TSX:NRR.UN - Post by User
Comment by
DanielDardenon Jun 20, 2024 4:29pm
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Post# 36098774
RE:Daniel Drimmer seems to be very
RE:Daniel Drimmer seems to be veryJosephM1 wrote:
comfortable, or in the know. Since beginning of June he went from holding 0 sharess to 46 thousand shares as of yesterday. As the Chairman of the board, massive sign of the future and heading back to the NAV of 26 per unit.
That should not surprise anybody as he was the promoter of the New REIT. Kingsett, Aimco, and Timbercreek were likely promised support in exchange for their significant investments. The alternative to support is continuing to write down their investments from $26. Starlight et al are certainly aware that their auditors would be aware of the trading value of the listed units which would impact their respective balance sheets. Support will likely continue until a more reasonable valuation is attained. The mystery is why support was not provided sooner (last year @ <$10).