Energy XXI Ltd fka EXXIQ

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I was working for a company in august 2016 who's owner was a drinking buddy with John schilleer at the country club,
ok maybe not at the country club, anyways the owners bother inlaw was our CFO and he and I always played the stocks together on and off the job, one day he mentioned to me to buy EXXIQ, and I replied with the stock is being extinguished he then smiled and looked away, 10 minutes later he said it again and again I replied with the extinguishment of the stocks and he again smiled and looked away,
when we parted company that day he said he was buying exxiq...
and that I should too
not sure how this will work out but I did buy in @.032 and I am going to ride it to the end