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Re: Enterprising Investor post# 1227

Sunday, 04/11/2010 10:47:04 PM

Sunday, April 11, 2010 10:47:04 PM

Post# of 3162
The equity committee has already spoken ...


Richard Meruelo and John Maddux together own over 50% and have proposed the POR .... imo, the committee has spoken ...

they can't be excluded from a committee of equity owners and have effective veto power by virture of their controlling ownership percentages .... and that's not counting Taylor's 15% ...

and besides Richard Meruelo, by my calculations, is hard money in for $40,000,000 ...... so he should have the biggest voice in the POR ...

any effort to form a committee would be a waste of time in my opinion and would only result in additional legal fees to be paid out of equity ...

dont think im interested, but like the proactive posture of the shareholder from Texas ...... if he comes out to Cali we should all take a tour of the MMPI properties together ... now i could go for that committee ..... the MMPI equity "touring" committee





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