Lanesborough Real Estate Investment Trust V.LRT.UN

RE:RE:RE:Share count update at 680 Million

[quicksilver545]

Not sure I follow given the lack of punctuation, but will try...

This stock suffers from a lack of liquidity. Consolidating shares is unlikely to suddenly bring in a bunch of new buyers. But to some extent, yes, allowing for the stock to fall will always provide for more volume.

I'd argue the volume is holding up the price better than before the debentures were redeemed. We've had 30 million units change hands, which is far more, dollar-wise, than has been traded in the past 5 years total for the units. Impressive given the massive dilution of existing holders.

Anyways, I will be voting against management until they give me a reason to have confidence in them. It is not "suicide" to vote against a management team that has consistently shown no regard for shareholder value. Rejecting the trustees we can in favour of someone who balances unit shareholders interests I think would be a net positive.

Not sure why shareholder activism is such a bad word in Canada and the TSX. In the US, it is very common to have proxy fights and shareholders are much more willing to hold management to account. About time we here in Canada start fighting for our rights as shareholders.. it is not suicide.


I also want an audit of the debenture vote. No one else finds it curious that on the 4th try they pass it, and yet there is information on the vote breakdown? Very suspicious to me..