EVOQ Properties Inc.(fka EVOQ)

[drsandcrs]

Great observation ......

cuz the one year unpaid liabilities of MMPI to the secured creditors is $19 million and MMPI doesn't have $19 million so guess what ........ another 717 fire sale will take place, then another, then another ..... till the equity is kaput ....

MMPI was $157 million into 717 and will sell it for $110 million .... big loss ... major loss ... huge loss ..$47 mil goes poof ...

if i were a secured creditor i would continue to object and let the default interest rate accrue on my loan along with my legal fees ... all paid by the equity holders

the equity is last in line .... documented here nonetheless ... the lenders are going for Meruelo's throat and quite frankly have no intention to leave even a dime for Meruelo .... its in the dockets ... just ask enterprising ..its the one thing he hasn't highlighted for the board ..

Meruelo is in the fight of his life (that he well may lose) and the only battlefield for him is to squeeze the remaining equity and he's about to git it done ...

hey look if u got 80 big ones, go for it .... otherwise be ready for the ultimate (royal) flush to be played ..