Replies to post #2065 on EVOQ Properties Inc.(fka EVOQ)

[ValueInvestorToday]

I think this line of Richie's PR is very revealing.

"East West's efforts are not in the best interest of our company nor in the best interest of MMPI's creditors."

Notice how he didn't say best interst of our shareholder's. The shareholder is the last thing on his mind. Richard, there's little doubt to most shareholders that removing you from your post is the absolute best thing to do for the SHAREHOLDERS. It's inevitable and unfortunately for you, you're the last to know about what will probably happen.

[Enterprising Investor]

Ex Parte Application for Sanctions for Debtors' Violations of Section 1125 and for Remedial Measures to Debtors' 9/09/10 Press Release (9/14/10)

[edited]

As indicated by the Court on 9/13/10, a specific request for relief sought should be brought before the Court to address the Debtors’ Press Release. This Ex Parte Application identifies the relief sought and demonstrates that Debtors’ Press Release was an improper solicitation in violation of section 1125 and was in bad faith grossly misrepresenting the true state of affairs before the Court and disparaging EWB and the joint plan proposed by Legendary and EWB.

I. The Debtors Have Engaged in Unlawful, Bad Faith Solicitation in Violation of Section 1125 and Have Otherwise Significantly Interfered With the Disclosure Statement/Plan Confirmation Process.

II. The Debtors’ Disclosure Statement Should Not Be Approved and the Debtors Should Be Restrained From Any Further Improper Solicitation Activities.

III. If the Debtors’ Disclosure Statement Is Approved and Allowed to Be Distributed, Appropriate Measures Should Be Taken to Minimize the Harm Caused By and the Harm Continuing to Stem From the Debtors’ Actions.

IV. The Court Should Order Expedited Discovery So That Appropriate Sanctions May Be Fashioned.

Source: PACER (Docket 1820)

[Enterprising Investor]

Judge Thompson rules press release in violation of § 1125(b).

An acceptance or rejection of a plan may not be solicited after the commencement of the case under this title from a holder of a claim or interest with respect to such claim or interest, unless, at the time of or before such solicitation, there is transmitted to such holder the plan or a summary of the plan, and a written disclosure statement approved, after notice and a hearing, by the court as containing adequate information. The court may approve a disclosure statement without a valuation of the debtor or an appraisal of the debtor’s assets.

Judge Thompson has ordered that there be a retraction by both MMPIQ and Richard Meruelo, individually, based on (1) implied solicitation and (2) substantial inaccuracies.

The parties are now working on language.

[Enterprising Investor]

EWB files Complaint for Damages (9/22/10)

Based on (1) Libel Per Se and (2) Libel as detailed in the "False Press Release" distributed by PR Newswire.

MMPIQ and Richard Meruelo, individually, are co-defendants.

Case No.: 1:09-BK-13356-KT

Source: PACER (Docket 1)

[Enterprising Investor]

Order granted on Emergency Motion of the OEC and OCC for Expedited Examination and Production on Press Release (10/13/10)

Source: PACER (Docket 1939)