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

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

Bullboard (TSX:RPR.DB)

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Post by Tree2treeon Nov 08, 2024 8:07am

Misinformation

It looks like somebody is spreading misinformation (probably a poster that I ignored).  Nobody can force conversion of debentures to equity.  The only thing the creditors can force is ...more  
Comment by pennylane101on Nov 08, 2024 7:58am

RE:RE:The key paragraph

I suspect the past two quarter's writedowns were highly aggressive in order to reduce the BVPS and increase the probability of unit/deb holder acceptance of the offer that is coming.   ...more  
Comment by rad10on Nov 08, 2024 3:01am

RE:RE:RE:The key paragraph

The debs are unsecured, the liquidation value is considerably less than the stated book value. The debs will probably be forcibly converted to equity with massive dilution.  They have been in ...more  
Comment by rad10on Nov 08, 2024 2:56am

RE:Debentures

Forced conversion considerably more likely.  Remember they have been in default.  Massive dilution inbound.  GA owns a lot of them so dilution isn't terrible for someone who wants ...more  
Post by Northforce13on Nov 08, 2024 12:53am

Debentures

It is possible that the recap plan asks deb holders to extend maturities and lower interest rates.  Possibly with a minor sweetener included.   The (suspicious) asset writedowns ...more  
Comment by Northforce13on Nov 08, 2024 12:43am

RE:RE:The key paragraph

"The suggesstion tnat the 3 series of convertible debentures "could" be converted to equity " I don't see that as a significant possibility.  It would impact GA's ...more  
Comment by TVRon Nov 08, 2024 12:43am

RE:RE:The key paragraph

While Armoyan has a sizeable investment in the REIT and is almost certainly playing a significant role in the planned restructuring he is definitely not in control.  Both the secured lender group ...more  
Comment by TVRon Nov 08, 2024 12:18am

RE:The key paragraph

The suggesstion tnat the 3 series of convertible debentures "could" be converted to equity seems very probable and if it happens will likely extinguish most of the value in the common shares ...more  
Comment by Northforce13on Nov 08, 2024 12:06am

RE:The key paragraph

Everything you said is accurate I suspect the past two quarter's writedowns were highly aggressive in order to reduce the BVPS and increase the probability of unit/deb holder acceptance of the ...more  
Post by Tree2treeon Nov 07, 2024 11:39pm

The key paragraph

"During the three months ended September 30, 2024 and subsequently, the REIT’s financial condition has continued to deteriorate. The REIT now requires additional funding in the near term and ...more  
Post by Tree2treeon Nov 07, 2024 10:44pm

FFO positive; NAV positive

Hopefully the writedowns are done now.
Post by toddkazon Nov 07, 2024 11:38am

Donald Trump says get back in the office!

BREAKING: TRUMP SAYS WHEN HE’S PRESIDENT GOVERNMENT EMPLOYEES CAN STILL WORK FROM HOME JUST NOT FOR THE GOVERNMENT.        
Comment by pennydredfulon Nov 06, 2024 3:55pm

RE:I wonder if other Welch funds

deep   pocket  potential  buyers  For  Winnipeg   properties   would  be   Winnipeg   based  Richardson    ...more  
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