OEC increased to seven members

(1) Taylor International Fund, Ltd.
714 South Dearborn Street, 2nd Floor
Chicago, IL 60605
Attn: Stephen S. Taylor
Phone: (312) 583-0500

(2) David A. Spinney
280 Sheridan Road
Winnetka, IL 60093
Phone: (847) 446-7945

(3) Douglas J. McCaslin
01600 S.W. Greenwood Road
Portland, OR 97219
Phone: (503) 243-6020

(4) Williams & Ribb LLP Profit Sharing Plan
4300 Long Beach Boulevard, Suite 350
Long Beach, CA 90807
Attn: John D. Williams
Phone: (562) 423-8777, Ext. 29

(5) David Ofman
718 W. Melrose Street, 3W
Chicago, IL 60657
Phone: (847) 910-7333

(6) Kapil Tayal
10400 Swift Stream Place, #107
Columbia, MD 21044
Phone: (312) 504-9344

(7) David Pourbaba
8271 Melrose Avenue, Suite 200
Los Angeles, CA 90046
Phone: (323) 951-0242

Source: PACER (Docket 1661)

Done deal! OEC appointed.

Jennifer L. Braun appointed three equity holders to serve on the Official Committee Equity Holders:

Taylor International Fund, Ltd.
714 S. Dearborn St., 2nd Fl.
Chicago, IL 60605
Attn: Stephen S. Taylor
312/583-0500

David A. Spinney
280 Sheridan Rd.
Winnetka, IL 60093
847/446-7945

Douglas J. McCaslin
01600 S.W. Greenwood Rd.
Portland, OR 97219
503/243-6020

Congratulations and good luck!

OEC given authority to file plan upon formation.

Judge Kathleen Thompson will allow the OEC to file its own plan without having to wait for exclusivity to end for the Debtor.

Now, all we need are some members!

Exclusivity ends in regards to Charlestown/Hartland

Shareholders Charlestown Capital Advisors, LLC and Hartland Asset Management Corp. have the ability to file a competing plan.

Based on the discussion in the courtroom, it appears that the group has been working with both the OCC and several secured creditors for some time. It is my understanding that the plan will involve institutional investors providing both debt and equity capital.

OEC approved!

The United States Trustee, Jennifer L. Braun, stated in today's exclusivity hearing that an Official Equityholders Committee is now in the process of being formed. Braun stated that she is working with the SEC, the Debtor and others to obtain a shareholder list. Solicitation letters could be sent out next week.

The "revised" EC letter

The guidance I provided for writing a letter on 4/16/10 needs to be updated.

MMPI is currently working to get its Second Amended Plan confirmed.

Item 3 needs to be freshened up. Here are the most up-to-date areas of concern:

• The Second Amended Plan contemplates wiping out existing equityholders and infusing New Equity via a private placement to "accredited investors".
• Current management controls 51.9 percent of MMPI equity. The plan represents a "management plan".
• The Official Unsecured Creditors Committee had a potential plan proponent that was willing to to pay more than $10 million for the equity in MMPI, pay all unsecured creditors in full on the Effective Date and provide better treatment for secured creditors. The majority of members on this committee are not interested in pursuing any other plan. The OUCC was the only other party who can propose a plan.

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