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

RE:RE:RE:RE:RE:Slate Office

[rad10]

HRc60to65 wrote: Robert Armstrong, Interim Chief Financial Officer Relative to IFRS, the sales are decently inside, probably on average 30%, 40%, below just given where the market is. I think some of those decisions we made and the Board made in order to dispose of those are for realizing proceeds to repay debt, which we have done.
As part of your first question, as it relates to debt, all the net proceeds have been used to repay debt from those sales.

Sairam Srinivas, Cormark Securities Would you say it is 30% to 40% of the IFRS value?

Robert Armstrong, Interim Chief Financial Officer In some cases, 30% below is a good number.

exactly - it's word salad.  "In some cases 30% is a good number". I did not hear the "below" as typed in the transcript. 

Does this imply the majority of sales are greater than 30% discount, or are some sales occurring at a 70% discount?  I don't know - and respectfully nor do you.

The lack of commentary thereafter isn't at all troubling........  lol.

Some spectacularly naive individuals on this BB.