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Bullboard - Stock Discussion Forum Invesque Ord Shs T.IVQ

Alternate Symbol(s):  T.IVQ.DB.V | MHIVF | T.IVQ.DB.U

Invesque Inc. is a healthcare real estate company. The Company is focused on investing in a portfolio of North American properties across the health care spectrum. The Company's portfolio includes investments in independent living, assisted living, memory care, skilled nursing, transitional care, and medical office properties, which are operated under long-term leases and joint venture... see more

Bullboard (TSX:IVQ)

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Comment by Capharnaumon Oct 14, 2021 2:34pm

RE:RE:RE:RE:RE:RE:Value of U debentures

Let's consider what has happened in the last three years: - Management loaded up debt to a high level while maintaining a really high dividend on the common shares - Management made loans to ...more  
Comment by pennydredfulon Oct 14, 2021 2:34pm

RE:RE:RE:RE:RE:RE:RE:RE:Value of U debentures

You  are   doing   a  superlative   job   making   the  case   for   the debenture holders  .  Some  ...more  
Comment by pennydredfulon Oct 14, 2021 2:30pm

RE:RE:RE:RE:RE:RE:Value of U debentures

debenture  holders    care   squat   about    shareholders.
Comment by 2young2investon Oct 14, 2021 1:49pm

RE:RE:RE:RE:RE:Value of U debentures

I understand your point of view, and I'm not implying that you were unfair. I'm 100% on your side as a debentureholder. But there is just another side of the story. If IVQ offer is voted down ...more  
Comment by Capharnaumon Oct 14, 2021 1:16pm

RE:RE:RE:RE:RE:RE:RE:Value of U debentures

I made a mistake there, those voting for would see the date and conditions extended (rather than against)... When there isn't a third party to evaluate the offer, usually, that's how it works ...more  
Comment by Capharnaumon Oct 14, 2021 1:12pm

RE:RE:RE:RE:Value of U debentures

Like I've pointed out, I've bought a good number of debentures before the pandemic. In fact, if I hadn't bought as many debentures over $90 as I have and wouldn't face a decent loss ...more  
Comment by Capharnaumon Oct 14, 2021 12:59pm

RE:RE:RE:RE:RE:RE:Value of U debentures

I also want to add that they didn't have to try and force the deal for all holders. They could have made the offer so that those voting against would see the date and conditions extended, and they ...more  
Comment by 2young2investon Oct 14, 2021 12:54pm

RE:RE:RE:Value of U debentures

I have a feeling that while @Capharnaum is quite convincing he is not toally objective here, as he bought debentures cheap and was expecting to get cash and move on. I wass expecting the same, but I& ...more  
Comment by Capharnaumon Oct 14, 2021 12:49pm

RE:RE:RE:RE:RE:RE:Value of U debentures

Well... if the deal is rejected and they announce they will pay in shares, you could sell your debentures before the conversion for a price upwards of $90 (probably around $95). If you accept the deal ...more  
Comment by Stratocheifon Oct 14, 2021 11:51am

RE:RE:RE:RE:RE:Value of U debentures

I guess you bought them at recent market price. But many investors bought them near par years ago. So for us there us no advantage to selling or evaluating what benefit may be had from getting shares. ...more  
Comment by Capharnaumon Oct 14, 2021 9:48am

RE:RE:RE:RE:Value of U debentures

If you look at the common stock, Tiptree owns 30% and Magnetar own 26%. Then, the next largest public holders are Dimensional Fund at 0.7% and Scott White at 0.54%. I've verified and both Tiptree ...more  
Comment by pjn0987654321on Oct 14, 2021 8:30am

RE:RE:RE:Value of U debentures

Seems odd to me that the debenture holders are all small retail.   I would have expected to see various funds, many of whom would have bought at par and be looking at a loss position and as ...more  
Comment by Capharnaumon Oct 13, 2021 10:10pm

RE:RE:Value of U debentures

Also, if rejecting the deal was a matter of going concern, they would have been required to write it in the prospectus. They clearly write that if the deal is rejected, they will fund it otherwise ...more  
Comment by Capharnaumon Oct 13, 2021 9:58pm

RE:RE:Value of U debentures

Nope, I checked and the two main funds don't hold a single debenture. There ain't no holders above 10% either. They say in the prospectus that if they receive 66% early, they will cancel the ...more