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Bullboard - Stock Discussion Forum
Ravelin Properties REIT 9 00 Convertible Unsecured Subordinated Debentures Exp 28 Feb 2026
T.RPR.DB
Alternate Symbol(s):
SLTTF
|
T.RPR.UN
|
T.RPR.DB.A
|
T.RPR.DB.B
Real Estate
REIT - Diversified
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TSX:RPR.DB - Post Discussion
Ravelin Properties REIT 9 00 Convertible Unsecured Subordinated Debentures Exp 28 Feb 2026
> wow looks like Armoyan told globe mail what I have been post
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•••
MARKOPOLIS
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Post by
MARKOPOLIS
on Jul 26, 2024 8:14am
wow looks like Armoyan told globe mail what I have been post
all these years
(30)
•••
pennylane101
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Comment by
pennylane101
on Jul 26, 2024 8:55am
Hey Markopolis, DId you bother reading the article? To me it looks like Armoyan is more concerned with furthering his own interests rather than being the "activist" investor championing the underdog. I'm sure some laws are being broken here. But you know what? He only holds 20% of the units, 60% of unit holders are not insiders and he and his buddies can be booted
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(48)
•••
MARKOPOLIS
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Comment by
MARKOPOLIS
on Jul 26, 2024 9:18am
Well if his interests are to increase value of debt and shares then I would say that falls inline with all shareholders interests
(30)
•••
pennylane101
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Comment by
pennylane101
on Jul 26, 2024 9:40am
On the contrary, since he's been on the board the stock has plummeted to penny stock status. Meanwhile, he is trying to extort concessions from the board and threatening to bankrupt the company. I don't see how this aligns with the interests of unit holders, do you? Mr. Armoyan’s G2S2 has not yet provided a letter of credit to backstop the tenant obligations. They say he has
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(54)
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TVR
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Comment by
TVR
on Jul 26, 2024 11:04am
At this point Armoyan is substantially underwater on his investment in shares and debentures of SOT.UN and what is in his interest is likely in the interest of other shareholders. Best outcome is probably for Armoyan to get control through a buyout. He will fare better than the rest of us, but is the only likely possibility for common shareholders to see any recovery on their shares
...more
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