Lightstream Resources Ltd. LSTMF

No stock symbol anymore...

[mbuch]

My account shows the security as L013597 and I can't even click on it to bring up activity.I guess it's absolutely worthless now..

Is it even worth keeping anymore?

[bushhog1]

What happed to your Shares In your brokerage account the shares magically go away and you get a credit for the cash amount of the private buy-out or if you hold an old-fashioned certificate, you get a check in the mail (might have to sign the certificate over) Another thing that also happens is that hedge funds step in and buy up all of the public shares they can get minus about 1% of the price

[afficheholderon]

"Another thing that also happens is that hedge funds step in and buy up all of the public shares they can get minus about 1% of the price. In other words, they keep buying until the price reaches 99% or more of the buyout price and then they stop buying." What was the "buyout price" for LTS? When do we get that amount? 

[bushhog1]

From Sedar. com. Lightstream On July 13, 2016 Calgary, Alberta – July 12, 2016 – Lightstream Resources Ltd. ( has entered into a restructuring support agreement (the "Support Agreement") with members of the Ad Hoc Committee holding approximately 91.5% of the Secured Notes "existing Shareholders will hold a total of 2.25% of the then-outstanding Common Shares and existing

[bushhog1]

Wait for another few months and if you hear nothing, then file a report with the Alberta Securities Commission ___ The Alberta Securities Commission, the regulatory agency responsible for administering provincial securities laws, and the RCMP are forming the Joint Serious Offences Team. The unit is to investigate and prosecute cases under Alberta’s Securities Act as well as more serious offences

[Patagonia75]

Lightstream was sold as a result of entering into bankruptcy. Your shares are worthless. https://business.financialpost.com/commodities/energy/lightstream-resources-ltd-is-the-latest-oil-and-gas-producer-to-seek-creditor-protection

[Oldfart74]

There was no buyout since Lightstream went bankrupt- all its assets were transferred to the secured creditors.  In due course, it will be dissolved due to failure to file annual corporate returns.