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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

Bullboard (TSX:SOT.DB)

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Comment by rad10on Dec 02, 2024 5:39am

RE:RE:RE:RE:RE:Now that Armoyan has control I will evaluate his performance

  GA is in control, and he will look after GA and G2S2. Try to align yourself with what he is doing, and you may come out ahead. A formal CCAA restructuring is one of several options ...more  
Comment by Tree2treeon Dec 01, 2024 12:39pm

RE:RE:RE:RE:Now that Armoyan has control I will evaluate his performance

HR, if SOT's assets are a bargain, then a competent entity can make an offer for the common shares and have them all.  Or they can provide capital in return for a large number of common ...more  
Comment by HRc60to65on Dec 01, 2024 11:47am

RE:RE:RE:RE:Now that Armoyan has control I will evaluate his performance

To compare         SOT Slate Office       Q3  -  ...more  
Comment by HRc60to65on Dec 01, 2024 11:24am

RE:RE:RE:Now that Armoyan has control I will evaluate his performance

You are surprised how well the unit price has been holding up.  It because the SOT assets are valued at a minimum of 80$ per sqft lower than normal market value (274$ per sqft).   ...more  
Comment by HRc60to65on Dec 01, 2024 11:13am

RE:RE:RE:Now that Armoyan has control I will evaluate his performance

In a restructuring in BK process all assets will be valued at fire sale.: All debentures (unsecured 158M$ + accrued interest) will be exchanged in new common shares.  If they are rejecting the ...more  
Comment by TVRon Dec 01, 2024 11:12am

RE:RE:Now that Armoyan has control I will evaluate his performance

Your suggestion Armoyan could provide DIP financing in a formal CCRA or bankruptcy proceeding seems like it could be one of the possibilities here.  However the suggestion that the secured debt ...more  
Comment by Tree2treeon Dec 01, 2024 8:57am

RE:RE:Now that Armoyan has control I will evaluate his performance

HR your analysis of the various stakes by square foot is interesting and useful.  I agree that GA wants to avoid sales that do not improve the company's position.  (The Welch bros would ...more  
Comment by HRc60to65on Dec 01, 2024 4:50am

RE:RE:Now that Armoyan has control I will evaluate his performance

The problem, it is the selling price per sqft (around 160$) is marginaly over the debt.  Most of the properties sold are just a bit over the debt on those properties.  The average selling ...more  
Comment by HRc60to65on Nov 30, 2024 11:50pm

RE:Now that Armoyan has control I will evaluate his performance

We are not knowing G. Armoyan intention. We are knowing he had sold for more than 150M$ of investments at profits. He had 100M$ invested in Slate Office reit. We are knowing the average ...more  
Comment by HRc60to65on Nov 29, 2024 1:20pm

RE:Units to debs

I am waiting the new.  I am buying all bond below 41$ Up to now 81 000 units and 1 110 000$ in debentures
Comment by HRc60to65on Nov 29, 2024 1:18pm

RE:RE:Units to debs

From Yahoo Finance bullboard Armoyan finished selling all his MRT debentures. I think he's ready to make his move on SOT. He's probably waiting for the tax selling season to conclude.  ...more  
Comment by rad10on Nov 29, 2024 4:58am

RE:Units to debs

  climbing higher up the capital food chain is always a good idea when a restructuring is looming. debentures are unsecured, so no real guarantees going forward. Difficult to know where the ...more  
Post by Northforce13on Nov 28, 2024 6:46pm

Units to debs

Migrated from units to debs during past couple weeks News of the restructuring is taking longer than expected
Comment by pennylane101on Nov 28, 2024 9:11am

RE:Ignoring dredful now

Thanks Tree.  It's pretty creepy when a total stranger pretends to know me and resorts to elementary school bully tactics for me to reveal my net worth.  What a joke!   We' ...more  
Comment by pennydredfulon Nov 27, 2024 4:16pm

RE:Ignoring dredful now

No value in "ITS" posts  -----from  a  Grade One   drop out   ----big   brother  of  Pennyless  
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