Ravelin Properties REIT 9 00 Convertible Unsecured Subordinated Debentures Exp 28 Feb 2026 T.RPR.DB

News Release...

[pennylane101]

Very positive news!   Hopefully the deb holders will see an interest payment on Dec 31 and the stock will stay listed on the TSX.

[Tree2tree]

I'm not too worried about the listing, but I wouldn't expect the dividend to resume so soon.  Patience is needed for a major restructuring/refinancing, and we want them to do it right.

[TVR]

Amazed the unit price went up 50% today on fairly high volume, presumably a response to the Dec 24 press release which really announced nothing significant.  Name change is irrelevant, other than removing any stigma of being associated with Slate, and the 3 month acceleration in internalising management  does nothing to change the financial poisition.  December 31 debenture interest

[HRc60to65]

Last June, SOT management said SOT is having the cash to paid the debenture interest.   The interest debt for the debenture is offset by the same amount of cash (theory). It is possible SOT has used that cash to reduce banks loans.

[HRc60to65]

I will be very surprised and happy if SOT is payying interest on the debentures.  It is more than 116 000$ in interest for my debentures holding

[Tree2tree]

HR when they do pay the interest, you can buy champagne for this board and I will buy the beer.

[HRc60to65]

Good Idea, when they do pay the interest we can drink champagne or/and beer.

[Tree2tree]

The 3 month acceleration is very significant, because it means the new management can carry out its game plan sooner.