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Bullboard - Stock Discussion Forum Lanesborough Real Estate Investment Trust V.LRT.UN

Lanesborough Real Estate Investment Trust is a Canada-based real estate investment trust. The investment properties of the Company are separated into three operating segments: Fort McMurray Properties, Other Investment Properties, and Held for Sale and/or Sold Properties. Fort McMurray Properties includes eight properties. Other Investment Properties include two properties. Held for Sale and/or... see more

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Comment by Lllennnon Mar 04, 2022 4:15pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:8 Hours to the Next Postponement

So unless the 22 m sells at this only way is drop? Possibly using RS which would be using MC about 3.4 million shares total # shares at $1 then?

Discussion

Comment by quicksilver545on Mar 04, 2022 1:43pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:8 Hours to the Next Postponement

Ah, gotcha. Thanks for clarifying that Bob.

Discussion

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Comment by BobTheKnob2on Mar 04, 2022 1:37pm

RE:RE:RE:RE:RE:RE:RE:RE:8 Hours to the Next Postponement

I see where you are going with this. I think it was not explained all that well. Yes, you are more or less correct. Each dollar of the debenture was exchangeable for approximately 26.6 units ...more

Discussion

Comment by quicksilver545on Mar 04, 2022 11:55am

RE:RE:RE:RE:RE:RE:RE:RE:8 Hours to the Next Postponement

Not really. At 0.005 the market cap is 3.4 million, compared with debenture debt at 33 million. Unfortunate to see the volume just dry up from 27 million on monday, down to only 30k today ...more

Discussion

Comment by Lllennnon Mar 04, 2022 12:33am

RE:RE:RE:RE:RE:RE:RE:8 Hours to the Next Postponement

@.005 your buying the DB at $130.00 imo

Discussion

Comment by Isyckleon Mar 02, 2022 8:19pm

RE:RE:RE:RE:RE:RE:8 Hours to the Next Postponement

You are correct on one thing, Shelter is paying down first mortgage loans with the proceeds of the Manitoba Revolving loans, that is backed by second mortgages. But I encourage you to ...more

Discussion

Comment by Isyckleon Mar 02, 2022 7:46pm

RE:RE:RE:RE:RE:RE:8 Hours to the Next Postponement

I will review previous financial statements to confirm what you are saying.

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Comment by quicksilver545on Mar 02, 2022 7:42pm

RE:RE:RE:RE:RE:RE:RE:8 Hours to the Next Postponement

Well there's a difference between paying back the debenture, and taking the entire company private. They didn't pay back the debenture because they coudn't, but also because they could get ...more

Discussion

Comment by Cbcdistressedon Mar 02, 2022 7:27pm

RE:RE:RE:RE:RE:RE:8 Hours to the Next Postponement

probably won't get you 5 cents a share which would mean they had the money to fully reply debenture.... so. I am happy for a 1 cent per share privatization deal

Discussion

Comment by Cbcdistressedon Mar 02, 2022 7:20pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:8 Hours to the Next Postponement

if they want the bigger potential for the ultimate recovery in fort Mac they will convert the 100 million. If they dont then, keep the debt and raise the interest rate and keep sucking the company dry ...more

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Comment by Cbcdistressedon Mar 02, 2022 7:17pm

RE:RE:RE:RE:RE:8 Hours to the Next Postponement

you need to stop posting this nonsense. The 100 million is on the book as debt they used the money to pay down the mortgage as the property value is lower and the original loan to value ratio ...more

Discussion

Comment by quicksilver545on Mar 02, 2022 6:19pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:8 Hours to the Next Postponement

Why would they refuse? I think the better question, is why would they accept? As an example, the debentures were worth 33 million, and were converted into units at 5 cents a piece (and not lower ...more

Discussion

Comment by alkhoron Mar 02, 2022 5:57pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:8 Hours to the Next Postponement

Why would they refuse to be paid in units if it meant the would own 99% of them?

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Comment by quicksilver545on Mar 02, 2022 4:55pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:8 Hours to the Next Postponement

You mean their 100 million dollar loan? Somehow I doubt they would want that paid off in units, but hey, I was surprised that the debentureholders agreed to the units.

Discussion