Lanesborough Real Estate Investment Trust V.LRT.UN

Share count update at 680 Million

[quicksilver545]

A few platforms show our updated share count at 680M, with market cap at 3.4 million. I actually think this is a reasonable valuation, but trading volumes are reverting back to the mean, and ask size is building.

Financials should be posted by end of month. Should show some positive fair value adjustments, which may help support stock price However, the trading volume is just so low. We need a market maker here to increase liquidity. Unfortunately, i suspect management wants zero liquidity so they can reverse split this and have it drift lower.

There will be a vote in June regarding re-electing trustees. I for one will voting against the two members, in favour of nominating someone who actually has obvious shareholder interests. Looks like past votes have had around 22-25% of outstanding shares counted, meaning us debentureholders here on the board could sway the vote.

Any other large shareholders planning on voting against the current management?

[Isyckle]

Voting against management is suicide. They already own the second mortgage on all assets with the loan from Manitoba. Best hope is enjoy the ride.

[Lllennn]

 Cannot really work against management here, it's a tail spin to zero, only about 1000 db have sold since they've gone to units and most likely many had buyer remorse after purchasing and end up back of line,  we'd about $30 million to balance so won't matter what re assessment is, not going to be able to do a HBC after buying Sacks, oil higher but it's been a dog for

[Lllennn]

Fun Not Fact: the average roll of TP has about 150 sheet, and the average cost for 4 rolls in Canada is about $2.90 for a 4 roll pack, which if you do the math, cost per sheet is about $.0048333, so both (SH .005) have Uranus in common, either go to ~$1 or go lower to get off Uranus imo

[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

[Lllennn]

I don't know how any management can balance inflow and outflow on a business model at this time and current conditions. Imo people buying just on SP of .005 but does not make any sense imo, no one was buying DB at $130.00 so not worth.005 imo, although they most likely have a few plays in hand, do RS get SP to $1 then possibly buy a building for 30 million and issue 30 mil shares for