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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 quicksilver545on Jul 11, 2022 12:56pm
68 Views
Post# 34815499

RE:Has anyone called Gino Romagnoli?

RE:Has anyone called Gino Romagnoli?I have not callet yet, but will try this week.

No response from the Manitoba securities commission. They clearly have no intention of releasing the results of the vote, which clearly reject the current Board of Directors. And yes, as we can only withhold votes rather than vote no, it begs the question what the vote is for anyways. 

The next option is shareholder activism. I find US investors are much better at holding management to the fire, so let's turn the tide here. I'm not super familiar with how we could force a nominee onto the board, but I think it is worthwhile at this point to try, to show management that our voices will not be ignored.

Would anyone with more experience here be willing to voice their thoughts on the next steps?
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