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Bullboard - Stock Discussion Forum Sir Royalty Income Fund SIRZF


Primary Symbol: T.SRV.UN

SIR Royalty Income Fund (the Fund) holds investment in SIR Corp (SIR). The Funds' investment, SIR is engaged in the business of owning and operating full-service restaurants in Canada. SIR has concept restaurant brands, including Jack Astor’s Bar and Grill, Scaddabush Italian Kitchen & Bar, and Canyon Creek Chop House, signature restaurant brands, such as Reds Wine Tavern, Reds Midtown Tavern... see more

TSX:SRV.UN - Post Discussion

Sir Royalty Income Fund > Board to increase to 9
View:
Post by BlueJay2020 on Jun 02, 2021 7:57am

Board to increase to 9

...to ensure Lembit does not gain control. It is fascinating to see this game play out. There is clearly no love lost between Fowler and Janes. One imagines, though, thst yesterday's announcements were made with the AGM in mind.

I actually think this could be a sensible move to broker some peace, but it does seem overkill to have such a large number (all being paid fees).

I need to see the particulars of the proposed new faces before they get my vote.

Comment by Robsopinion on Jun 02, 2021 8:18am
That release smells very strongly of fear.  and they recommend against voting for Janes nominees.  this will be the most interesting AGM of the year!   
Comment by flamingogold on Jun 02, 2021 9:10am
I'll take my chances with Lembitt. We should never forget that without his advocacy we would have been taken under for almost half of what we are trading for now.
Comment by flamingogold on Jun 02, 2021 9:21am
correction... less than half!
Comment by Robsopinion on Jun 02, 2021 9:37am
Why would you think that? I wouldn't have tendered my units, would you have? 
Comment by flamingogold on Jun 02, 2021 9:41am
Rob, I'm not sure if you are asking me or not, but I did not tender a single share. I was buying.
Comment by Robsopinion on Jun 02, 2021 10:02am
No, I was responding to the post that basically said we would have been bought out by Fowler's offer. If he didn't have enough people tender the buyout would not have happened. I don't think that many of us would have tendered at that price. 
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