also, the Confirmation Hearing for this plan to be approved or reject is Dec 13, 2016. So if this plan is approved, your shares go to $0 (literally just disappear from your brokerage account).

http://document.epiq11.com/document/getdocumentbycode/?docId=2848196&projectCode=EXL

Page 92

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.

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.

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