Morguard Real Estate Investment 5 25 convertible unsecured subordinated debentures T.MRT.DB.A

Short Interest

[WEBuffettisbest]

Still more than 2.3 million shares short as at Dec 15

[WEBuffettisbest]

Still more than 2.3 million shares short as of Dec 31

[Shirtlessnomore]

They are kinda stupid and in fact it's very odd, they had this all the way down to low $5's ??? I mean maybe it's just me but it sure felt like $5.08 or whatever was the bottom the way it wouldnt stay below $5.10 very long. The longer they keep it the more it costs them. They missed the best opportunity imo.

[slst]

Until the distribution is increased, short sellers can hedge their position by buying the debenture to offset.  The interest income covers the distribution and their worst case is the $7.80 conversion price.  Anyway, we need a catalyst....to get the shorts to close....and analysts see the value. Obviously short seller smell trouble.....UNLESS, the numbers being reported short is

[Malpeque2]

It's not odd that they refinance the debenture at a higher rate,  while mortgages were refinanced at a Lower rate. Morguard Corp controls Mogruard REIT.     They are the largest  shareholder here.   They have an overlapping BOD and Officers here.      Morguard held a large position in the MRT debenture that just matured.   They

[ManitobaCanuck]

Happy to join if you are planning to file

[slst]

They already got us....history shows, its never worth the trouble.  They will use company resources to support their choices. We can just hope that with their own money on the table, "most" future choices will benefit us. Their is Deep Deep value here.  If the Short info is true and correct, there is some serious upside waiting, as soon as something good happens. Good Luck

[WEBuffettisbest]

Short position has increased by 40k to 2,374,445