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Canadian Net Real Estate Investment Trust V.NET


Primary Symbol: V.NET.UN Alternate Symbol(s):  CNNRF

Canadian Net Real Estate Investment Trust (the Trust) is a Canada-based open-ended real estate investment trust. The Trust owns and rents commercial real estate properties directly, through its wholly owned subsidiaries and joint ventures. The Trust operates in one segment, commercial real estate located in Canada. The Trust holds approximately 93 investment properties, which are located in Quebec, Ontario and Nova Scotia provinces. The properties are occupied by four distinct groups of tenants composed of retailers, national service station and convenience store chains, quick-service restaurant chains, and others. The Trust's properties include 40-50 Brunet Street, 230 St-Luc Blvd, 196 Hotel-de-Ville Blvd, 1349-1351 Road 117, 275 Barkoff Street, 530 Barkoff Street, 340-344 Montee du Comte, 1440-50 St-Laurent East Blvd, 1460 St-Laurent East Blvd, 7335 Guillaume Couture Blvd, 4200 Bernard-Pilon Street and others.


TSXV:NET.UN - Post by User

Post by wood6411on Apr 29, 2010 4:00pm
423 Views
Post# 17045722

NO WAY, THIS CAN'T BE TRUE. CONSOLIDATION........

NO WAY, THIS CAN'T BE TRUE. CONSOLIDATION........Holy sh.t batman, this can't be true. Consolidation. This is definitely a nighmare come true.

I thought we had a bunch of well experienced experts from large blue chip companies on the payroll spearheading this company. It was a can't miss, slam dunk deal according to some on here in the past.

WHAT HAPPENED

Things are not always what they seem to be on the surface. What this company needs, is a clean slate of management, not a rollback in our shares. I've been involved in these rollbacks before, and the end result is not pretty folks. The most recent one is Encore Rennaissance Resources, ex Consolidated Goldwin, etc. They did a 10-1 rollback, and the shares melted as fast as they came out of the shoot. They too also had great potential, but look what they are doing now. They have been halted since Mar 9th - EncoreRenaissance Comments on Cease Trade Order
3/9/20103:56:41 PM - Market Wire

Folks, I am trying very hard to stay positive with this company, as I own over 250,000 shares, but eniugh is enough. I think we all have given this management enough rope to prove up something. I think it is time to turn the reigns over to more capable hands.

There comes a time when management should look in the mirror. The market clearly doesn't believe what this group are selling. Why is that? There must be a huge credibility issue here, otherwise deep pockets would be lining up at the door to get a slice of this company.

Not sure where we go from here, but God help us all.
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