Sir Royalty Income Fund T.SRV.UN

Lembit’s Gambit

[BlueJay2020]

His patience has run out, nominating himself and two allies as independent directors to replace the current ones. Interesting comments about Renegade Chicken as well. 

Grab the popcorn (chicken).

[Robsopinion]

Very interesting indeed!  Can he be an "independent " trustee while holding 18% of the units?  His actions so far have been extremely beneficial to us smaller shareholders, just remember that he is doing what his is doing for him ultimately, and not our benefit.  If the vote were held today he would get my votes. 

[Amgamg67]

All of good points made. I think a change would be good. I wasn't awaire that everyone else was still paying dividends and SIR wasn't. He's got my votes as well.

[flamingogold]

Bravo Mr. Janes. Without his activism we would have been crushed by now. I have been through this type of battle before, a few years ago when Air Canada tried to bully Aimia which owned the Aeroplan loyalty membership plan. After a bully offer, Aimia was saved by two American acitivist investors. The outcome here is still unknown. But, I applaud Mr. Janes for taking a stand. Particular with

[Robsopinion]

I also owned a ton of aimia. Tendered to both offers but never ended up taking all of my shares. I still own some and surprisingly they are doing quite well these days :) I also got the email blast about renegade chicken. It burns me the way sir is treating this concept and us. Very adversarial relationship these days. Glad to have Janes doing what we can't. 

[flamingogold]

I tried Renegade on the weekend. It was good, fair price. The chicken sandwich was well prepared, the bun was a little soggy but I am a 15 min. drive from the closest Jack's without traffic so I was expecting that. There is no pick up option, only delivery. It's a coincidence to wake up this morning to Mr. Janes' letter. After receiving the eblast on the weekend I started to post to