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News Focus

LQWD Technologies Lightning Network Infrastructure Surpasses 1 Million Global Transactions (click to learn more)

Bullboard - Stock Discussion Forum Slate Office REIT 9 00 Convertible Unsecured Subordinated Debentures Exp 28 Feb 2026 T.SOT.DB.B

Primary Symbol: T.SOT.DB Alternate Symbol(s): SLTTF | T.SOT.UN | T.SOT.DB.A

Slate Office REIT (the REIT) is a Canada-based global owner and operator of workplace real estate. The REIT is an unincorporated, open-ended real estate investment trust. The REIT owns interests in and operates a portfolio of real estate assets in North America and Europe. The REIT's portfolio is primarily comprised of government and credit tenants. The REIT's portfolio consists of... see more

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Bullboard (TSX:SOT.DB)

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Comment by Tree2treeon Nov 10, 2024 10:51am

RE:RE:RE:sot_-_q3_2024_financial_statements_vsedar Note 28

Interesting discussion here. Yes, SOT is generating a bit of cash - but not enough to pay down debt significantly. Whether or not a bankruptcy happens, the lenders are in a position to ...more

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Discussion

Comment by TVRon Nov 10, 2024 10:47am

RE:RE:RE:sot_-_q3_2024_financial_statements_vsedar Note 28

The underlying business of SOT.UN appears to be doing quite well since the average occupancy across the portfolio is only 79% and they are still making money on the operations side. The problem ...more

120

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Bitcoin-Backed LQWD Technologies Lightning Network Infrastructure Surpasses One Million Global Transactions

posted Nov 21, 2024 9:00am by LQWD Technologies Corp.

Since deploying LQWD's Bitcoin Lightning Network strategy in November 2021, the Company's transaction infrastructure continues to experience strong growth with exponential growth in 2024. From January 1, 2024, to October 31, 2024 LQWD facilitated approximately 643,000 transactions, compared to approximately 112,900 transactions for the same period in 2023. ...read more

Comment by pennylane101on Nov 10, 2024 10:34am

RE:RE:RE:sot_-_q3_2024_financial_statements_vsedar Note 28

In other words, the company is not insolvent. Section 192 of the CBCA: “it is not practicable for a corporation that is not insolvent to effect a fundamental change in the nature of ...more

Discussion

Comment by HRc60to65on Nov 10, 2024 10:04am

RE:RE:sot_-_q3_2024_financial_statements_vsedar Note 28

Sot is a profitable business. at 6x the net income 2.4M$/Q or 9.6M$/year = 57.6M$ 56.6M$/84.4 units = 0.68$ per unit Net loss 182M$ is including 184.4M$ of the following non cash items ...more

Discussion

Comment by Tree2treeon Nov 10, 2024 9:00am

RE:sot_-_q3_2024_financial_statements_vsedar Note 28

The pressure from lenders is not a bad thing if it speeds up action by the board. We debenture holders are also lenders, and we want to get paid too. I hope some of those buying debentures ...more

Discussion

Comment by HRc60to65on Nov 10, 2024 4:56am

RE:sot_-_q3_2024_financial_statements_vsedar Note 28

Correction Sales already annonced of properties sale in q4-2024, total 64.2M$: Winnipeg,114 Garry Street 14.3M$ Winnipeg, 365 Hargrave Street 10.9M$ I think it is : Ontario, Markham, Gateway ...more

Discussion

Post by HRc60to65on Nov 10, 2024 4:51am

sot_-_q3_2024_financial_statements_vsedar Note 28

Note 28 iv. On October 31, 2024, one of the REIT's lenders provided formal Event of Default notices expressing their right to demand repayment of the borrowings at their discretion. The Event of ...more

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Discussion

Comment by Tree2treeon Nov 09, 2024 6:40pm

RE:CIBC comments after conference

Thanks for that CIBC report, very helpful. I appreciate that they are telling it straight, the equity of common shareholders could go as low as zero. However.. in response to some of the ...more

105

Discussion

Comment by rad10on Nov 09, 2024 4:08pm

RE:RE:CIBC comments after conference

But I thought it was all rainbows and unicorns according to 2$hort planks. A recapitalization basically means the equity is worthless, and the debentures may or may not be. They are ...more

Discussion

Comment by TVRon Nov 09, 2024 1:00pm

RE:CIBC comments after conference

I think the CIBC analysis pretty much sums things up. Not good. Little prospect of anybody bailing the REIT out and doubtful that Armoyan or SAM, either together or individually, have the financial ...more

Discussion

Post by InvestSmarteron Nov 09, 2024 11:41am

Dilution?

Sounds like common unitholders will be wiped out in this restructuring, as debt gets closer to 100% of assets. Possible dilution of unitholders along with a 10:1 reverse split? With debt so high, I ...more

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Post by incomedreamer11on Nov 09, 2024 11:05am

CIBC comments after conference

Tough Situation Gets Tougher Following a deterioration in its financial condition, SOT has suspended its portfolio realignment plan and is exploring recapitalization alternatives. On October 24, SOT ...more

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Discussion

Post by Tree2treeon Nov 08, 2024 5:31pm

That was a day..

..that could have gone either way, given the many uncertainties remaining. The quarterly report was not a 'best case', and certainly not a 'worst case' situation. We now ...more

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