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

Buzz on the Bullboards: Bombardier, world woes, a smart fridge, and top shelf weed

[HRc60to65]

If Welch brothers have wrongly evaluated the sot assets, it can be possible to take action to get back some millions $. Up to now no proof of wrong doing

[MARKOPOLIS]

although the Welch brothers may have issues for past financials ie NAV values etc 

[Jonathon Brown]

A highlight of the week was Bombardier (TSX:BBD), which reported impressive growth in its Q3 2024 results. read article.

[Tree2tree]

Markopolis I give you credit for exposing over a long period how disastrous the Leech Bros - sorry I mean Welch Bros management was for SOT.  I hope you are in a position to make some money back

[pennydredful]

welcome  back  Markopolis   .  I  thot  the  Welch  Bros.  must  have had  a restaining   order  on you !

[rad10]

obviously posters like T2T and HR know considerably more about the value of the underlying assets compared to the Welch brothers though. What would team Welch know about these assets anyway......

[rad10]

The fog of war is slowly lifting.  Armoyan is driving the bus now.  I thought there was an outside possibility of team Welch bidding for the REIT and taking it private.

[MARKOPOLIS]

Slate Office REIT reported a $182-million net loss in Q3 of 2024, mainly due to a $174-million fair value loss on its assets which was recorded in the quarter. The trust has divested about $103

[TVR]

Pretty sure the referenced "new strategic direction" does not involve conversion of office buildings to residential for the simple reason the REIT does not have the financial resources to

[divime1]

 this means ?  " it has become clear that a successful turnaround requires a new strategic direction. " Does it mean they will convert some office buildings to apartments ? The

[TVR]

While SOT.UN has significant financial issues that have to be addressed I was not aware of any information to suggest any of the mortgages were in arrears.  As far as I know the debt covenant

[Tree2tree]

I think a "power of sale" normally has to be made public so anybody can bid on it and get the highest price.  More likely, mortgage holders may be applying pressure on SOT in different

[pennydredful]

It could  be  that  the mortgage  holders  sold  the property  acting  under  a   "power  of  sale"   re  the

[Tree2tree]

Of course we don't know what's happening behind the scenes, but this sounds like a company that is ready for a turnaround, not bankruptcy.

[divime1]

Slate Office REIT Announces Changes to Board of Trustees Canada NewsWire TORONTO, Nov. 18, 2024 TORONTO,@Nov. 18, 2024@/CNW/ - Slate Office REIT (TSX: SOT.UN) (the @REIT@), an owner and operator

[Tree2tree]

My understanding:   - A buyout of the company as a whole (leaving debentures intact) would only require a vote of common shareholders.   - A highly dilutive financing by issuing new common