Replies to post #2164 on EVOQ Properties Inc.(fka EVOQ)

[LouMannheim]

What's worse? The insider management team.

For every dollar spent trying to find a way to save the company, about 52 cents impacts the wealth of M&M. These guys should have focused on finding ways to speed up the process, not slow it down, to enhance their own wealth and us shareholders.

[56Chevy]

20 months...absolutely shameful IMHO because the lawyeres have been using good shareholder's money the entire time to the tune of 100 bucks an hour.

All true...I share your frustration...keep in mind though the BK laws/processes are not about the welfare of the Shareholders...it's about the welfare of the Creditors..period.
You'd have to lay the time and money WASTE at Meruelo & Maddux's feet. Why? because they could of come out with a workable plan over a year ago. They were the ones who tried to basically "steal" the company and screw the shareholders with their inintial POR's. Exclusivity kept other players off the field for a long time and provided a legal means to delay delay delay for M&M. What's really lame about it is they were wasting their own money with their delay tactics!

fwiw- The lawyers fees are actually much higher in the neighborhood of $450 @ hr.