Sahi Liquidity SqueezeIs a JOKE on the Public Shareholders.
MRC Annual Information Form page 4 says they have over $1.3B in properties and unencoumbered assets on the balance sheet.
Hotels are sucking wind. Ditto Enclosed Malls. Morguard North America Residential is doing just fine. Look at the 4th Q and annual numbers for that asset. MRC owns 40ish % of this.
Rai just needs to be able to pick up the phone and call the Brokers and make a few sales of some of the better performing stuff in the portfolio and use the $$$ to buyback stock.........pay down debt.
Naw.............
What I don't understand is WHY squeeze the public on the REIT price and the MRC price IF your not going to make and offer for the Whole show Rai?
He has a few directors in MRC with fairly decent stock positions also, you think a few of these folks might bring Rai to some sense.