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

Can anyone articulate how this plays out

[SNAKEYBOY]

Most likely scenario, not all the possible ones.  And the timeline?

[pennydredful]

Say  Snakey you said  you  sold  out  awhile ago   so  why are you still  here  ?  and   trying  to  bend peoples  minds ?

[pennydredful]

In   1965  Wayne Montana and the  MINDBENDERS ( an English Group)  had a  #1   song   Game of Love. 

[SNAKEYBOY]

I still have 120k.  Dumped a bit at $4.70 and bought it back at $4.35

[pennydredful]

.  The bond  extension will  pass.  After   some   spinning  wheels legal  wrangling  SLAM and GA  will  reach  an agreement   whereby    certain   SOT   assets   are   "sold"  to GA  in  exchange  for  his SOT position   and

[rad10]

  nope - it's personal. He wants humiliation.  Also how does he unload his bonds in your scenario

[pennydredful]

Part   of the consideration for the properties  he  receives  ( likely the  Maritime  properties and possibly more)   will  be  his bonds  and units   .  From   SOT.un   point of view  these bonds  and  units  will be cancelled .  Yes could  be personal  with desired

[SNAKEYBOY]

G.A buying properties from SOT wouldn't be good for SOT.  They'd get the cash and then just buy more properties and thus increase their fees.   Probably wont start a NCIB or pay down debt, cause they can do that now if they wanted.   Armoyane must win and sell the REIT for $6.00!

[pennydredful]

I  imagine GA  is out for his own  interests  as is SLAM  not fot  SOT unit holders.  We are just an annoyance that needs to be addressed 

[MARKOPOLIS]

Well being he's the largest shareholders by a mile  unitholders and his interests cross shorts would love for him to liquidate slam is. Not buying him out at any premium