RE:RE:RE:This is a good deal!Thanks for that analyis BarstoolSage.
This would have had to been put in front of the board of directors for approval first according to their bylaws. I would assume that proper procedure and protocol would have been taken then in regards to getting independant evaluations done. In the end it will help "clean" up the company structure and that should be a positive for all us shareholders. As well insiders do hold quite a good % of shares and am sure they would not approve this if the value was out of line.
When you seperate the (building + land value) from the casino (business) the value does seem fair. I am in no way qualified to do any type of figuring on those values but for rough value figures I thought $ $70 mill for land and building + $80 mill (business) = $150 mill X 9% = value we paid.
If any of you are Calgary property tax payers you can find out the assessed value for the city of Calgary. You just need your property tax roll number to create an account and then sign up and you can see all property "assessed" values for Calgary.
Here is a link:
https://www.calgary.ca/pda/assessment.html