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

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

[rad10]

BondManSlate wrote:

LOL, I couldn't disagree more! You're talking as if Armoyan can just wave a magic wand and do whatever he pleases. Why not go all the way, take a massive write-off, and boot out the secured holders too while he's at it? News flash: that's not how the real world works! Just take a look at his track record with Bonavista Energy— debt holders had the most by end of restructuring. I assume that 80% of the new company is going straight to the debtholders/debs. If he dares offer them anything less, they’ll reject the plan faster than you can say “liquidation,” and Armoyan will be left holding the bag.

Here’s the kicker: you can't just make up rules with lenders, especially not with debtholders. They're not optional—they have to sign off on any restructuring. Try to shortchange them, and they’ll call your bluff without breaking a sweat. Armoyan better tread carefully, or this whole thing’s going to blow up in his face

I love it when a "new poster" with a single issue handle steps in spewing nonsense.
 

I am well-versed in corporate restructuring of an upside down capital structure. The thing to watch out for is who is buying the secured debt and is that secured debt recourse to an individual building or the company.

I stated a few weeks ago that the fog of war starting to lift. The debenture holding of G2S2 is substantial.  This is good news.

CCAA is an option, an option driven by secured lenders.  Its likelihood is determined by who those secured lenders are and whether they want particular properties.