Lanesborough Real Estate Investment Trust V.LRT.UN

Best possible outcome for vote

[BobTheKnob2]

I look at the outcome of the vote, with more than 50% rejecting the 500 to 1 consolidation. Then I look at the share price. It is still where it was a month ago. Then I look at the S&P Select Sector performance year-to-date and today. 

Real Estate has a return of negative 22.82% YTD and down 0.12% today
TSX Venture has a return of negative 35.62% YTD and down 0.28% today

I think about this, the management here should be quite pleased with the cote how it turned out for unitholders and management alike. 

We are not down today. It is a pretty fantastic day in the world of Lanesborough unitholders.

[BobTheKnob2]

I should have added this part, because it is relevant for comparision: LRT.un has a return of negative 66.67% TYD and is unchanged for the day However on the positive side, because I am that guy who always find the positive in everything, (which can be construed as cynical at times). LRT.un is unchanged since February 28 As I said earlier that is a pretty fantastic three, almost four

[quicksilver545]

I appreciate the optimism on LRT, Bob, but the reason it hasn't declined since February 28 is because the minimum bid price on the TSX venture is 0.005, so it cannot go down any more. That is part of the comapny's rationale for the consolidation.  Unless you are being sarcastic, and I am just not picking it up over the internet...

[BobTheKnob2]

  I love it!! I have never been sarcastic in my life. I do not even know how to be sarcastic over the internet tubes. It is just my natural born optimism that is shining through. We can only go up from here.