MMPI has made an equity capital call ......... and so the play here is ...
hey wait ... first two comments .....
1. I thought AKAPAC asked the "whats the MMPI play" Q .... or do you post under both aliases .....
2. Why no comment on the link of Meruelo washing his windows? I thought it was kinda funny that the paparrazi snapped a pic and is following him .... a bk'd CEO as a celebrity? .... whatever
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The play is this ...... per the Plan of Reorganization
The capital call is straightforward - $10,000,000 total with a $50,000 minimum ..... to be issued on a prorata basis ... 200 shareholders maximum .... you can bid more than $50,000 but not less ....
and it doesn't take an MIT professor to figure out the prorata shares required to be owned so you can (guaranteed) pony up another $50,000 to MMMPI so Meruelo can afford to pay someone to wash his windows .... you need around 450,000 shares of MMPI to meet the gaurantee
All other shares not meeting the $50,000 minimum will be cancelled ........
Richard Meruelo through MMPI plans on cancelling your MMPI shares unless you can meet an equity capital call......
I referred to the MMPI play as a high stakes game of poker with an $80,000 ante to play .......
If you got $80,000 to play with on a BKd real estate company you'll be okay imo .... if not you could be wiped out if/when the plan is approved ....
