TSXV:LRT.UN - Post by User
Comment by
BobTheKnob2on Jun 25, 2024 10:03pm
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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.