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Bullboard - Stock Discussion Forum 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... see more

TSXV:LRT.UN - Post Discussion

Lanesborough Real Estate Investment Trust > Continuous discloser reminder to management/BoD
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Post by BobTheKnob2 on Jul 05, 2022 4:27am

Continuous discloser reminder to management/BoD

On Tuesday, June 28, 2022 at 10:00am Winnipeg time the company held its Annual General and Special Meetings. To date the company has failed to provide the results of its meeting held that day contrary to the TSXV Continuous Disclose Rules for all public companies.

The last communication that the company has issued occured on Monday, June 06, 2022 at 15:57:27 ET. 

These were the filings of the Management Information Circular / Notice of Meeting / a form of the proxy / and a notice signed by Gino Romagnoli, Chief Executive Officer of Lanesborough Real Estate Investment Trust that the company will arrange to send meeting materials to all unitholders "in compliance with NI 54-101 to all beneficial owners of Units at least 21 days before the date fixed for the meeting" - a date that fell earlier the same day. Nothing like cutting it close.

According to the TSXV Filing Guide, voting results should be issued "Promptly following securityholder meeting" to the Securities Commissions TSXV Compliance and Disclosure via SEDAR and News Release

Further to this, guidance as to reporting is given in 53-102 Continuous Disclosure Obligations

11.3 Voting Results

A reporting issuer that is not a venture issuer must, promptly following a meeting of securityholders at which a matter was submitted to a vote, file a report that discloses, for each matter voted upon

(a) a brief description of the matter voted upon and the outcome of the vote; and

(b) if the vote was conducted by ballot, including a vote on a matter in which votes are cast both in person and by proxy, the number or percentage of votes cast for, against or withheld from the vote.

Thank you for your timely attention to this matter.

Comment by riverrrow on Jul 05, 2022 7:41am
Anybody have contact info as to who shareholders can  formally complain to at the securities commission?
Comment by BobTheKnob2 on Jul 05, 2022 4:24pm
Comment by quicksilver545 on Jul 05, 2022 4:34pm
Still nothing from management, even though meeting was over a week ago.. I suppose they are trying to figure out their next move. I will also send an email to BCSC Bob. The more complaints they have, the more likely they will do something. 
Comment by alkhor on Jul 05, 2022 6:20pm
The link is for the BC securities while Lansbourgh is based in Manitoba. The BC guys won't be able to do much.
Comment by quicksilver545 on Jul 06, 2022 7:52pm
This is so ridiculous.. Bunch of crooks who won't communicate whatsoever with shareholders. I sent an email to the securities commission in Manitoba, both for the delayed disclosure on the AGM voting, and the suspicious three adjournments of the debenture conversion vote.  I want an audit of that vote, and to see whether they were entitled to use the record date for the vote that they ...more  
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