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re: EXXI - hitting new lows everyday

Posted on 4/13/16 at 8:10 pm to
Posted by OnTheBrink
TN
Member since Mar 2012
5418 posts
Posted on 4/13/16 at 8:10 pm to
Well, been fun. I will not sell though, riding this bitch to zero!!
This post was edited on 4/13/16 at 8:11 pm
Posted by Coach Guidry
Member since Nov 2007
2333 posts
Posted on 4/13/16 at 8:30 pm to
Oh yeah. Sinking with the ship. My father has been yelling at me for months but i'll show him how stubborn I can be.
Posted by NOLAGT
Over there
Member since Dec 2012
13532 posts
Posted on 4/13/16 at 8:31 pm to
I may actually get in now. I have just been watching it on the way down.
Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7137 posts
Posted on 4/13/16 at 11:26 pm to
quote:

I may actually get in now. I have just been watching it on the way down.
Posted by vuvuzela
Oregon
Member since Jun 2010
14663 posts
Posted on 4/13/16 at 11:29 pm to
Goodnight, sweet prince.









































1.6B in default, ouch. I'm buying 5000 shares tomorrow boys!
This post was edited on 4/13/16 at 11:58 pm
Posted by Mr.Perfect
Louisiana
Member since Mar 2013
17438 posts
Posted on 4/14/16 at 3:02 am to
Posted by NOLAGT
Over there
Member since Dec 2012
13532 posts
Posted on 4/14/16 at 6:17 am to
So how does it work I have not done much individual stock buying nor any in this situation. Does trading hault when they file? Stock name will change?

I saw EXXIQ is what it will come back as.

Also does anyone know how this effect energy partners and m21k?

And it looks like it includes all of them epl and so on.
This post was edited on 4/14/16 at 7:40 am
Posted by TheIndulger
Member since Sep 2011
19239 posts
Posted on 4/14/16 at 9:55 am to
This board has successfully resulted in my having a shite rate of return in my investments
Posted by bayoubengals88
LA
Member since Sep 2007
18936 posts
Posted on 4/14/16 at 10:33 am to
Cost basis is .23
118 shares
Trying to make a quick $10...probably won't work.
Posted by Coach Guidry
Member since Nov 2007
2333 posts
Posted on 4/14/16 at 10:35 am to
quote:

Cost basis is .23 118 shares Trying to make a quick $10...probably won't work.


Posted by Old Sarge
Dean of Admissions, LSU
Member since Jan 2012
55309 posts
Posted on 4/14/16 at 5:14 pm to
.128 and falling


I'm not even upset
Posted by bayoubengals88
LA
Member since Sep 2007
18936 posts
Posted on 4/14/16 at 5:21 pm to
There was an after hours bump up to .14
Posted by Old Sarge
Dean of Admissions, LSU
Member since Jan 2012
55309 posts
Posted on 4/14/16 at 5:34 pm to


But not to .80?
Posted by TigerDeBaiter
Member since Dec 2010
10266 posts
Posted on 4/14/16 at 5:35 pm to


Low volume lotto ticket crowd AH driving it up?

Hell, I thought about picking up a few thousand shares. I mean, look at SUNE, they jumped like 60% today. Pure gamble, may as well go to the casino. I'm usually pretty good at blackjack.

Good luck
Posted by barry
Location, Location, Location
Member since Aug 2006
50346 posts
Posted on 4/15/16 at 10:40 am to
Officially filed for bankruptcy

LINK
Posted by Old Sarge
Dean of Admissions, LSU
Member since Jan 2012
55309 posts
Posted on 4/15/16 at 10:51 am to
Through restructuring that all creditors have officially agreed to, total debt has been reduced from 3 billion to 200 million.


So how does this happen? I don't understand? The creditors agreed to and have officially wiped out 2.8 billion in debt and debt payments.
Posted by barry
Location, Location, Location
Member since Aug 2006
50346 posts
Posted on 4/15/16 at 11:05 am to
quote:

So how does this happen? I don't understand? The creditors agreed to and have officially wiped out 2.8 billion in debt and debt payments.



Debt-Equity swap....in a new company
This post was edited on 4/15/16 at 11:10 am
Posted by TigerDeBaiter
Member since Dec 2010
10266 posts
Posted on 4/15/16 at 11:17 am to
Could have made 40%. Or lost it all... Haha
Posted by Old Sarge
Dean of Admissions, LSU
Member since Jan 2012
55309 posts
Posted on 4/15/16 at 11:45 am to
So the debtors now have a huge stake in the company? To accept 2.8 billion being washed away they must have great faith in the new company right? My shares don't go away right? I just get shares in the new company as well right?
Posted by Coach Guidry
Member since Nov 2007
2333 posts
Posted on 4/15/16 at 11:48 am to
Purchased 12,000 shares at close yesterday.

Made a quick 800.00....and im out.
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