Ravelin Properties REIT 9 00 Convertible Unsecured Subordinated Debentures Exp 28 Feb 2026 T.RPR.DB.A

RE:RE:RE:RE:Now that Armoyan has control I will evaluate his performance

[Tree2tree]

HR, if SOT's assets are a bargain, then a competent entity can make an offer for the common shares and have them all.  Or they can provide capital in return for a large number of common shares and become the majority owner.  All with the debentures remaining intact.  But if the acquirer also buys some debentures from willing sellers, it might make it an even better bargain from them.  GA is in control, so I think he will come up with a plan that does not involve bankruptcy, so that he remains in control.