TSX:SOT.DB - Post by User
Comment by
rad10on Jan 09, 2023 2:42pm
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Post# 35211746
RE:Stay tuned for a flurry of activity ...
RE:Stay tuned for a flurry of activity ...
CanSiamCyp wrote: .... in the days and weeks ahead!
The Annual and Special Unitholder Meetings are scheduled for 28 March 2023 ... so all of the documentation soliciting our votes will have to be sent out at least one month in advance of that date.
The big questions:
- Will SLAM/The Welch Brothers allow the process to come to an ultimate vote? Or will they sense the upcoming defeat and try to avoid losing face and their reputation (since they have much bigger fish to fry in their other real estate funds)?
- If the latter ... which several SH commenters believe strongly ... then the REIT managers must come up with a better "plan" to seize control of the debate ... such as an attractive unit price offer to buyout the retail investors and move the assets into their larger real estat funds.
- If they come up with such a strategic plan, how will Armoyan respond? Accept it as a good and final resolution of the long-standing mismanagement of the REIT .... or adopt a position of "Don't trust the SLAM team to do right by you this late in the game!", and decide to stay on course for a take-over of the Board?
While SLAM/The Welch Brothers can be said to be many things .... conniving, manipulative, greedy, self-serving, dishonest, corrupt, etc. .... one thing they are not is stu pid! So we can guarantee that they have a plan to blunt the attack led by Armoyan!
Interesting times indeed! Good luck to all long-suffering unitholders!
I love these scenarios. Kick back, scoop up the interest and distributions, whilst watching both sets of greedy self serving parties go to war!
No guarantees, but difficult to lose much in this scenario.
It's almost a SLAM dunk!