Post by
Predator2018 on Nov 07, 2024 1:00pm
InvestSmarter Keeps Pumping this Risky Stock
Be honest and more transparent so that non sophisticated investors wont lose money on a sinking ship.
This is a high risk sinking ship. The risk of not being able to stabilize the condos to generate more than $30 million for just annual interest payments on debts & EAI obligations is high.
MPCT wil continue to selloff cashflow assets to pay debt and debenture interest until stabilization.
Comment by
CANCDN on Nov 07, 2024 2:14pm
Umm... just an FYI, MPCT pays no interest OR principle payments on ACLP CMHC loans until 12 months AFTER they are stabilized. The interest carry costs during construction to 12 months post stabilization is added to the principal..... Condo builds do require variable rate plus loans and are required to service interest costs, but they are capitalized as part of the project.
Comment by
CANCDN on Nov 07, 2024 2:16pm
This is in additions to almsot no equity requried as the land value is included as part of the small equity infusion required by CMHC. you also previously complained about high debt..... that's the entire play here... high leverage, non recourse, low cost CMHC loans over 50-55 yrs which will generate a great amount of cash flow....
Comment by
EstevanOutsider on Nov 08, 2024 3:38pm
ended the day 7500 units, thanks for the posts. will be spending more time on this over the weekend doing my own research. have been invested in unlimited most of the year so familiar with some of it.
Comment by
EstevanOutsider on Nov 08, 2024 9:35pm
Any idea how much they can raise from their Capital View Lands in Ottawa? I find that opportunity exciting as well, along with 49 Ontario Partnerships.... Dream Impact has a number of near-term catalysts potentially. I should probably add more...