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

Slate Office and GA Options

[toddkaz]

Slate Office and specifically George Armoyan have a few options if people are willing to discuss

1. Bankruptcy - I don't see this as an option for GA but it is for Slate Office.  George Armoyan would lose millions

2.  Dilution - I also don't see this as an option as GA would lose millions

3. Taking Private - I see this as a viable option as its one of the only ways GA can save his investment

4. Profitability - This one completely depends on getting tenants into empty buildings or selling empty buildings which isn't easy.

For me I think 1 and 2 are off the table for GA but is always a possibility if it means keeping Slate Office from bankruptcy.

I can't see GA wanting to lose his investment so his options are very limited.  What are people's thoughts?

[pennylane101]

I can't see Armoyan taking the company private unless the deal is favourable to all unit holders especially the Welch Bros.   They hold a sizeable share of the units outstanding  and they have already stated that they want to focus on REITs that are not office focused.  I can't see them happily handing over a company which they founded  to Armoyan.  This

[pennylane101]

Converting the debentures to units would also not be favourable to Armoyan because his shares would be virtually worthless and he would lose his sizeable interest in the company.  If he or other investors inject money into the company, maybe preferred shares could be issued in exchange?  Is this even possible with a Reit? I don't know.  Probably the best course of action for

[toddkaz]

Its already been handed over to GA.  

[pennylane101]

When was the company handed over to Armoyan?   Has Armoyan already taken the company private?  Sorry, I didn't get the memo.  Last I heard, Armoyan owned roughly 20% of the units,  15% of the units are held by the Welch Bros and the other 65% scattered throughout.  Armoyan is on an elected board.

[Tree2tree]

Ignore the noise.  We are in waiting mode.  Several factors are leaning to positive.