Lanesborough Real Estate Investment Trust V.LRT.UN

RE:RE:RE:RE:RE:Voting deadline for special meeting is today

[quicksilver545]

I agree with you Alkhor, needs to give us something, or else we will drag this out as long as possible. I'm not sure what leverage we really have though. Is the alternative just some kind of bankruptcy/receivership? Is there some advantage to Arnie having us vote through a proposal rather than this just go through bankruptcy court? That's the only leverage I see.

Regarding the debenture holders (as a former holder myself), I would note that we received NOTHING. In fact, our debentures were converted into units at a deemed value of 5 cents, because this was the lowest they could value the units at. But we never got 5 cents, just worthless units that flooded the market and have been unsellable since then. Not to mention the shady way the debentureholder vote was held I think 4 or 5 times until they got the result they wanted, and never even posted the results.

Everything about this management group is sketchy and not in our interests. If we had some legal resources, I would bet that many of the things they pushed through were not actually legal.