TSX:BPO.PR.A - Post by User
Post by
CrazyTraderon Mar 26, 2024 3:37pm
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Post# 35953790
BN controls 100% of BPY. BPY made the Guarantee, not
BN controls 100% of BPY. BPY made the Guarantee, notBN. But BN NOW controls 100% of BPY. BN call the shots now.
BPY common shareholders own BPY, BPY made the Guarantee on behalve of the Common Shareholders. BPY is the Common Shareholders. BN bought all the BPY common shares. They belong to BN now.
My guess, just a guess, good chance BN is liable for the Guarantee. Just a guess.
Even I'm wrong....... The Guarantee is a "Continuing Guarantee". I don't know if that "continuing Guarantee" would hold up in court, but it's there.... it does make me feel better.
All just my opinion/view/thinking