EVOQ Properties Inc.(fka EVOQ)

[Alyssa]

Despite the requests for an EC, why wouldn’t this plan be already advantageous to current shareholders because only RECORD DATE HOLDERS (existing shareholders) may participate in the private placement? Wouldn’t “larger” investors want to buy up as many existing shares as possible in order to make the top 200 list and wouldn’t they be willing to pay much more than 7-8 cents? Just sayin’. The float here is only 29.9 million shares, by the way. Hmmm, and isn't it interesting that Pink Sheets reports that as of March 31, 2008, there were only 73 shareholders of record?

Excerpt from the 2nd Plan:

“Subject to the terms and conditions in the New Equity Interest Agreement, a copy
of which will be filed separately in the Plan Supplement, each Record Date Holder shall
have the right to subscribe for and purchase not less than $50,000 and at least its Pro Rata
Share of the Offered New Equity Interest (an “NE Interest Right” and all such rights
collectively, the “NE Interest Rights”) on the terms and subject to the conditions set forth
in the Plan, provided, however, that in the event that more than 200 Record Date Holders
subscribe for NE Interest Rights, only the Top 200 Holders will be eligible and permitted
to subscribe for NE Interest Rights.

Each Record Date Holder that subscribes for at least its Pro Rata Share of the
Offered NE Interest shall also have the right to subscribe to the Unsubscribed NE Interest
(as defined below) as described in greater detail below under “d. Additional
Subscription Rights” (the “Additional Subscription Right” and all such rights
collectively, the “Additional Subscription Rights”). The Subscription Election Form, a
copy of which will be attached to the Plan, shall provide a place whereby a Record Date
Holder may exercise its NE Interest Right and Additional Subscription Right, if any. As
of the September 30, 2009, there were approximately 88,065,452 shares of MMPI
Existing Common Stock outstanding. The minimum subscription permitted by any
Record Date Holder is $50,000.”