Excel Maritime Carriers Ltd.(fka EXMCQ)

[eastunder]

Hey Undaunted

I did find a more recent filing... An Amended POR

It touches upon new shares that will be offered under the Plan of reorganization and who those shares will go to.

Unfortunately the current common share holders are still in the same boat.

In this filing we are listed as Class 11 - but the conclusion is still the same.

page #9 of 95 of the Main document

http://www.donlinrecano.org/Clients/DocketClick?dataDir=em&caseNumber=13-23060&docketN=447&viewName=&advproc=False

Class 11 – Interests in Excel
(Impaired)
An Interest in Excel is any equity security in Excel, including but not limited to stock, warrants and options. On the Effective Date, all Interests in Excel will be cancelled without further action by the Debtors or reorganized Debtors. Holders of Class 11 – Interests in Excel will not retain any property or receive any recovery under the Plan.


And under Part 2

'Appendix A: Amended Joint Chapter 11 Plan Of Reorganization'

Cancelled shares are also discussed in 5.19 ...

and nearby - the new shares are discussed and how they are being offered only to the Secured Lenders, the Holders of Allowed Impaired Excel General Unsecured Claims, and Ivory.


Truth be told, Undaunted- it's all Greek to me when I read it - Just a mom here - Not a lawyer. Just finding what I could for you, gave me a headache. LOL

I NEED A BEER! ;)

I prefer not to dig too deep and just accept - "It is what it is" for me.

A tax write off. :(



But - here's wishing you nothing but the best! Good luck!

Jen