Alaris Royalty Corp ALARF

Sandbox

[maypeters]

Still no color from management as to why they were forced to accept this low offer. Getting 30 cents on the dollar looks like desperation to get rid of the asset more than anything else. 

Sandbox did not seem to have a lot of issues. 

Not good. 

[nedstar71]

I'd expect some info tonight in the report or tomorrow in the conference call. Why this issue bothers me is in a recent conference call if I recall correctly when answering a question one of them used the Sandbox situation to illustrate how they altered their style and now move in faster to rectify problem files and as a result will be getting out of Sandbox at close to par. Apparently they

[TickerTwit]

I imagine, as a minority (and preferred) shareholder, AD has little say about the sale if a majority voted in favour of it... unless the royalty agreement has a specific defence built in against undervalued buyouts. Should be an interesting call tomorrow. .

[maypeters]

You would think that they do especially after helping them out for buying out the other senior lenders.  In theory - it would be possible that the owners can sell the companies for pennies on the dollar to a friend at arms length and get it back later on if AD has no say in it. 

[Capharnaum]

The handling of the sandbox investment is a disaster. Imo they didn't want to drag it like they have with other bad investments so they accepted a lowball offer to get rid of it. I'm concerned by the quick valuation changes.

[maypeters]

Almost looks like the co-founders of Sandbox committed fraud. To get $5M on a $40M investment back is just getting rid of the business instead of putting in more to sustain. Oh well - it is more than what Sears Home gave who ate up all the money without paying AD even one distribution.  ------------------------------------------------------- On a cost of US$40 million and