EVOQ Properties Inc.(fka EVOQ)

[drsandcrs]

Back of the napkin ......

i was thinking here just a bit .....

to protect the creditors and allow MMPI to exit BK, i believe the standard is that there needs to be a minimum of least a 20% equity .......

since they just paid back $90 million for 717 then total debt s/b approx $250 million ... well okay then ..... $250 divided by 80% is $312 ..... the difference is $62 that's the minimum amount of equity required to protect creditors and allow the judge to permit MMPI to exit bankruptcy ......

so my back of the napkin calc is that there needs to be at least $62 million in equity to exit BK

does anyone else have a bead on this BK standard/rule