Home > Boards > US OTC > Delisted > EVOQ Properties Inc.(fka EVOQ)

It's a needle .....

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drsandcrs   Monday, 07/28/14 09:00:10 PM
Re: drsandcrs post# 3120
Post # of 3162 
It's a needle .....


Knock, knock.

Who’s there?

Needle.

Needle who?

Needle little money



The EVOQ cash burn from operations is $2 million per month

or $46 million in two years ...

So EVOQ looks like it's in full liquidation mode ...

75% of properties have been sold ...

properties now total 13 ... down from 53

That is one big effing YIKES!

Better hope a white knight shows up with cash in their pockets and takes what is left of EVOQ ...

Oh yeah ... American Apparel makes up 25% of EVOQ revenues ...

looks like EVOQ may be running on empty ...

Insiders have used $$$ proceeds from property sales to repay BK reorg loan ... seriously ... really ... needle lil faith

it's a sign ....

EVOQ needle lots of money to survive


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