Melcor Real Estate Investment Trust 5 1 Convertible Unsecured Subordinated Debentures T.MR.UN

RE:RE:RE:RE:Firm Capital - "take under"

[CarlM20]

Good point. MRD cannot vote on their own offer but will vote on any competing offers by others. And decline it. They do not have to match. That happens on take overs when biding escalation do not involve  a majority owner.  A good , but risky way to force MRD to sweetened its offer would be:  Telsec + FC join in a "substancial bid" for only the stake they are missing to get 51% of the minority interest (something like 2,5M shares) and block forever MRD any take over attemps. Until a fair price is negociated, otherwise REIT will go on and resume distributions. Just to anounce such joint bid would provoke an MRD reply with something better for us, you, me. Good story unfolding here, we shall see.