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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

Lanesborough Real Estate Investment Trust > 8 Hours to the Next Postponement
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Comment by BobTheKnob2on Mar 05, 2022 2:58am
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Post# 34485984

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

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:8 Hours to the Next Postponement
alkhor wrote:
BobTheKnob2 wrote:
Lllennn wrote: @.005 your buying the DB at $130.00 imo


I see where you are going with this. I think it was not explained all that well.

Yes, you are more or less correct. Each dollar of the debenture was exchangeable for  approximately 26.6 units which included the accrued interest. If you use current pricing of $0.005 * 26.6 = $13.30/dollar

That translates to $133.00/$1000 debenture. Absolutely you were more or less correct at current pricing.

 



This assumes you can sell your units at half a cent.


 

True!!! Sad, but very true!!!

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