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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 BobTheKnob2on Jun 25, 2024 10:03pm
59 Views
Post# 36106235

RE:RE:Voting deadline for special meeting is today

RE:RE:Voting deadline for special meeting is todayIf management wants to redeem themselves somewhat, I believe there is a path forward. They had the option to do the right thing, but like everything this amateur management crew does, they chose the wrong decision - AGAIN.

I am tired of the management here. I am ready to put a proposal down that would help redeem themselves somewhat of their shifty and sleazy reputation. What I would propose, and it is not a big ask, is to offer all shareholders a half cent per share.

As it is, they exchanged the debt at $0.05 per share. This is 10% of that exchange ratio.

In conjunction with this, the company could write off management fees and/or interest payable to themselves equivalent to the amount the company pays shareholders. As the company is on both sides of the ledger, it is not an unreasonable ask.
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