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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 > What about the other items voted on?
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Post by alkhor on Jul 07, 2022 6:49pm

What about the other items voted on?

Not concerned about the Auditors but would like to know about the executives. I can see some unitholders would vote for the consolidation and against the BoD, just to get the units trading again, but I'm pretty sure those that voted against the consolidation also voted against the BoD. Still working on their spin I guess.

Had thewy proposed a 10:1 consolidation, it probably would have passed, but then the current management is not noted for doing things properly.
Comment by BobTheKnob2 on Jul 08, 2022 2:21am
Yet another thing that management could have done properly - but did not. This time, they didn't file this press release to SEDAR nor did they post the voting results. Seeing this makes me happy that the units I was able to vote because of my brokerage giving me the voting control number - even though I still have yet to receive my voting package. I can assure management that the ...more  
Comment by riverrrow on Jul 08, 2022 8:01am
The vote was much to close.  I'm sure the next time management will "find" enough votes to make it pass.  GLTA.
Comment by riverrrow on Jul 08, 2022 8:02am
A  big thanks to Bob for going the extra mile to help block the consolidation.
Comment by quicksilver545 on Jul 08, 2022 4:15pm
Yes, thanks Bob! Just over a million units made the difference between passing and rejecting this destructive consolidation. So are they just not going to post the results of the rest of the proxy voting? What's the point of voting if the company can just not post the results and do whatever they want?