Slate Office REIT 9 00 Convertible Unsecured Subordinated Debentures Exp 28 Feb 2026 T.SOT.DB

RE:RE:RE:RE:RE:RE:Can anyone shed any light on this

[Northforce13]

"I have seen companies sell off assets before in a way that showed no concern for the common shareholders."

Often controlled by directors that own little shares

"The fact that they are not dumping everything on the market suggests to me that the goal is still to preserve some amount of equity for the common shareholders."

They own a tremendous amount of shares, it is in their best interest

I'm glad they appear to be eeking out sales of properties slowly, presumably to try to get top dollar for what they can while stalling for time since interest rates are declining.

This type of situation can perpetuate for a very long time.  I've seen it go on for years in several public companies that were in far worse shape. Lenders are loathe to take possession of properties and most often apply pressure by increasing interest rates on loans, charging fees and penalties, etc to make the borrower's life miserable and motivate the borrower to fix the problem.