Post by
mangoe on Nov 25, 2016 4:07pm
Dilute us
Then roll back our shares for a cheap take over bid by various insiders.
Comment by
russter on Nov 29, 2016 1:31pm
To buy or not to buy that is the question, Is tph going to be owned by Moregaurd by dikin us out of our buyot profit by driving our shares to pennies by stupid moves like this?
Comment by
ValueWins on Nov 29, 2016 7:48pm
This post has been removed in accordance with Community Policy
Comment by
russter on Nov 30, 2016 12:09pm
I'm not a lawyer so i don't know, but I doo know there was a better way to handle fund raising...sell a hotel or two that's at the bottom of the revenue stream. Some hotel chain would buy them. Moreguard perhaps?
Comment by
DanielDarden123 on Dec 01, 2016 12:28pm
If the hotels were mortgage free, selling would yield cash to pay the deb holders. Unfortunately, they are not so the debs would remain. Dilution is the only option to reduce the massive debt load. Equity/sh will drop accordingly which makes the future murky at best. Even more bothersome if all the rights are not exercised. Good luck.
Comment by
robbie80 on Dec 01, 2016 5:26pm
If all shareholders exericise their rights, there will be no dilution. Morguard and Burgundy still controls 55%. If half of retail shareholders exericise rights, total shares of Morguard and Burgundy will be increased to 66%. If none of retail shareholders exericise rights, Morguard and Burgundy will pay $40M to purchase all these shares and give them total to 75%.
Comment by
mnztr on Dec 16, 2016 6:53pm
Hmmm as a sharholder I just this as dead money and I will not throw more good money after bad. I wonder what is in it to buy more of this toilet paper.
Comment by
mediainvestor on Dec 04, 2016 1:31am
Technically, the market would have more shares BUT, the enterprise value is the same. You have much less debt. so more cash for shareholders. This is 'value' dividend play or investment. It's basically and real estate 'income trust.'