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drsandcrs

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drsandcrs

Re: Enterprising Investor post# 1710

Thursday, 06/17/2010 5:14:21 PM

Thursday, June 17, 2010 5:14:21 PM

Post# of 3162
May MOR equity of $194.6 million needs ...

to be adjusted upwards by $35 million to include equity from

717 9th St. ($19.5 million in net cash) and Chinatown - $16 million ..

717 and Chinatown are not included in the MOR ...

Total equity for MMPI is approximately $230 million or $2.60 per MMPI share ....

think about this .... the 717 cash balance of $19.5 million is greater than the total market value of MMPI at 22 cents ...

time to .. get two or three more secured creditors to fall like dominoes .... get a POR approved .... and get outta BK ... we need to stop paying the outrageous legal fees ... cuz its depleting MMPI's equity ...


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