TSX:SOT.DB - Post by User
Post by
MARKOPOLISon Apr 13, 2022 2:16pm
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Post# 34601237
WHY VOTING AGAINST ALL TRUSTEES AGM
WHY VOTING AGAINST ALL TRUSTEES AGM1. Raised equity dillution at 45% discount to NAV in order to over leverage balance sheet to 68% LTV in a rising rate environment
2. no buyback of shares trading at 50% discount to NAV as they indicated to other investors see other previous posting in 2020 and 2021
3. New CEO Steve Hodgson did not buy one single share since he took over all awhile collection 500k annual salary ( sub receipts don't count )
4 Lindsay styles who responsible in increasing occupancy has been a colossal failure only reason slight increase was because of sales assets she hasn't bought one share when she was appointed stock traded at $4
5. New CEO Charles hasn't bought one share now that he has had opportunity review financials he is seeing what the market is seeing shannaigans ......ie the 2 million lost deposit on purchase in March 2020 in which they expensed through income statement and refused to address it on conference calls
6. slate assets management making tens millions fees from assets purchase and sales and feels that buying shares of this stock which trades 49% discount to book which they claim is worth 8.90
7. Slate assets charges fees based on the NAV these finances charges have harmed shareholders to a point where earnings on top bottom line a declined
8. false and misleading guidance to analysts on conference calls in which they continued to say they would grow. SPNOI occupancy AFFO this has been going on since 2017 , slate removed Antoniak previous CEO and installed Hodgson who has failed
9. Welch brothers, Obryan, fair key these trustees don't buy one share speaks volumes
voice your right