TSX:SOT.DB - Post by User
Comment by
HRc60to65on Oct 06, 2024 8:40am
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Post# 36254961
RE:RE:SOT
RE:RE:SOTThe way SLAM was managing SOT assets was destroying SOT value.
The first obligation of the managing firm is to prevent any debt convenants default.
GA can be a back stop for right offering, buying all units not take by actual unit holders.
GA can also buy SOT with an other REIT.
Buying all units not hold by GA, it 60M$ at 1$ per unit and 120M$ at 2$ per unit. GA is needing a other 200M$ to reduced SOT assets debts or new collaterals
I do not think a buyout offer at more than 2$ per units, it is 50% of the book value (4$ per unit)