Lanesborough Real Estate Investment Trust V.LRT.UN

RE:RE:RE:RE:It passed - 33 000 000$

[BobTheKnob2]

To further my comments about a reverse split, with this corporate action and paying out debentureholders with shares at $0.05 per share - the company is showing their disdain for debentureholders and shareholders.

If the management knew what they were doing, they would have asked for a special exception. This goes to my point that management is tired and needs to go. They probably are half decent management of a private company where their own capital is at risk ad they can play their games to enhance profitability in one business unit and penalize the other business unit for tax purposes. But when you run a public company it is a bad thing to be conflicted. This management group is conflicted and works against any shareholder or debentureholder to the benefit of Shelter/Manitoba/Laneborough.

As I stated before, the units have traded in the penny to two penny range for years. The share price is pathetic and has been for a long time. The dbentures have been trading at less than a penny on the dollar for a long time. To be frank it is flirting with bankruptcy and has been for quite a while.

Something to happen - and it did. We will move. on.

But the problem is that the settlement for the debentures occured at 2.5x the current share price. What will happen on Wednesday when the shares trade freely?

With all this dilution we will be lucky if we trade at $0.02 a share. So in other words this management group converted secured debt at $0.20 on the dollar, but did it under the pretext that they were giving full value.

As I said previously - conflicted management.

Now the management company moves up the pecking order of debt payment. I can't wait to get the AGM package, because I am going to vote every single one of my shares to vote the board of directors off the board.

I am already gearing up for it.