TSX:SOT.DB - Post by User
Comment by
rad10on Sep 18, 2024 9:43pm
87 Views
Post# 36230265
RE:RE:RE:RE:More good deeds from the external operator
RE:RE:RE:RE:More good deeds from the external operator
Tree2tree wrote:
Surprised that you two would take that bait from an obvious saboteur trying to create negative sentiment. A donation by Slate to charity has absolutely nothing to do with SOT. I know everybody hopes for positive news from day to day, but at the moment I take no news as good news. It suggests to me that all parties (debtors, creditors, management and minority group) are in agreement that the worst is past and SOT will be able to ride out the storm in one piece. Concretely, SOT will not be pressured to sell assets at a price that does not bring any benefit to SOT. (We will likely never know about the internal discussions in SOT, but possibly GA has been vetoing any cut-price asset sales until the offers come up to more favourable levels.)
The real news today is of course the .5% interest rate cut in the US. This will give strong support to the uptrend in the real estate sector.
lol how many US properties are there? There are only 3 (in Illinois). 0.5% cut was telegraphed well in advance.
virtue signalling is just obnoxious when you are defaulting on your own assets and you can't keep investors informed about ongoing property sales. They don't even have the decency to host to conference call.
The irony of defaulting on their "golden Towers" in Burnaby, and giving money away for charitable purposes is obviously lost on you.
Golden towers goes back to the lender, and golden showers all over you the investor......
https://storeys.com/slate-asset-management-burnaby-golden-towers-receivership/