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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 Sold Properties includes sold properties: five properties. The property portfolio of the Company consists of approximately 11 rental properties, encompassing 10 multi-unit residential properties, including the unsold condominium units at Lakewood Townhome.


TSXV:LRT.UN - Post by User

Comment by alkhoron Dec 16, 2021 1:00pm
91 Views
Post# 34237489

RE:RE:RE:RE:RE:RE:RE:RE:Debentures are paying full interest

RE:RE:RE:RE:RE:RE:RE:RE:Debentures are paying full interestNow that I know the interest is not charges I decided to dip my toe in again, buying $50,000 worth at $1.26 per $100 worth at a cost of $640. Per my calculations, at the conversion I will receive 1,000,000 units plus 320,000 units in interest for a total of 1,320,000 units. At $0.005 per unit after the conversion the units I own will be worth $6,600. Risk is the bid could be 0 with the ask at $0.005, which means no sale. However with a 100:1 consolidation I still break close to even at a new 5 cent price (equivalent to $0.0005 pre consolidation), which I doubt will be that low, so worth the gamble.
Still scary as my purchase today is showing as costing $38,250, but that will be corrected.
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