TSXV:LRT.UN - Post by User
Comment by
Cbcdistressedon Mar 02, 2022 8:09am
31 Views
Post# 34474057
RE:RE:RE:RE:8 Hours to the Next Postponement
RE:RE:RE:RE:8 Hours to the Next PostponementBobTheKnob2 wrote: Cbcdistressed wrote: Right on, this is how things will end. Sadly...they are going to do that very very soon. Shelter's 100 million loan is repayment on demand which is due even sooner than the original term of the debenture.
Those $100 million will be converted to units 100%.
The other alternative probability is that Shelter (or their proxy) is on the buy side scooping up cheap shares at $0.005 until they hit 10% at which time they will make an offer to take the company private. Less hassle than trying to go through a vote to create a new control person.
Once it is private, they can do whatever they want. That is what they have been doing for over 20 years for the properties they own as Shelter Group of companies.
So much easier. So much less hassle.
That could happen too, but there is no serious bids at the moment. On the other hand, I do want to see the new balance sheet and positive fair value adjustment