Replies to post #2107 on Energy XXI Ltd fka EXXIQ

[level42]

50/50 --- Here we sail blind!

To be successful and to evade bad finances we needed oil well above $ 50.

If we observe the movement of today there was a coconut shake, someone escape with a $140 000 order !

The suspense is total ... is this falling to 0.05 ? or go to 0.20
or finally jump to 0.50 Before the end ?


in my opinion there is a good chance that the plan is approved and public shareholders get nothing. It seems to me that since the beginning of the reorganization the company has limited its communications concerning the Evolution of the situation about the claim.

I read in a section about the otc rules which stipulated that quotation are valid for two years (until April 2019) there are two option either the company asks the Radiation and the compensation is zero, or, they let go, this will go also to zero and the infinite bottomless pit of the pink market.

[PinkBu]

Well, with all these amendments and supplements to the plan, I still don't see anything of value for commons. But it's all up to the Judge. So I agree with level42 it's 50/50.

Interestingly enough, just watch, if the plan is Approved the stock will climb somewhat after the ruling... Probably because of shareholders hearing a positive word "Approved" and not knowing what that means for them.

I've seen stock climb 100s% after approval. Just remember your shares could wipe out as soon as the next day. It's usually a week or 2, but I wouldn't risk that. The stock just stops trading at some random time during some random day.

If the plan is NOT approved, then the bankruptcy process starts all over again. That's why I think it's more likely the Judge will approve the plan.