TSXV:LRT.UN - Post by User
Post by
quicksilver545on Jul 20, 2022 2:05pm
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Post# 34837832
Response from Manitoba Securities
Response from Manitoba SecuritiesJust received a response. Essentially because they are a "venture issuer", there are no requirements that a venture issuer has to disclose the results of a vote. They "voluntarily" released the results of the consolidation, but were not required to do so.
As for the vote for the board, they are not required to disclose these results, even though they have every other vote, only because they received majority support.
So I suspect they are just not going to publish the results because the majority of unitholders withdrew support from the board. Yet the same board will operate without modification or resignation, even though the majority of unitholders want them gone.
What a complete farce... Honestly the venture is a joke.