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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 > Is management threatening a cease trade?
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Comment by BobTheKnob2on Jul 16, 2024 11:52pm
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Post# 36136033

RE:RE:Is management threatening a cease trade?

RE:RE:Is management threatening a cease trade?I am guessing he plans to put the company into bankruptcy, so that he can buy the assets in exchange for the debt owed.

But if the management and the same old crony directors were not friends of his, they could have delt with the debt properly on the same terms as the debentureholders two years ago, or whenever it was. This company would be a viable operation But as I have mentioned ad nausium management is not competant when it comes to running a public company. They run it like a family business where he can do whatever he wants without accountability or oversight. That is the problem. 
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