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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 > Management apparently didn't get the memo last year
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Post by BobTheKnob2 on Aug 02, 2023 1:37am

Management apparently didn't get the memo last year

I just received my voting packagefor one of my trading accountsfor the upcoming AGM. If you recall, last year all managent proposals were defeated by a simple majority of voters.

Of course, management refused to accept the voting results and proceeded to insult every voter and not accept the resignations of its board members since inception over 20 years - can you say entrenched. Still none of them have as many shares as what I do - not even combined in total. I am not even close to being in position to declare with an Early Warning Report.

What does management do this year? They propose the exact same candidates and auditors as they did last year.

What do we need to do again this year? Defeat every single proposal management has put forward oce again. Maybe this time they will get the memo - like a bad potato from a year ago, stinking up  the far corner of the refridgerator, they also need to go.
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