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SmartCentres Real Estate Investment Trust T.SRU.UN

Alternate Symbol(s):  CWYUF

SmartCentres Real Estate Investment Trust (the Trust) is a Canada-based fully integrated real estate investment trust. The Trust develops, leases, constructs, owns and manages shopping centers, office buildings, high-rise and low-rise condominiums and rental residences, seniors’ housing, townhome units, self-storage rental facilities, and industrial facilities in Canada. It is focused on development, ownership, management and operation of investment properties located in Canada. The Trust portfolio features approximately 195 strategically located properties in communities across the country. The Trust’s subsidiaries include Smart Limited Partnership, Smart Limited Partnership II, Smart Limited Partnership III, Smart Limited Partnership IV, Smart Oshawa South Limited Partnership, Smart Oshawa Taunton Limited Partnership, Smart Boxgrove Limited Partnership, ONR Limited Partnership, ONR Limited Partnership I, and SmartVMC West Limited Partnership.


TSX:SRU.UN - Post by User

Post by JerryFrancison Apr 30, 2009 2:30pm
346 Views
Post# 15956968

"Adtronic"

"Adtronic"

It is interesting to note that you burst on the scene of another forum [never having posted there before] with postings that are clearly intended and designed to leave a negative connatation. It is also interesting to see that you did so by presenting documented financial data and number crunching that could, in your opinion, only serve to support the reason for your writing. After all it was taken from 'official written records'.

At the very least, you very much did use a 'wide brush' when you 'alerted us' to the "facts of life". Numbers are an interesting thing and by themselves do not necessarily tell the whole story on all occasions. For example, when you referred to the costs and expenses for various items, you did so with out regard to the fact that just maybe that was the proper amount to spend for that item or those items. You did not take into account any change in direction the company felt to do, based on 'suspect areas' or recent discoveries. [overhead tests expenses] You also did not take into account that they did get caught up into the "signs of the times" and had to 'switch horses mid stream' and consentrate on other endeavors AND 'hunker down' for a while. You also speak of further dilution as a natural outgrowth of their needing to spend [I suspect you mean waste] money to further this project. You might be correct there but I suspect [no hard proof offered] that they are going to be getting funding from various public and or private sources as the project advances. It might also be correct to say that they're will NOT be the dilution that you described [50 million more shares needed to cover expenses] in your highly subjective rendering. Perhaps, yes I know I just said perhaps, a J/V might help to alleviate said future espenses. Perhaps the metallurgical process might be worth money in some way or other. I personally think it is the ace-in-the-hole that will separate Starfield from others.

In conclusion, I would like to submit that because you did not list all the accomplishments that the company has acheived from its inception although you went back to the Glen Indra regime and you did not put into print all the advancements that have been made to date, that your post is clearly one sided and suspect at the least. One other thing you did not do sir/maam. You did not have the courage to say under which name you post on this forum. Now let me ask you a couple of questions sir/maam. They are not hard questions and they are fair.

What are your financial qualifications regarding each of the catagories you  earlier wrote about on the other forum? 
What are your mining and business qualifications?
Are you a Starfield Resources Incorporated shareholder?
If you are not a shareholder, then you took a certain amount of time to copy and paste those reported numbers for a reason. What pray tell was that reason sir/maam?
Was it to warn us of a 'corrupt or incompetant' leadership? Please explain.

Please answer those individual questions. It should not be a painful experience. Thank you.

Respectfully submitted to the board at large.
Jerry Francis

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