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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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Comment by Tree2treeon Dec 27, 2024 4:23pm

RE:RE:RE:News Release...

The 3 month acceleration is very significant, because it means the new management can carry out its game plan sooner.
Comment by Tree2treeon Dec 27, 2024 4:12pm

RE:RE:RE:RE:News Release...

HR when they do pay the interest, you can buy champagne for this board and I will buy the beer.
Comment by HRc60to65on Dec 27, 2024 3:55pm

RE:RE:RE:News Release...

I will be very surprised and happy if SOT is payying interest on the debentures.  It is more than 116 000$ in interest for my debentures holding
Comment by HRc60to65on Dec 27, 2024 3:50pm

RE:RE:RE:News Release...

Last June, SOT management said SOT is having the cash to paid the debenture interest.   The interest debt for the debenture is offset by the same amount of cash (theory). It is possible SOT ...more  
Comment by TVRon Dec 27, 2024 3:42pm

RE:RE:News Release...

Amazed the unit price went up 50% today on fairly high volume, presumably a response to the Dec 24 press release which really announced nothing significant.  Name change is irrelevant, other than ...more  
Comment by Tree2treeon Dec 26, 2024 10:01pm

RE:News Release...

I'm not too worried about the listing, but I wouldn't expect the dividend to resume so soon.  Patience is needed for a major restructuring/refinancing, and we want them to do it right.
Post by pennylane101on Dec 26, 2024 10:35am

News Release...

Very positive news!   Hopefully the deb holders will see an interest payment on Dec 31 and the stock will stay listed on the TSX.  
Comment by wildrunner11on Dec 24, 2024 10:00pm

RE:RE:RE:RE:RE:RE:Ok so it's one step at a time

No, not a prepaid expense. It is an early termination fee with the new effective termination being Dec 31, 2024. So the expense should be booked in Q4. 
Comment by HRc60to65on Dec 24, 2024 2:53pm

RE:RE:RE:RE:RE:Ok so it's one step at a time

The 2M$ will be in pre-paid expenses.  I do not think interest on the debenture will be paid Dec 31.  The default is not cured. Also we have more cash in hands that we need.  The last ...more  
Comment by wildrunner11on Dec 24, 2024 12:00pm

RE:RE:RE:RE:Ok so it's one step at a time

First, solid step of many needed to get on right path. Still many problems to overcome.  well that means Q4 will have an extra $2M expense.  We should hear something in the first few ...more  
Comment by Tree2treeon Dec 24, 2024 11:28am

RE:RE:RE:Ok so it's one step at a time

HR je suis d'accord.  They would not be farting around with a name change if delisting were imminent.  I believe they have a plan to turn the company around, and it will start unfolding ...more  
Comment by HRc60to65on Dec 24, 2024 11:17am

RE:RE:Ok so it's one step at a time

The pr doesn't speak about recapitalisation. the REIT also announced today that it will change its name to "Ravelin Properties REIT" The delisting is not on the cards with the new name
Comment by Tree2treeon Dec 24, 2024 11:10am

RE:Ok so it's one step at a time

Well the common share buyers are seeing the news as positive.
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