Post by
MARKOPOLIS on Apr 04, 2023 7:48pm
If my math is correct armoyan can buy another 3.4 million
Shares before he's hit the limit then does into the rule
for him to take 30 million loss since June 2022 not have a strategy
the bondholders May have read riot act to Board trustees
in the event one of two things occur
1) rates fall as inflation drops we need a recession
2) or yield curve control where BOC fix rates in that case hard assets will fly high with fixed interest payments
Recession the a$$holes who hold power working at home lose their job will have to take job at office in the rebound
Comment by
SNAKEYBOY on Apr 04, 2023 8:09pm
I have no idea Aromayne bought this, with the plan to get a board seat and accept a dividend cut as the strategic review. He is either in this for the LONG LONG Haul, ready to take it private with another buyer
Comment by
riverrrow on Apr 05, 2023 9:44am
Long haul is right. The really successful, rich real estate developers have a very long term investment startegy. Years, sometimes a decade or more. They'll buy a property, neglect its maintenance and allow the property to collapse and then petition the municipality into giving them a demolition permit even thought it was designated historically significant.