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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 pennylane101on Dec 05, 2024 10:18am

Listing Compliance...

Sixty days from Oct 25, 2024 is Christmas day.    I just want to confirm if the sixty days are business days only or if it includes weekends and holidays.  
Comment by Tree2treeon Dec 04, 2024 1:18pm

RE:RE:RE:RE:RE:RE:RE:Now that Armoyan has control I will evaluate his performance

A reverse split makes no difference to anything in terms of who is entitled to what share of assets.  They could do that later, after restructuring and stabilization, just to make the share price ...more  
Comment by Tree2treeon Dec 04, 2024 1:16pm

RE:RE:RE:RE:RE:RE:Now that Armoyan has control I will evaluate his performance

"The stock price is to low to issue common units."  I disagree.  If GA and associates are the ones subscribing for shares, then the lower the better for them.  But the exact ...more  
Comment by pennylane101on Dec 04, 2024 10:42am

RE:RE:RE:RE:RE:RE:Now that Armoyan has control I will evaluate his performance

Yes. Okay, what about a 5 to 1 reverse split followed by an equity raise.  I don't believe Sot  management needs shareholder approval for a share consolidation.  I remember reading ...more  
Comment by HRc60to65on Dec 04, 2024 10:16am

RE:RE:RE:RE:RE:Now that Armoyan has control I will evaluate his performance

G. Armoyan and SOT have some option to turn around SOT.  The Court restructuring is the worst scenario for Mr Armoyan and I think he do not want that. The stock price is to low to issue common ...more  
Comment by HRc60to65on Dec 04, 2024 9:13am

RE:RE:RE:RE:RE:Now that Armoyan has control I will evaluate his performance

I understand your opinion. When I invest in a distress stock like SOT.  I try to put all scenarios on the table, to evaluate my risk. The first thing the default shall be cured, by refunding ...more  
Post by pennylane101on Dec 04, 2024 7:40am

Welch Bros Significant Influence...

The Welch Brothers may have resigned from the Board but they still wield a lot of power with respect to the Special Voting Trust Units and the Class B Limited Partnership Units which carries enhanced ...more  
Comment by BondManSlateon Dec 03, 2024 8:24pm

RE:RE:RE:RE:Now that Armoyan has control I will evaluate his performance

RAD10, cool your jets—I wasn’t even talking to you. My reply was aimed at HRc60to65, the other keyboard warrior in this restructuring smackdown. Also, let’s brush up on Corporate Restructuring 101 ...more  
Comment by rad10on Dec 03, 2024 8:06am

RE:RE:RE:Now that Armoyan has control I will evaluate his performance

I love it when a "new poster" with a single issue handle steps in spewing nonsense.   I am well-versed in corporate restructuring of an upside down capital structure. The thing to ...more  
Comment by Tree2treeon Dec 02, 2024 8:32pm

RE:RE:RE:Now that Armoyan has control I will evaluate his performance

I don't think GA needs to rob the debenture holders in order to make money from this opportunity.  I assume he invested in SOT because he saw the value of the assets (and how previous ...more  
Comment by BondManSlateon Dec 02, 2024 7:04pm

RE:RE:RE:RE:Now that Armoyan has control I will evaluate his performance

I agree with you—debentures are in a solid position, It’s true that some newer voices on the board seem to be throwing around scenarios that don’t hold up to much scrutiny, so staying quiet makes ...more  
Comment by TVRon Dec 02, 2024 6:27pm

RE:RE:RE:Now that Armoyan has control I will evaluate his performance

BMS - Your assessment matches mine regarding the position of the debenture holders.  I had  experience of a couple of CCAA restructurings in the energy sector fifteen years ago. In both ...more  
Comment by BondManSlateon Dec 02, 2024 5:12pm

RE:RE:Now that Armoyan has control I will evaluate his performance

LOL, I couldn't disagree more! You're talking as if Armoyan can just wave a magic wand and do whatever he pleases. Why not go all the way, take a massive write-off, and boot out the secured ...more  
Comment by rad10on Dec 02, 2024 5:39am

RE:RE:RE:RE:RE:Now that Armoyan has control I will evaluate his performance

  GA is in control, and he will look after GA and G2S2. Try to align yourself with what he is doing, and you may come out ahead. A formal CCAA restructuring is one of several options ...more  
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