TSX:RPR.DB - Post by User
Comment by
hawk35on Feb 16, 2023 5:56pm
120 Views
Post# 35290951
RE:Deal reached slam and armoyan on board
RE:Deal reached slam and armoyan on board This is where the rubber hit the road. In today's challenging office environment, it is unrealistic to drop SLAM as manager, pay out the cost of their shares, hire a complete staff and set up the infrastructure to manage leases, collect rents and manage disposals and acquisitions. SOT debt is already too high (no thanks to SLAM) and replacing SLAM would have hurt everyone.
Everything is on the table now. SLAM knows that Armoyan has the clout to make things happen with or without them. Perhaps the strategic review has uncovered some attractive opportunities. This should be positive for the share price especially with Mr. Armoyan and Mr. Angers sitting on the board.