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Energy XXI Ltd. Message Board

greenytheterp 3 posts  |  Last Activity: Jul 16, 2016 1:36 PM Member since: Jun 28, 2003
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  • greenytheterp by greenytheterp Jul 16, 2016 1:36 PM Flag

    Does anyone have an update on where we stand in the bankruptcy process? I know certain posters here were able to have an equity representative added but have not heard if there is still a chance that equity holders will receive warrants or something other than complete wipeout of their interests. Any information would be greatly appreciated.

    Best to all,
    GreenytheTerp

  • Reply to

    Equity Committee granted!

    by uniowner Jun 15, 2016 5:41 PM
    greenytheterp greenytheterp Jun 17, 2016 12:05 PM Flag

    Very impressive what the 3 of you have done, with the selfless lawyers, to get the Court to agree. I was not optimistic that the Court would allow an Equity Committee to be set up. Job well done and MUCH appreciated.

    Best to you,

    GreenytheTerp

  • Reply to

    Equity Committee granted!

    by uniowner Jun 15, 2016 5:41 PM
    greenytheterp greenytheterp Jun 15, 2016 11:17 PM Flag

    Cyntiques,

    Thank you so much for the detail regarding today's hearing. I was wondering what the outcome would be and was hopeful the equity committee would be granted. Regardless, as to whether the common will retain any ownership or receive any proceeds, there is no way to look at this other than as a victory,. Although the victory may ultimately be fleeting, it is nice to know we have a fighter's chance. I commend and thank all those involved in pushing for this committee, I, for one, personally appreciate their efforts.

    Best to you,
    GreenytheTerp

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