Slate Office REIT 9 00 Convertible Unsecured Subordinated Debentures Exp 28 Feb 2026 T.SOT.UN

SOT.DB.B trading at 46.10 default is

[MARKOPOLIS]

Inevitable pretty soon debt holders will own the equity 

SLAM will receive armoyan vote in May as per their agreement 

armoyan was wise to read my report

[pennylane101]

Slate Office Reit only has to come up with roughly $10.6 million yearly to maintain interest payments for all debenture holders.  I can't really see how they would go into default on the debentures. The Statement of Cash Flows shows they're still generating $40 million in cash yearly despite all the doom and gloom.

[pennydredful]

They  need  money  for  mortgage  payments  both  principal  and   interest   that   rank  ahead   of debentures. 

[pennylane101]

Until we hear otherwise, all this is just conjecture and speculation that Slate Office Reit is about to default.  I don't see Armoyan and clan selling off, in fact he made some purchases of the units recently.  You know the saying "A brave man dies but once a coward many times."

[MARKOPOLIS]

Paul Tudor jones says "losers only average down on losers "  they are toast