TSX:SOT.DB - Post by User
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MARKOPOLISon Jun 21, 2022 3:14pm
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Post# 34772077
WHAT ARMOYAN DID WITH COMINAR SHARES
WHAT ARMOYAN DID WITH COMINAR SHARES Acumukated at $6,70 share right after dividend cut sold some of his position at approx 9.78 a unit kept the remainder once the offer came in at 11.70 unit they protested against it but it was accepted by shareholders
according to REIT analysts REIT are bought out at 20% of NAV
not saying that this will occur if at all but if I were them push for "alternative options" ie sale etc
note s,are has conversion debentures at 6.50 share so my guess between $6 to $6.40 share which is a 25% discount NAV and gives armoyan 30% return similar to cominar
obviously no one knows but what I do know is the AGM 59% vote is basically saying unitholders have had it and will be acceptable to viable alternative then current management