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

Units

[Northforce13]

SP has been going bonkers.  One would expect the opposite with the possible delisting date marching closer.

Shares have more upside than debs, if the company succeeds in property dispositions satisfying lenders or manages to refinance

Does someone(s) knows something we do not?

Perhaps some sharp analyst(s) have done field work and know more of property dispositions in the works.  Or perhaps on the refinancing of debt though this would obviously be more difficult to try to find out.

Intriguing

[Tree2tree]

I wouldn't call a few pennies uptick 'bonkers', but it is good to see it stirring.  You are right that common shares have more upside, so with increasing confidence that there will be no bankrutcy, there could indeed be dramatic moves.  And a move in the common shares should help the debentures too.  As stated previously, the longer SOT survives with no terrible news

[pennylane101]

Well, it looks like the shares are going bonkers.  I guess some investors didn't get the memo?

[Tree2tree]

Now you can call it slightly bonkers.  Celebrating the survival of SOT for another quarter, possibly a turning point.