TSX:AX.PR.E - Post by User
Comment by
babybunnyon Nov 03, 2023 4:50pm
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Post# 35716610
RE:RE:Earnings
RE:RE:Earnings I am still befuddled as to why all the other parties to the Cominar transaction allowed Koch to grab ~ ~$500M in preferred shares (5/6 of the total) compounding at 18%. I cannot be sure this is what happened, as Artis refuses to divulge the IRIS financial structure, but this is what all the evidence seems to point to imo.
That being said, at least we hold a 1/6 interest through our preferred shares, half of what we ought to. It looks as though all the other suckers that sank money into IRIS are being wiped out by the preferred share tsunami right before our eyes.
Just my conjecture and opinions, as always.
Baby Bunny