Lanesborough Real Estate Investment Trust V.LRT.UN

RE:RE:RE:8 Hours to the Next Postponement

[quicksilver545]

That's what the company wants you to think.

As has been explained before, the asset valuation on the balance sheet is based on their ability to produce income, rather than their real estate or liquidation value. Further, in receivership and liquidation, secured debentures have a history of being treated more fairly, and underlying debtholders getting a certain percentage across the board. 

In any case, giving up our secured debt status means we would be even lower in priority, and likely to get even less, in the case of CCAA bankruptcy. Why would we vote to give up that priority?