Lanesborough Real Estate Investment Trust V.LRT.UN

RE: Trend reversal?

[Winnipeg40]

FYI...Shelter did declare bankruptcy..but the name remains with a new numbered company holding the name.

HNT.UN is now run by the very capable Zach George who immediately reduced assets managment and property management fee costs tremendously and blended in IATA REIT which held industrial property at airports and had very little debt

Arni tried to take millions of dollars that did not belong to him (see Sedar) but the lawyers got it back for HNT. UN

I have to hand it to Arni though....the issuance of so much debt at 9% is smart...it will keep interested parties from wanting to takeover the trust on a complete buyout...perhaps a deal where shares are purchased from Treasury to be 49.9% of the shares outstanding is in the cards...it is up to the board now...dilute the existing unit holders or let the thing get foreclosed on. The holder of the Parsons Landing debt could do it at anytime..and 14 mortgages are now in default of their terms