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

TINY INSIDER BUYING ARMOYAN BUT

[MARKOPOLIS]

New ceo BRADY WELCH COULD NOT BOTHER

Filed 2023-05-06 12:03   Tx date 2023-05-05	$SOT  Slate Office REIT	Armoyan, Sime 3 - 10% Security Holder of Issuer Holder: Armco Alberta Inc. (Control or Direction)	Convertible Debentures 5.5% convertible debentures due 2026 10 - Acquisition or disposition in the public market	$  +$10,000 vol  $72.75 each	$1,414,000
Filed 2023-05-06 12:02   Tx date 2023-05-04	$SOT  Slate Office REIT	Armoyan, Sime 3 - 10% Security Holder of Issuer Holder: Armco Alberta Inc. (Control or Direction)	Convertible Debentures 5.5% convertible debentures due 2026 10 - Acquisition or disposition in the public market	$  +$57,000 vol  $73.00 each	$1,404,000
Filed 2023-05-06 12:01   Tx date 2023-05-04	$SOT  Slate Office REIT	Armoyan, Sime 3 - 10% Security Holder of Issuer Holder: Armco Alberta Inc. (Control or Direction)	Trust Units 10 - Acquisition or disposition in the public market	$43,400  +21,700 vol  $2.00 each	13,573,700

[NotDrake]

I don't know how these distressed situations generally work, but why would he be buying the units if as some are saying they are essentially wiped out?

[MARKOPOLIS]

He does t want the equity to be worthless he's down $36 million on equity  armoyan is the only one keeping afloat without him it's sub 1,50