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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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Bullboard (TSXV:LRT.UN)

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Comment by Isyckleon Jan 31, 2023 9:24pm

RE:RE:RE:RE:RE:Thoughts

If you read the companion guide to 61-101, says that in some case the provincial securities administration could receive a formal complaint. Them not having a majority share does not reflect well vs ...more

Discussion

Comment by Tslayeron Jan 31, 2023 9:01pm

RE:RE:RE:RE:Thoughts

So what are the prospects of shareholders if they are liquidating assets while we have no recourse?They are pulling out all the stops to ensure shareholders have no input.

Discussion

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Comment by quicksilver545on Jan 31, 2023 8:18pm

RE:RE:RE:Thoughts

I see this as asset-stripping. Notice how there is no mention of any cash to the company, or anything that might benefit unitholders; just transfer of properties for whatever they deem is the value ...more

Discussion

Comment by Isyckleon Jan 31, 2023 6:47pm

RE:RE:Thoughts

According to this 2017 article, the purshasing company is affiliated to Shelter... https://www.newswire.ca/news-releases/eleven-evergreen-limited-partnership-announces-limited-partner-approval-of ...more

Discussion

Comment by alkhoron Jan 31, 2023 6:24pm

RE:Thoughts

I'm willing to bet the "725" buyer is Arnie. He gets the properties this way by assuming the mortages and uses $20,000,000 of the money LREIT owes him through Shelter. This way he ...more

Discussion

Post by Tslayeron Jan 31, 2023 5:51pm

Thoughts

Thoughts on sale of 3 properties? Looks they figured out a work-around to avoid unit holders from voting on sale.

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Discussion

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Post by PressReleaseon Jan 31, 2023 5:00pm

New Press Release - LANESBOROUGH REIT ENTERS INTO AGREEMENTS TO SELL THREE PROPERTIES

WINNIPEG, MB, Jan. 31, 2023 /CNW/ - Lanesborough Real Estate Investment Trust ("LREIT") (TSXV: LRT.UN) announces today that it has entered into three asset purchase agreements (the "Agreements") in connection with the sale of: (i) Laird's Landing, 302 Parsons Creek Drive, Fort McMurray, Alberta (...read article.

Comment by alkhoron Jan 20, 2023 4:37pm

RE:RE:RE:RE:RE:RE:ISN'T IT TIME FOR LANESBOROUGH TO ANNOUNCE

Be thankful they didn't do the special distribution of units this year. The tax bill you reveived would be more than the value of the units, plus you would be stuck with it as you cant get rid of ...more

Discussion

Comment by BobTheKnob2on Jan 16, 2023 11:20am

RE:RE:RE:RE:RE:ISN'T IT TIME FOR LANESBOROUGH TO ANNOUNCE

Thanks for that. I agree that it seems a bit smarmy doing that, but, I guess business is business. I was not aware that the company was prone to doing some sort of contra payment to unit ...more

Discussion

Comment by quicksilver545on Jan 10, 2023 6:45pm

RE:RE:RE:RE:ISN'T IT TIME FOR LANESBOROUGH TO ANNOUNCE

Yes, that's such a scummy thing to do, pretending like this distribution is some kind of reward for patient investors, only to realize it's just worthless units rather than cash. This ...more

Discussion

Comment by alkhoron Jan 10, 2023 10:43am

RE:RE:RE:ISN'T IT TIME FOR LANESBOROUGH TO ANNOUNCE

"Not to sound negative, but why would you put this in to a tax sheltered account?" In the past number of years LREIT has issued a phantom distribution of units which, after issueing did a ...more

Discussion

Comment by BobTheKnob2on Jan 09, 2023 7:58pm

RE:RE:ISN'T IT TIME FOR LANESBOROUGH TO ANNOUNCE

Why would it matter? If someone held the debentures when the conversion occured last spring, I understand. That was a taxable event that would have involved a large tax liability if the debentures ...more

Discussion

Comment by riverrrowon Dec 30, 2022 8:52am

RE:ISN'T IT TIME FOR LANESBOROUGH TO ANNOUNCE

I would hope everybody is holding their shares in a tax sheltered account.

Discussion

Post by alkhoron Dec 23, 2022 4:47pm

ISN'T IT TIME FOR LANESBOROUGH TO ANNOUNCE

Their annual special distribution of units? Of course the units will be immediatly consolidated back to the same number issue, basically passing their tax burden to the unitholders, at least those ...more

148

Discussion

Comment by Lllennnon Dec 01, 2022 3:55pm

RE:RE:RE:RE:RE:RE:RE:RE:best decision we could have made

Remember when a ton of shares sold for .05? It was like 35 million, I thought these buyers are just crazy $130 fo db that was trading at $2 just crazy imo. And how does company get off the ground with ...more

156

Discussion

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