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Re: eom7 post# 1698

Wednesday, 06/16/2010 11:21:59 PM

Wednesday, June 16, 2010 11:21:59 PM

Post# of 3162
things on the ground changed last Friday ...

eom, im puzzled why would you post that you hope someone else (SST) would continue to buy MMPI shares until a $1 ....

do you know what you own?

here's my point ....

its my opinion that MMPI, if liquidated (we'll call this the worst case scenario), would be able to make a liquidating cash distribution of $1.11 per share ..

if it exits BK under a viable POR its current book value is $2.50 and should be realized ......

what was holding the share price way down was that RM said he planned on canceling your shares ... you were going to get nada, zippo, see ya ....

Last Friday RM changed his tune and said aw right ..... for another 7 pennies you're in ...

and get this ...his plan has a extremely powerful anti-dilutive element .... he'll retire shares at 8 cents ... do you know the anti-dilutive power of every share retired at 8 cents or anything less than book would do to the BV of MMPI? .... do the math ..

SST is a smart man .... he very easily gets this ..

and here's a link to an easy to read Form 4 for SST

http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001144204%2D10%2D033797%2Etxt&FilePath=%5C2010%5C06%5C16%5C&CoName=MERUELO+MADDUX+PROPERTIES%2C+INC%2E&FormType=4&RcvdDate=6%2F16%2F2010&pdf=

you need to be smart, realize a very big MMPI green light is now flashing and like SST, take shares away from the unknowing .....

this is an opportunity and the smart person knows when to seize an opportunity .....

would like to see you start posting that you are taking MMPI shares alongside of SST so you'll be the one realizing the 5 or 10 bagger ahead ... why let someone else take it

good luck to you ... and all






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