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Bullboard - Stock Discussion Forum 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... see more

TSXV:LRT.UN - Post Discussion

Lanesborough Real Estate Investment Trust > Closing on February 15th????
View:
Post by alkhor on Feb 17, 2022 1:27pm

Closing on February 15th????

Trust the management to even screw this up. The debentures are still trading so the actual closing cannot happen until next week.
Comment by quicksilver545 on Feb 17, 2022 1:56pm
Debentures are not still trading, they are halted. They are still listed, but you cannot buy them. As per the press release, they will be delisted following completion of the exchange transaction. Hoping for a press release soon regarding the exchange transaction. We have some minor activity on the trust units. Holding up for now. 
Comment by Isyckle on Feb 17, 2022 7:06pm
As of now, with current financials, my total exit price is 0.18$ per trust unit at 660M float. Diamond hands.  This is my YOLO risk tolerance speaking, not financial advice :p
Comment by quicksilver545 on Feb 17, 2022 9:10pm
lol wow, those are diamond hands. I'd be happy with 1/10 that exit price. Is this just you dreaming, or do you really see the market cap growing from under 1M to 120M lol
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