Bullboard - Stock Discussion Forum 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... see more

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

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Post by Robsopinion on Jun 04, 2021 1:34pm

And Janes responds....

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

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Comment by BlueJay2020 on Jun 04, 2021 2:31pm

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.

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Comment by flamingogold on Jun 04, 2021 4:39pm

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 ...more

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Comment by Robsopinion on Jun 04, 2021 4:55pm

Agree, agree, agree, disagree that we would have been wiped out. Do you really think enough unit holders back then would have taken the buyout price?

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Comment by flamingogold on Jun 04, 2021 5:15pm

Without Janes at our back, SIR may have sweetened the bid a bit to lure in more votes. Add in their gloomy language of the company's future and it is very possible they could have taken it over for close to half of what we're trading for now, which for many longs would have been at a loss.

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