Replies to post #1100 on EVOQ Properties Inc.(fka EVOQ)

[zonaboy]

I agree. The tough concept for some people is that, rather than being merely worthless, if the amended Plan is approved, the current shares will be non-existent. Even if the current shares happen for some reason to be trading at many multiples of today's price, on the effective date of the Plan (if approved) the current shares will not exist legally. There will be no shares for current holders to sell. As I understand it, those current holders who hold a sufficient quantity of the current shares will then be allowed to ante up a minimum of $50K to buy newly-issued shares of a new issue. This is not a stock play. It's playing chicken against the risks of not being able to sell out in time, or the bet that the Plan will not be approved at all. Only legal bankruptcy experts need apply.

[dougem]

You need to reread the portion of my post with respect to why small holders would buy:

Small holder: Large Investors accumulating existing shares could put a squeeze on the share price, since the current "max" available qty is small.

Once again, Large Investors need to accumulate existing shares per the proposal & selling would only decrease their "buying power" ratio for the new shares. Therefore I do not see the stock price going to zero, but instead increasing in price as shares get harder to find.

With respect to "gambler" & "game of poker"....your bluff is not working.