Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
News Focus
Nextech3D.ai Announces First New Customer Win For its AI Powered Photography Studio (click to learn more)
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Alternate Symbol(s):  SLTTF | T.RPR.UN | T.RPR.DB.A | T.RPR.DB.B

Real Estate REIT - Diversified


TSX:RPR.DB - Post by User

Ravelin Properties REIT 9 00 Convertible Unsecured Subordinated Debentures Exp 28 Feb 2026 > Par for the course...
<< Previous
 Bullboard Posts
Next >>
User Avatar Image
(54)
•••
Comment by TVRon Dec 16, 2024 11:50am
120 Views
Post# 36364295

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Par for the course...

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Par for the course...The little guys in this situation are now the debenture holders.  The equity value in SOT.Un has already been destroyed (down from $5+ to 40c).  At current unit price the equity is down to only $32 million compared to the debentures + accrued interest at around $170 million. 

So far I jhave not seen evidence of any other large debenture holders other than Armoyan.  I don't think the Welches hold many debentures.  My guess is the debenture holders are a diverse group of largely smaller investments, with under $1 million and few if any over $20 million.  Armoyan's debenture holding is not large enough to give ihim any control in a rrstructured  REIT although he could en dup as the largest unitholder.  It is also nowhere near large enough for him to excercise much control over the debenture group.
<< Previous
 Bullboard Posts
Next >>
Dealroom for high-potential pre-IPO opportunities