Sir Royalty Income Fund SIRZF

Primary Symbol: T.SRV.UN

Consumer Cyclical Restaurants

SIR Royalty Income Fund (the Fund) holds investment in SIR Corp (SIR). The Funds' investment, SIR is engaged in the business of owning and operating full-service restaurants in Canada. SIR has concept restaurant brands, including Jack Astor’s Bar and Grill, Scaddabush Italian Kitchen & Bar, and Canyon Creek Chop House, signature restaurant brands, such as Reds Wine Tavern, Reds Midtown Tavern, Reds Square One, and The Loose Moose, which are used by SIR under a license agreement with SIR Royalty Limited Partnership (the Partnership. The Fund receives distribution income from its investment in the Partnership and interest income from the SIR Loan. The Fund indirectly participates in the revenues generated under the License and Royalty Agreement through its Investment in the Partnership.

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Sir Royalty Income Fund > And Janes responds....

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Comment by flamingogoldon Jun 04, 2021 4:39pm

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Post# 33333080

RE:RE:And Janes responds....

My vote is still with Mr. Janes, maybe moreso now. Hard for me to get past the secret launch of Renegade out of Jacks kitchens with no planned residuals for the Fund, then the lowball $3.55 bid, and now the stacking of the board to essentially silence Janes? Not exactly a great track record. Mr. Janes' board proposal is fair, but certainly not what SIR is attempting to do.

Let's face it, without Mr. Janes activism, we wouldn't even be having this discussion because we shareholders would have been wiped out with huge losses. End of story.

BlueJay2020 wrote: This is getting uglier by the day! I wouldn't fancy being Sandra Levy trying to referee the boxing match if Lembit's proposal comes to fruition!

I like how he got the lowball Fowler offer in there - nice work.

I am still curious, though, as to how he plans to advance the two remaining objectives of the three he has stated.

Robsopinion wrote: Popcorn out,
blue proxy, gold proxy, he said, he said,
the soap box battle continues.