Post by
MARKOPOLIS on Dec 29, 2023 9:58am
VOTING AGAINST LEVERAGE
Wil force slam to reduce fees to zero
or it doesn't continue to be a going concern
Comment by
DanielDarden on Dec 30, 2023 1:51pm
If you are suggesting that SLAM is impacted more than SOT if the vote does not succeed you should reconsider your logic. In that scenario SOT would likely have to dispose of properties at liquidation prices with vultures circling (GA ?). SLAM could take over some properties to collect their accrued fees. Unitholders would be the ultimate losers as NAV/u would drop further.
Comment by
pennydredful on Dec 30, 2023 8:42pm
At the last CC they already announced the planned sale of certain non saleable properties .