Energy XXI Ltd fka EXXIQ

[56Chevy]

The quickest way to wade through all of the "mumbo jumbo" when you want to know the fate of all the different classes of securities go to Doc # 1642 beginning at page 182 of 189.

You will see this - Amended Plan Summary

The following is an overview of the treatment to be afforded to each class of Claims or Interests as provided under the Amended Plan. It is provided for convenience only and is specifically qualified by the Amended Plan itself.

The list begins with Class 1 Other Priority Claims on page 182 ...and goes down the list to Class 15 on page 183.

Common equity is Class 15

Notice what it says about Class 15

15 EXXI Interests Extinguished in accordance with the Description of the Transaction Steps

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I don't care what anybody else says on Ihub this is the fate of the common shares held as of right now 12/13/2016.

Can they still be traded? yes. But think of them as the walking dead. These shares can be and will be voided at any time now that the plan has been confirmed. Guys can and will play musical chairs with these ..they always do...but if you're the guy holding the shares when the SEC stops the music you'll be the one holding the zombie shares.

Good luck.
Chevy