Sir Royalty Income Fund T.SRV.UN

RE:RE:What a mess

[BlueJay2020]

Now why didn't I think of that?! It's still problematic, though.  Why would you give away equity so cheaply?  Would I be interested in taking a slice of the whole business, rather than taking a royalty off the top?  To be honest, I am not sure.  I'm primarily an income investor and usually not especially interested in ownership of a restaurant - it's too volatile for me.  Then there is the question of an appetite in the public markets - I wonder if there would be more interest if a public offering was combined with the launch of a franchise model that might provide a pathway to growth?  

logicandinertia wrote: Reading the statement from the Independent trustees, what SIR CORP may be proposing would be a collapse of the structure, and taking SIR CORP public in the process, as the idea of minority shareholders having shares in a private co is a non-starter.  

Perhaps a complex undertaking, but this idea is much more palatable to me than some $3.50 buyout garbage.  It would provide SIR CORP with a public vehicle and ability to access capital markets much more easily than what it faces today - a lender (BNS) who has seemingly severely restricted the ability for the current structure to operate (in that accrued commitments are supposed to be paid to fund holders),  The addition of a larger equity component allows SIR with a more viable currency.