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Bullboard - Stock Discussion Forum Slate Office REIT 9 00 Convertible Unsecured Subordinated Debentures Exp 28 Feb 2026 T.SOT.DB

Alternate Symbol(s):  SLTTF | T.SOT.UN | T.SOT.DB.A | T.SOT.DB.B

Slate Office REIT (the REIT) is a Canada-based global owner and operator of workplace real estate. The REIT is an unincorporated, open-ended real estate investment trust. The REIT owns interests in and operates a portfolio of real estate assets in North America and Europe. The REIT's portfolio is primarily comprised of government and credit tenants. The REIT's portfolio consists of... see more

TSX:SOT.DB - Post Discussion

Slate Office REIT 9 00 Convertible Unsecured Subordinated Debentures Exp 28 Feb 2026 > Are you kidding me? Did you read this press release
View:
Post by MARKOPOLIS on Dec 22, 2020 12:28pm

Are you kidding me? Did you read this press release

They are again telling investors they will not buy back shares at less than 50% NAV instead they will acquire more garbage properties they cannot lease but they can't charge outrageous fees for acquisitions and management 

they are telling us their balance sheet is ok for more acquisitions but not for buybacks this stock will be less than $4 in short order 

Tom has been a highly valuable member of the REIT’s Board since becoming a trustee in 2017,” said Blair Welch, Founding Partner of Slate Asset Management. “We look forward to Tom’s leadership in his new role as Chair of Slate Office REIT as we continue to advance the REIT’s strategic objectives including the pursuit of office acquisitions in the greater Toronto area and the United States as well as exploring opportunities in Europe.”
Comment by RetiredCEO on Dec 22, 2020 2:07pm
This post has been removed in accordance with Community Policy
Comment by MARKOPOLIS on Dec 22, 2020 5:26pm
I'm wouldn't put it passed them to take major write down on NAV let's say 30% and all of a sudden they have bridged gap and now let's raise capital  I'm sure we are all familiar with their shananigans by now    Inexperienced CFO CEO can't run a a two car parade incompetent pure destruction of the reit  Just tell management your happy with ceo ...more  
Comment by Malpeque2 on Dec 24, 2020 2:14pm
Markopolis: I read all your recent posts.   Your criticisms are on the Mark.   No pun intended.  I have a bunch of shares here that will NOT be voting for this current Trustee slate at Slate unless there are substantial changes to our "strategic" direction. This Blair Welch dude with his statement about BUYING assets in Toronto and Europe wants to act like he ...more  
Comment by MARKOPOLIS on Dec 24, 2020 2:52pm
I'm so glad you are in agreement  there is no reason why shareholders should accept this absolute nonsense of poor performance  I will be disclosing more information after next earnings and into next AGM  it's time shareholders were acknowledged and respected I for one will not accept incompetence we are not discovering nuclear fusion here  Thise that agree please ...more  
Comment by MTLfinecity on Dec 29, 2020 11:03am
Hi,  In all fairness, Slate asset management has strong presence in Europe (one ot the Welch brothers actually lives there).  If the market is efficient in North America, why not look elsewhere?  Pandemic brings its own unique set of opportunities. Buy low sell high. Good luck. 
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