Lanesborough Real Estate Investment Trust V.LRT.UN

Voting deadline for special meeting is today

[BobTheKnob2]

Voting for TAKE PRIVATE meeting that is to be held on June 27th is today. As I have stated before and I will state again, management is completely oblivious to ALL shareholders except themselves. They have completely disregarded and ignored ALL SHAREHOLDER VOTES since they ramrodded the debenture conversion to shares. 

Management has sold properties to themselves without votes. They only have their own self interest in mind.

They will do this agin. Of this I am sure. It is for this reason I have voted AGAINST or WITHHELD all items that were put forward to vote. I know that my vote of multi-million shares will not make any difference to what they will do. 

It is my final act of defiance.

I encourage all other shareholders to VOTE AGAINST or WITHHOLD all items on the ballot. This will just show that governance at this company is merely a facade.

[riverrrow]

I cast my votes the same way you did.  GLTA.

[BobTheKnob2]

If management wants to redeem themselves somewhat, I believe there is a path forward. They had the option to do the right thing, but like everything this amateur management crew does, they chose the wrong decision - AGAIN. I am tired of the management here. I am ready to put a proposal down that would help redeem themselves somewhat of their shifty and sleazy reputation. What I would propose, and

[alkhor]

Keep daydreaming 

[quicksilver545]

Im with you, Bob, but would want at least a few cents per share. I'll keep voting against every attempt to fleece shareholders until they can give us something of value. I see that the vote didn't pass, and they are now considering "other alternatives", e.g. other ways to screw unitholders.  Stay tuned to this **** -show

[alkhor]

If Arnie wants to get his money out he is going to have to get rid of some of his greed. It would cost $3.4MM to buy out the unitholders at $0.005 each, 1/10th of what the debenture holders got. He would then have total control over the REIT and the only unitholder he could screw is hjimself.

[quicksilver545]

I agree with you Alkhor, needs to give us something, or else we will drag this out as long as possible. I'm not sure what leverage we really have though. Is the alternative just some kind of bankruptcy/receivership? Is there some advantage to Arnie having us vote through a proposal rather than this just go through bankruptcy court? That's the only leverage I see. Regarding the debenture

[BobTheKnob2]

The other alternative is to file a legal action against the company with the Manitoba Securities Commission and TSV Group as co-defendants. The action itself will probably be dismissed, as the MSC and TSX will not like being named defendants. But the result will be that something will happen.