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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 Budamanon Dec 22, 2012 11:50am
232 Views
Post# 20765270

Good News

Good News

This is actually good news.  There can be no surprise that Starfield was going to fall short of its obligations because they have no cash flow - yet!  But they have taken the necessary steps to let the CRA know what is going on and ensure they can carry on trading.

If you read between the lines, PwC has received a few bites from a number of potential buyers/investors for Starfield and its numerous resources & especially the technology - more than likely from China/India.

Everyone can sell their shares if they do not believe in this company - I will continue to buy!  I am so confident in the technology of this company, that I will increase my holdings to 1 million shares by February.

Please ensure you do your own DD.

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