Slate Office REIT 9 00 Convertible Unsecured Subordinated Debentures Exp 28 Feb 2026 T.SOT.DB

2023 off to a Good but Cautious Start

[Detailoriented1]

Only a maximum of a few months until we have greater clarity if this goes all the way to the vote. I don't think it will though. Some concessions are more likely or a sale or partial sale or merger before we get to a vote that SLAM will lose. They don't want that and they don't want new trustees in place that expose the interesting way this has been run as it would cast a bad light on their other businesses. Somehow we get $5.50 or more soon for a nice return fornus and for Armoyan as well.   

One day we wake up to a market halt out of the blue and then a gap up.  When? Who knows, but it could be tomorrow or it could be as late as the special meeting which is only months away.

 

GLTA.

[SNAKEYBOY]

I don't doubt that it was set up as a legal ponsy scheme to erode value over time and make SLAM the big winners.  There 10% stake was likely calculated as a losing some in shareholder value but making it up in other ways....if they increased their stake gradually over time like 1-2% a year I may think differently

[Malpeque2]

When you see continuous dilutions year after year to purchase properties on the open market at Fair Market Value,   and issuing shares at well less than NAV,   and issuing debentures with conversion features at much much less than NAV,    and having the optics of buyback programs in place on a NCIB for 10% of the shares,   and the company buybacks are a