Lanesborough Real Estate Investment Trust V.LRT.UN

Oil at 2014 highs, real estate booming. Looking good here?

[quicksilver545]

Seems like oil patch is in much better shape, and activity in Fort McMurray is picking up aggressively. As well, real estates are making higher highs, meaning our portfolio of properties should be more valuable. Interest rate hike was delayed, also positve for us.

All in all, three positve factors for value recovery. I've been buying more debentures and hold about 5% now. Just want to express that I'm willing to work in concert with others here to get maximum value. I am certainly wanting to reject this proposal on the 11th. Management needs to wake up and offer something better than trying to offer us shares in exchange for giving up secured equity!

If management reads these, we are willing to negotiate, but you need to offer something other than shares. To avoid default, perhaps offer shares in exchange for the interest, and allow us to keep our secured principal. This avoids default, and also gives us something for our scheduled interest payments.

Of course if you were to offer proper payment at a slight discount, I think others would be willing to accept somewhere around 70-80% of outstanding principle. 

Interested in others thoughts here