Lanesborough Real Estate Investment Trust V.LRT.UN

New Press Release - LANESBOROUGH REIT ANNOUNCES CHANGE TO DATE OF ANNUAL GENERAL MEETING OF UNITHOLDERS

WINNIPEG, MB, June 22, 2023 /CNW/ - Lanesborough Real Estate Investment Trust ("LREIT") (TSXV: LRT.UN) announces today that its annual general meeting of unitholders, previously scheduled for June 27, 2023 at 10:00 am (Winnipeg time) (the "Original AGM"), has been cancelled. The Original AGM was...read article.

[quicksilver545]

" The Original AGM was cancelled due to a failure by LREIT's service providers to deliver the meeting materials for the Original AGM to the unitholders of LREIT in accordance with applicable law. LREIT apologizes to its unitholders for any inconvenience that the cancellation of the Original AGM may have caused." mmhmmm... anyone wanna bet that they tried to not send information

[BobTheKnob2]

What this sounds like to me is that the brain trust running this three-ring circus couldn't organize a pi$$-up in a brewery.  These bozos need to go. Either sell the company to someone else outside of Shelter or get off the F'ing pot and get someone who has the competance to run this as a proper REIT instead of a family business. This is the exact same issue that happened with

[BobTheKnob2]

This AGM needs some personal attention. I might have to make a point of booking a business trip to Winnipeg to correspond with the AGM. Would be nice to meet the folks running this show and express my frustration in person.

[BobTheKnob2]

I might add this sentence here from the very first paragraph speaks volumes: The Original AGM was cancelled due to a failure by LREIT's service providers to deliver the meeting materials for the Original AGM to the unitholders of LREIT in accordance with applicable law. This sentence says to me, that this management group is unable or unwilling to take responsibility for their own

[quicksilver545]

I know Bob, will never forget that either. Can't believe how they can just ignore results of the vote like that anyways. Do we have any recourse here? I suppose someone could suggest an alternative slate of candidates and I believe, with enough support, the board of trustees is obligated to present that for voting. At this point, it is clear to me the board and executives have absolutely no

[BobTheKnob2]

I am going to add even more to my last post because I am not done yet. This sentence from the news release announcing the operating results for the period ending June 30, 2022 also speaks volumes: After considering the resignations of Messrs. Loewen and Coleman, Mr. Thorsteinson made the determination not to accept the resignations of Messrs. Loewen and Coleman. Due to the current financial