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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 Mar 02, 2022 1:29pm
45 Views
Post# 34475717

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

RE:RE:RE:RE:RE:RE:8 Hours to the Next Postponement
quicksilver545 wrote: I guess my question would be, if they wanted to by the units and take the company private, why woudn't they have done that before, when the market cap was around 400,000? I suppose I can answer my own question by saying that they wanted to extinguish the debenture debt first, so they didn't have to worry about it.

Now with the market cap around 3.3M, they could easily make an offer for the company in the 0.005-1 cent range, and not have to worry about paying back the debentures.The VWAP will definitely be around 0.05 as the volume spike monday dwarfs any other trading day in history by several million shares. 

Compared to their assets, they would be getting an absolute steal at these prices. I would probably vote no on any offer below 5 cents though. I think their assets are probably much closer to 200-300M, rather than what they show on most recent financials. 

I am also hoping for a positive fair value adjustment, based on the huge spike in oil prices and the trickle down effects to Fort Mcmurray. Crude hit $114 per barrel today. That's got to get some people in the oil patch excited. 

Food for thought.


Why pay $500,000 when they can legally (although immorally) get it for $100,000?
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