RE:RE:Some direct quotes from the Q2 press releaseYes indeed!
Another nice thing I discovered:
Page 33 of the Dream Office Q2 MD&A says unencumbered assets are $17.1 million, of which $2.7 million is unpledged DIR units and $14.4 million is 'investment properties not pledged as securities for debt'. On page 50 of the MD&A, it says that 1.43 million DIR units (around $20 million at $14.00/DIR unit) are secured against the $10 million credit facility and that the $20 million demand revolving credit facility (since reduced to $10 million per page 49 of the MD&A) is secured by one property (which is the 229k sqf Vendasta Square in Saskatchewan). There are zero drawings on either credit facility.