ENDRQ, News on Nov 13: accelerating its bankruptcy and share cancellation proceedings, the CEO's resigned on Nov 13. This means all proceedings are accelerated as the debtholders and creditors don't want to wait too long. Next, the share cancellation is coming, shortly! Then, new shares will be issued to the current bondholders/creditors.
Those buyers who are buying the worthless shares might not know that the shares will be cancelled and wiped out any time soon, and they'll lose everything.
Some people are pumping it hard in Order to Dump all their worthless shares before the Cancellation!
Endeavour Announces Accelerated Schedule for Chapter 11 Court Hearings and Resignation of William L. Transier as President and Chief Executive Officer
HOUSTON, Nov. 13, 2014 /PRNewswire/ -- Endeavour International Corporation (ENDRQ) (ENDV.L) today announced an accelerated timetable for its Chapter 11 proceedings. The Company anticipates scheduling the following hearing dates with the United States Bankruptcy Court for the District of Delaware:
