Clean the Slate website is down at the moment, probably because of the broken SSL certificate.
Let’s hope it will be up again; otherwise, it looks suspicious.
Luckily, I have saved their presentation… twice. π
And funny enough, these two versions are slightly different.
Old version: SOT Presentation
New version: SOT Presentation (11-29-2022)
The differences are:
- Page 6 has some modifications;
- Page 8(old), “When the Dust Settled⦔, was removed;
- Pages 22(old) / 21(new) has some differences;
- Page 34(old) / 33(new), “Our Strategic Plan”, was changed;
- Page 39(old), “Fishery Products International Ltd.”, was removed;
Am I too paranoid checking all these small details? π
My wild guess, since the website is still down:
Slate Office REIT Appoints George Armoyan and Jean-Charles Angers to Its Board of Trustees, G2S2 Capital Inc. Withdraws Requisition for Special Meeting of Unitholders
Well, here is the answer, Armoyan made a deal with Slate Office REIT management. π
I was hoping for a complete Board change, but…
Let’s see what’s going to happen next.
It looks like SOT.UN stock movement (down, down, and down π ) is pricing a distribution cut.
I would gladly accept a 100% cut with management fees being cut as well for at least a year just to aggressively pay down the debt.
If they can improve both occupation and revenue at the same time, Slate Office REIT will be fixed. At least partially, external management and a useless board are still a problem.