Temple Hotels TMPHF

Ownership cross pollination

[undervalue]

Holloway lodging's largest shareholder owns over 10 percent of Tph now.
No easy force out by Rai.

[ariesleaf]

Morguard owns 71.40% now. So what does that mean for Holloway lodging largest shareholders 10%.? With is T.CKI Clark INC. Or Master Trust.?

[undervalue]

It was bought by George Armoyan's hold co. G2S2 Virtually all of the minority holders did not excercise their rights. Morguard bought 21 of the 25 million issued. Armoyan, 850K. Armoyan held 4.5 million prior, so he just bought enough to get over the 10% level. Maybe he sold the other 3.6 million rights to one of his other holdings, and they bought.

[ariesleaf]

So if you are right 71.40% Morguard 10% Holloway and 10% Armoyan= total 91.40% Leaving Us or other share holders 8.60%. Stock Has been moving up today after this news. P.S What happens now a take over sale or Merge.? Holloway is over price and paying QD but also selling assets. Which I believe they just want to manage and not own propertys. Plus where do Clarke T. CKI fit into all of this.?

[undervalue]

I think you can assume Morguard 71, Armoyan 10.7, Other Armoyan 7.5 (maybe), Burgundy 4 (assuming they excercised). Leaving just under 7% in "retail" hands. David Nunn held 4% prior. The float is thin.

[HermannHaller]

You're double counting. Morguard owns 71% TPH, Armoyan owns another 10%. Armoyan, through CKI, is also the biggest shareholder in HLR. From a TPH shareholder perspective this means two things: two smart, experienced hotel investors just confirmed that TPH is good value at $1.75 With three companies involved, all with hotels in Canada, it seems there is potential for a business

[undervalue]

Morguard bought 21 of the 25 million available. G2S2 owned 4.5 million shares prior and would have that number of rights. They excercised 868k, leaving 3.6 million rights not excercised by G2S2. Burgundy and Mr. Nunn both held aprox 4% prior. If Armoyan did not flip the rights, he was diluted down from 18% to 10.7% I will leave it up to you, but I don't think it his style. The last TPH

[HermannHaller]

Armoyan keeps buying in the market, well above the rights' exercise price.

[MOJOJONO]

Basically, exercise the rights when the time comes and purchase below market price @ $1.50. Sweet deal if one wants to drop more cash into this company. That is assuming price doesn't crater. I will exercise though it won't be much.

[HermannHaller]

So Armoyan (Clarke) makes the first move, grabbing 100% of HLC. I still think MRC will end up with full ownership of HLC and TPH. MRC now owns 71% of TPH, and Armoyan has been a large and persistant buyer. Stay tuned. Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction Volume or