TSX:SRV.UN - Post by User
Comment by
flamingogoldon Jan 08, 2021 12:27pm
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Post# 32254545
RE:RE:What a mess
RE:RE:What a messSo was the news released meant to be final or a bargaining chip/bully takeover threat by the Corpotation to get the trustees to come down on their demands?
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.