Melcor Real Estate Investment Trust 5 1 Convertible Unsecured Subordinated Debentures T.MR.UN

Firm Capital. A more accurate name would be "Farce" Capital

[Northforce13]

"A take-out price at 95% of IFRS NAV is $7.69 per Trust Unit, or approximately $100 million for minority holders.  This would be a successful outcome for both the Melcor Parent and long-suffering minority unitholders. Anything less than this would be an oppressive action to minority unitholders."

Anyone with a functioning brain cell and a bit of awareness would agree that these guys are ridiculously unrealistic.

Melcor should write them back, offer to sell at 7.69 and that "This would be a successful outcome for both the Melcor Parent and long-suffering minority unitholders."

Boy how ridiculous.  I can understand why they aren't getting responses from Melcor.  

[UltraTired]

What's your issue? That something being traded at $2.60 be bought back by the company at $7.69 and be taken private? 

[Northforce13]

"What's your issue? That something being traded at $2.60 be bought back by the company at $7.69 and be taken private? " Distain/disgust for stupidity.  The letter sent by Firm evokes that feeling.  Your asking the question means you do not understand.  My respectful apologies, but I do not have the patience to write a long explanation to explain to you more