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

A New Year...

[pennylane101]

New name, new management.  Thoughts on what the next steps might be?   The company has already completed $103 million in dispositions.  The default was for $158 million.

[Tree2tree]

There could be more dispositions, but I don't think dispositions alone will fix the ratios and allow interest payments on the debentures to resume.  I am still expecting equity financing.

[HRc60to65]

At CDBN (Courtage Direct Banque Nationale) the transition to the new debentures symbols (RPR.DB, RPR.DB.A and RPR.DB.B) are not done on the account. The marging is now fixed at 0% for SOT.DB, SOT.DB.A and SOT.DB.B. That is a problem.  The minimum marging of 245 000$ is now 0$, with the lower bid (30$) In your account do you get a marging on the debentures RPR.DB, RPR.DB.A and RPR.DB.B

[Northforce13]

Disnat = same System problem due to symbol transition, likely resolved within days I suppose a danger = they take a fresh look at these debentures and decide not to extend loan value on them.

[Tree2tree]

I always assumed that the debentures of a struggling company would not be marginable, so I never even tried to buy them on margin.  Maybe I should get prepared to scoop some if anybody is forced to sell due to a margin call.

[HRc60to65]

It is 245 000$ not available for day trading with other stocks.  At 3% per week it is 7 000$ of loss of revenu. I hope tuesday, debentures will be marginable at 50%.

[Northforce13]

" At 3% per week it is 7 000$ of loss of revenu" ...

[pennylane101]

Hey HR,  I don't have a margin account.  I chose not to have one due to the downside risk associated with buying on margin.  

[HRc60to65]

Day trading is almost a full time job.  It is revenu, not capital gain. Trading 20 000 shares to 70 000 shares every days with a 0.01$ to 0.10$ profit per share or a loss up to 0.30$ per share.  90% of the trades are positives.  Somethime I have to hold few days but in general buy and sell the same day. They call us pennie flippers