Dream Impact 5 50 Convertible Unsecured Subordinated Debentures T.MPCT.DB

Debt to Asset Ratio of 74% is too risky!

[eoim2]

To understand why many analysts warn about the high leverage level of MPCT  with debt to asset near 74% or more, you have to not look at the balance sheet but dig into debts in various Equity Accounted Investments. While these equity accounted debts may be non recourse upon default,  they still represent a major cashflow drag on this tiny company, paying almost $30 million in interest yearly which is triggerin.g the sell-off of most of their 100% owned commercial
properties.

I am not telling you not to buy it. Just informing you the debt information you will not see by just glancing through the balance sheet which I found misleading. Maybe this is how developers do it. For me, debt is debt and must all be reported and not magically reported as Net Asset when asset can be inflated.

[InvestSmarter]

Look at slide 80 in the link below. https://stockhouse.com/companies/bullboard?symbol=t.mpct.db&postid=36266982   The debt ratio on EAI is actually much lower than reported on EAI, as the book value is reported, not the adjusted value based on rezoning and other milestones reached. The the NAV will be adjusted upward over time as developments complete.   EAI is like MPCT

[Predator2018]

Debt is debt as long as you are paying interest on it. Yes being non recourse is better but debt is debt. Based on past Q2 data, here is the correct balace sheet information: Asset  incuding Equity Accounted INvestment = 1.69B Debt including Equity Accounted Debts = $1.3B Debt toAsset = 74.8% (TOO HIGH) At 3% interest rate, you are paying almost $30 million yearly on interest. Hopefully

[Predator2018]

Investsmart I have been in this business for mre than 30 years. I may be wrong but the data I am providing you are factual.  Now what you need to know that Debt & Liabilities in Balance sheet are the only real number, asset is speculation. So the current $1.3B liability is REAL. The estimated Asset value of $1.69B is subject to uncertainties. It can be lower or higher!

[DJ441c]

In 18 days  we  should have  hopefully a better handle on things when Q3 released

[InvestSmarter]

You are running Multiple Accounts to scare people, while liking your own posts.  You are a scammer trying to scare people for your benefit whether you are short or not. You just replied to my message to eoim2 as Predator2018. You are providing false information for your short position. Stop, or you will be reported. What you are doing is illegal. Predator2018 Predator123 eoim2

[eoim2]

Focus on addressing the facts instead of attacking or calling Scam. You are the scam. Do you know that there is a reason why this stock has lost more than 90% when compared to many?  The reason is called high leverage.  I like many was misled reading the balance sheet only, without paying attention to the masked massive loans under Equity Accounted Investments.  If you dont

[rodbhar]

Can you provide an argument for why these assets are worth less? Just pointing out that a development carries a lot of construction debt is like saying water is wet. All developments carry high short term debt while they are being built. That's just how the business works.