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Bullboard - Stock Discussion Forum Ravelin Properties REIT 9 00 Convertible Unsecured Subordinated Debentures Exp 28 Feb 2026 T.RPR.UN


Primary Symbol: T.RPR.DB Alternate Symbol(s):  SLTTF | T.RPR.DB.A | T.RPR.DB.B

Real Estate REIT - Diversified

Bullboard (TSX:RPR.DB)

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Comment by rad10on Nov 08, 2024 3:15pm

RE:RE:I expected

Its a possible scenario.  Seems reasonable.  Interest coverage ratio now 1.3x - ouch Something has to give. Get the popcorn and watch GA extract value FOR HIMSELF.  Hope you get on ...more  
70
Discussion
Comment by rad10on Nov 08, 2024 3:08pm

RE:Thoughts...

you can be sure there is an ad hoc committee of debenture holders.  Debentures will be converted with a 66% vote (need to check this in the indenture).  Why would the board waste time when ...more  
95
Discussion
Comment by HRc60to65on Nov 08, 2024 2:57pm

RE:RE:RE:I expected

A partial conversion of debentures to minimize the common shares dilutions
46
Discussion
Comment by Tree2treeon Nov 08, 2024 2:25pm

RE:RE:I expected

HR, I'm not sure why you think the debentures will be partially converted to commons, but the outcome you are predicting would not be bad.  I also added some debentures today on the dip.
57
Discussion
Comment by HRc60to65on Nov 08, 2024 2:03pm

RE:I expected

I had bought debenture today.  I believe debenture will be refund in full + all due interest.   Debenture will be converted in a mix like: 50% of the face value in new debenture at 5 ...more  
78
Discussion
Post by divime1on Nov 08, 2024 12:02pm

I expected

to see a blood bath this morning .  Many like myself are down so what's the point of selling now . I will  stick around to see how this plays out .It's been a great year in the ...more  
117
Discussion
Comment by Tree2treeon Nov 08, 2024 11:49am

RE:RE:RE:RE:RE:Debenture Holders Now the Key to Restructuring

"Why take the properties off the selling block?"   My guesses:   1.  The market has not rebounded to the extent that they could be sold at a good price.  Selling at a ...more  
85
Discussion
Comment by pennylane101on Nov 08, 2024 11:36am

RE:RE:RE:RE:Debenture Holders Now the Key to Restructuring

Right!  Why take the properties off the selling block? It makes no sense. Something is up and you can be sure Armoyan will benefit. The debt holders do NOT want a liquidation (or we could have ...more  
70
Discussion
Comment by Tree2treeon Nov 08, 2024 11:04am

RE:RE:RE:Debenture Holders Now the Key to Restructuring

Somebody pointed out that GA recently sold assets for over $100 million, I don't remember the exact amount.  And people like that have friends.   Re the "untenable" debt ratio, ...more  
70
Discussion
Comment by TVRon Nov 08, 2024 10:50am

RE:RE:Debenture Holders Now the Key to Restructuring

T2T - No question Arrmoyan is probably the largest unitholder and would certainly want to recover on his investment.  However, I do not htink he is a large enough unitholder or has deep enough ...more  
86
Discussion
Comment by Tree2treeon Nov 08, 2024 10:16am

RE:Debenture Holders Now the Key to Restructuring

TVR, I agree that "It is positive that today's early trading in SOT.UN has not resulted in an enormous drop in market price."   However, I respectfully disagree that debentures are ...more  
88
Discussion
Post by TVRon Nov 08, 2024 10:09am

Debenture Holders Now the Key to Restructuring

The 3 series of convertible debentures outstanding amount to a total of $158.7 million of debt, plus an aditional $10.5  million for accrued unpaid interest to end of 2024.  With the latest ...more  
112
Discussion
Post by Tree2treeon Nov 08, 2024 9:38am

Delayed reaction

It's like many or most shareholders did not read the news before market opened.  Now it looks like there is a bit of a panic reaction.  It may take time for people to reassess the odds ...more  
99
Post by pennylane101on Nov 08, 2024 8:49am

Thoughts...

"Significant" negotiations are currently underway.  Negotiations with the secured creditors, I would imagine. Have debenture holders been approached?  I certainly have not.  ...more  
104
Discussion
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