Terra Firma Capital Corp. TFCCF

Terra Firma Capital Corporation is a publicly traded real estate finance company that provides customized debt and equity solutions to homebuilders, developers and property owners. Terra Firma focuses on quality commercial and residential development land and project financing. They target urban and suburban developments in high growth markets in the United States and Canada.

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Terra Firma Capital Corp. > Great Gulf warrants

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Comment by Thesweethearton Oct 16, 2019 1:10pm

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Post# 30236737

RE:Great Gulf warrants

Method wrote:
Great Gulf has warrants to buy another 500k shares at C$8.50 expiring in August. I think they will bid $8.50 for the company by expiry if the stock isn't already above that price by then.

Management will do whatever it can to get the stock above that price by then as that capital will come in handy even though it will be dilutive to book value per share. In fact, the dividend, share consolidation and NCIB are all designed to get the stock price up above that warrant exercise price.

you may think so, which doesnt make it so.

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