Replies to post #1746 on EVOQ Properties Inc.(fka EVOQ)

[Enterprising Investor]

The final SEC filing.

Our common stock, par value $0.01 per share, was delisted from The Nasdaq Global Market effective April 7, 2009. On January 22, 2010, we filed, on Form 15, a certification and notice of termination of registration under Section 12(g) of the Securities Exchange Act of 1934 and suspension of duty to file reports under Section 15(d) of the Securities Exchange Act of 1934. Our obligation to file reports pursuant to Section 15(d) is suspended effective with fiscal year 2010.

Source: 10-K (Item 23. Subsequent Events)

[Enterprising Investor]

Consolidated Equity at 12/31/09 was $155.4 million.

The Consolidated Financial Statements include entities not in Chapter 11 reorganization proceedings.

Book value per share was $1.77.

Debtors Equity at 12/31/09 was $149.6 million.

Book value per share was $1.70.

Thus, there is about a $6 million difference in equity between the two sets of financial statements. Total assets are within $85 thousand.

[drsandcrs]

Sellers needed and a TWO year anniversary .....

where have all the MMPI sellers gone?? .... as i am trying to add MMPI shares without having to hit the offer .... i may need to adjust and either raise my bid or simply take shares at the offer .... anyways ...

A TWO year anniversary with MMPI is approaching ...

Although i started following MMPI in the fall of 2006 pre IPO my first purchase was for 2,000 MMPI shares ...

July 2, 2008 at $1.80 per share ... YIKES!

soon thereafter Andrew Murray, the CFO, purchased approx 75,000 shares around $1.95 and that reinforced my opinion that $1.82 would turn out to be a good number ... besides I personally spoke to Murray and he said at that time a FIRE sale of all properties would bring $250 million net to shareholders .... $2.84 per share

since then I have purchased MMPI shares all the way down @ $1.50, 70 cents, 40 cents etc etc etc .... my largest number of shares purchased were at 3.3 cents ... lowering my average cost to approximately 9 cents ...

well TWO years later and MMPI is now at 25 cents .... what a long strange trip this has been .... as i now find myself looking to add MMPI shares and average UP ...... which i really do not like doing ...... but my instincts say .... this is a minimum 4 bagger from this level .....

well then .... just need a few sellers to get in gear and hit my bids .....

and regardless of whether i am able to add more shares .... imo, MMPI needs to exit BK and get on with the business of realizing its book value of $1.77 per MMPI share ...

good luck to all ...