Parent Capital Corp PTSRF

Doomed

[Aln800]

Just 10 months ago Domenico was being praised for this REITs transformation. Turns out, they were so financially screwed they had no choice but to sell off what they could to help salvage their debt. I'd be curious to know just how much was wasted externalizing then internalizing etc. I've never watched a reit flip flop so quickly from one side to the next on every single management decision. It's been like watching a fish out of water. This was poorly managed from the get go. And the payments made to the leasing brokerages, lawyers, etc....you think they all walked away from this poorer? They've all had their hands out and been well fed off from this trough. No wonder it's empty now. https://renx.ca/ceo-domenico-creates-completely-different-partners-reit/

[wheeloffortune]

You don't know what you're talking about.  3/4 of stock is owned by insiders.  Why would they screw themselves?  The 97% occupancy rate from the latest financials is amazing.  Not many REITS can do that.  Your article suggests the opposite of what you are claiming, ex., "At the same time, the REIT underwent a reorganization of all divisions and corporate

[Aln800]

The financials in the first quarter of 2019 sure will look different considering they have only a handful of properties left. And now that all of the friends they had hired made their money and moved on once they almost bankrupted the REIT, it will be interesting to see who can retire after this ship sails. The payout to external management and leasing companies alone was in the millions. Their

[Aln800]

You still think it's all roses and rainbows there sweetheart? Or did this give you a reality check? You can't pump up stock that have 0 life left in them. Believe me, if Jane thought there was money to be made she would have stayed. It's been bled dry and she's moving on to suck the life out of another company with the same blinders on as you have.

[Sunnyboy]

The class action lawsuit was settled out of court but maybe she will finally be criminally charged so the board send her packing?

[alkhor]

    She was not a defendant in the class action suit, so that is not the reason. The settlement will be for anyone owning units as of April 14, 2014 and who submitted a claim. I have not heard anything about when the payout will be made but it should be fairly simple calculation, divide the $4,950,000 by the number of shares submitted for claim. The should be verifying all claims