Daniel Foch

speaker

1,195 appearances 3 recordings 1 series first heard May 2026 last heard 8 Jun

Daniel Foch’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 3 in all, peaking in May 2026 with 2.

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The Canadian Investor · Real Estate M&A, Sticky Inflation, and Canada’s $25B Gamble · 2 May 2026 podcast

I think they're trading around $11 per share if I remember correctly when I checked a bit earlier today.

So yeah, $11.01, so almost smack on $11 per share.

So shareholders will be able to choose between $13.80 in cash or 5.15 shares of the new entity, RealRemax Group.

Now,

There's a caveat to that, and that's the reason why the share prices are actually much lower than 13 and 80, because REMAX shareholders will actually receive between 60 and 80 million in cash from the transaction.

So you can just look at the total value of the transaction, what the market cap is currently for REMAX, which I think it's in the

300, 400 million, something like that, maybe a bit more, the market cap right now.

So there's a little discrepancy between that 80 million and the 300, 400 million.

So the remainder of that would be with new shares of the new entity.

So what's going to happen is even if a lot of shareholders end up opting for the cash,

well it's going to be prorated so they'll get a little bit of cash and shares so essentially what you're seeing right now is the share price of remax kind of reflecting what the real share price is and you have real stock that

took what a 20 haircut or so since it's been announced so i'll just share my screen here i do have this for people to see so you can see here so this is just the last month it's looking at the drawdown so essentially the peak in the last month how much it's down you can see the big drop here so let's just say it's down about 20 or so since it's been announced so the remax shares are essentially reflecting that because so much of the deal will be tied to

Real shares are real, remaxed, a new entity, whatever it's going to be called.

So it's going to be tied to that.

And the reason it dropped so much is also part of that deal because it's capped at $80 million in cash.

So how are they going to get all the other shares?

There's going to be a whole lot of dilution.

So what you're seeing in terms of the price is the market factoring in a whole lot of dilution that will happen for existing real shareholders.

So that's in a nutshell why it may look like you could arbitrage it, but at the end of the day, it might not really be an arbitrage.

It's probably just a more reflection where the shares are trading right now.

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