RE:RE:RE:Good news. Insiders received 3825 shares; no one sold anywheeloffortune wrote: It's trading at 0.53 p/bv at $2.03--so there's a lot of hidden value tucked away.
Here are the numbers as I see it:
| Property | Value | Equity | per unit |
| Western | $108.00 | $43.20 | $0.94 |
| PQ | $158.00 | $63.20 | $1.37 |
| ON | $120.00 | $48.00 | $1.04 |
| | $386.00 | $154.40 | $3.36 |
The equity is based on 40% equity since the Debt/GBV is around 57%. The special div on the Western was $0.87, so not too far off. The price it used to trade at was around $3, which is 89% of equity.
That leaves:
| Property | Value | Equity | per unit |
| PQ | $158.00 | $63.20 | $1.37 |
| ON | $120.00 | $48.00 | $1.04 |
| | $278.00 | $111.20 | $2.41 |
The price is now around $2, so 82% of equity. There is also one property left in Selkirk, MB.
With the sale of the PQ properties, that leaves:
| Property | Value | Equity | per unit |
| ON | $120.00 | $48.00 | $1.04 |
$1.37 from PQ + $1.04 from ON = $2.41, so there is a 20% gain / $0.40 per share on the current price if the costs of liquidation don't eat up too much of the final cash received.