RE:TenderIf Artis/Sandpiper/DAM do not meaningfully participate in the SIB, then we are going to see the 12.5 million weakest hand units cancelled. That would be a full 50% of the units not owned by Artis/Sandpiper/DAM and this is the 50% who have been doing all of the recent selling, the 50% who think least of the Dream Office prospects granted they are the 50% who think Dream Office is not worth more than $15.50 and that it therefore makes sense to sell Dream Office for $15.50 or think that there are better investment alternatives than Dream Office at $15.50. Who will be left to sell Dream Office in the future for under $13? Those who think Dream Office is only worth such a sum are about to be bought out of their positions.
SNAKEYBOY wrote: Will be very important to see if and how many Artis/Sandpiper/DAM sell into the tender (if they do at all). If its chump change no big deal. Artis may need the cash since they dont have the best balance sheet but would record an approximate 35% loss. DAM would be more important since its their entity and 55% discount to their new "nav"....
Cooper may flip the shares he exercised for quick profits