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Lanesborough Real Estate Investment Trust V.LRT.UN

Lanesborough Real Estate Investment Trust (The Trust) is a Canada-based closed-end real estate investment trust. The investment properties of the Trust operate through three segments: Fort McMurray Properties, Other Investment Properties, and Held for Sale and/or Sold Properties. Its Fort McMurray Properties include 10 properties. Its Other Investment Properties includes three properties. It’s Held for Sale and/or Sold Properties includes four properties. The Trust's property portfolio consists of 13 rental properties, encompassing 12 multi-unit residential properties, including the unsold condominium units at Lakewood Townhomes.


TSXV:LRT.UN - Post by User

Comment by quicksilver545on Oct 18, 2022 4:19pm
79 Views
Post# 35032313

RE:best decision we could have made

RE:best decision we could have made

I wouldn't call the situation we are in a win, Bob.

We haven't decreased in price because there's literally no way for us to go down in price. The minimum bid price is .005, and we haven't ever had an active bid/ask spread since the massive dilution from the debentures. The true price that the market supports is likely way less than the minimum bid price. 


we have zero liquidity essentially, as there are 25 million on the half penny ask, and almost no sales in several months. So ya, I don't think this is a win.

not sure where we go from here as management is crooked as anything, as evidenced by their refusal of our voting results, and with interest rates rising, real estate values depreciate.


Our only hope is a buyout offer, but management doesn't seem to have any interest in that or engaging with shareholders. So that leaves us with an untradeable stock and poor prospects for the future.

if anyone has a more optimistic take, I'd love to hear it though 

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