EVOQ Properties Inc.(fka EVOQ)

[Enterprising Investor]

Legendary/EWB action jump starts the competitive process.

The Memorandum of Points and Authorities states "existing equity holder shares will be valued at approximately $.20 per share" (page 6). Legendary/EWB has just placed its first "bet" at the poker table. There still three eligible players who have not been able to place theirs.

This should be viewed as a new floor.

It was my belief that a Charlestown/Hartland Plan would have quickly followed the 6/11/10 hearing. I am still confident their plan will be filed prior to the 7/21/10 Disclosure Statement hearing.

I am confident that SK and KGI have been working hard for the OCC, but it will take some time for the new members to get up to speed and make decisions. There is no way to know if Legendary and/or EWB was one of the secured creditors that previously contacted SK.

The OEC remains a work in process. The shareholder list is main obstacle based on a conversation I heard prior to beginning of yesterday's hearing. Sooner or later, the stockholders will have a voice. You can only stall the DOJ so long...