EVOQ Properties Inc.(fka EVOQ)

[Enterprising Investor]

Weak at drawing an opinion?

Well, I am more interested in facts and figures, but here I go...

It should be obvious that some creditors have little interest in Meruelo and Maddux running the show. I think that counts as an opinion?

This "Divide and Conquer" thing you keep mentioning is just a creditor trying to retain the existing principal balance in exchange for providing the borrower a lower interest rate. It occurs daily in the mortgage business today. Keep taking hits to principal, eventually the bank has to replace capital. I gave management high marks for negotiating its deals. How many times do I have to explain this?

I think the Second Amended Plan violates LaSalle - period. Equity treatment seems the same in both cases. My opinion, but, then again, I am not the judge. Judge Thompson makes that call.

The "Plan of the Month" game will stop at some point. When it does, anyone can submit a plan. So, exclusivity only delays the inevitable. There will be other plans. Ending exclusivity would save the estate large sums of money because those plans can be presented earlier. Not sure if this counts as a likely fact or an opinion?