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Bullboard - Stock Discussion Forum
Lightstream Resources Ltd.
LSTMF
Energy
Oil & Gas E&P
"Lightstream Resources Ltd is engaged in the exploration and development of oil and natural gas in Western Canada. Its operating areas include Southeastern Saskatchewan, Central Alberta, and North-Central Alberta."
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Bullboard (GREY:LSTMF)
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•••
afficheholderon
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Post by
afficheholderon
on May 24, 2020 3:18pm
Anything new here?
I do not understand what is going on with the private company ridgeback resources. Does anyone know more?
(0)
•••
afficheholderon
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Post by
afficheholderon
on Mar 22, 2019 4:19pm
...
Creditor protection doesn't mean bankrupcy.
Debt-Free and Thriving: Mining Company Reports 35% Revenue Growth in Q3 2024
posted Nov 12, 2024 9:00am by
Mandalay Resources Corp.
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|
"Revenue growth and free cash flow generation reflect our cost controls and prudent capital management while benefitting from high metal prices. As of the end of Q3 our cash balance was a healthy $54.7 million – more than doubling since December 2023 – and we have fully repaid the $20 million outstanding balance on our revolving credit facility, strengthening our liquidity and financial flexibility ...read more
(11)
•••
Patagonia75
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Comment by
Patagonia75
on Feb 27, 2019 6:54pm
RE:RE:RE:RE:RE:No stock symbol anymore...
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
...more
(0)
•••
bushhog1
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Comment by
bushhog1
on Jan 10, 2019 11:12am
RE:RE:RE:RE:No stock symbol anymore...
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
...more
(0)
•••
bushhog1
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Comment by
bushhog1
on Jan 10, 2019 10:53am
RE:RE:RE:No stock symbol anymore...
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")&
...more
(123)
•••
Oldfart74
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Comment by
Oldfart74
on Jan 10, 2019 9:14am
RE:RE:No stock symbol anymore...
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
...more
(0)
•••
afficheholderon
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Comment by
afficheholderon
on Jan 09, 2019 4:01pm
RE:RE:No stock symbol anymore...
"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
...more
(0)
•••
bushhog1
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Comment by
bushhog1
on Jan 09, 2019 3:39pm
RE:No stock symbol anymore...
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
...more
(32)
•••
mbuch
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Post by
mbuch
on Jan 03, 2019 9:42am
No stock symbol anymore...
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?
(32)
•••
mbuch
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Post by
mbuch
on Dec 10, 2018 9:06am
Can anyone shed some light on this?
This is the RBC disclaimer at the bottom of a section where you declare the name and number of shares. The bold underlined statement? Will I still be able to write off as a tax loss in my investment
...more
(0)
•••
afficheholderon
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Comment by
afficheholderon
on Nov 02, 2018 7:55am
RE:RE:RE:RE:RE:Anyone still holding their shares?
I am also holding my shares... Pancho, are you sure about it? Well, i keep my hope...
(17)
•••
EquityHawk
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Comment by
EquityHawk
on Oct 19, 2018 4:50pm
RE:RE:RE:RE:RE:Anyone still holding their shares?
I'm one of the idiots hanging on to hope still... what actions are forthcoming and when?
(0)
•••
Pancho2
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Comment by
Pancho2
on Sep 10, 2018 10:41am
RE:RE:RE:RE:Anyone still holding their shares?
Lightstream was not bankrupt, it was sold and the name was changed to Ridgeback Resources. Your shares were transferred over to this now private Company. Actions will be forthcoming so hold your
...more
(123)
•••
Oldfart74
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Comment by
Oldfart74
on Aug 24, 2018 9:41am
RE:RE:RE:Anyone still holding their shares?
Here is the process explained in very simple terms. https://www.taxtips.ca/stocksandbonds/worthless-shares-or-debt.htm
(0)
•••
Franky999
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Comment by
Franky999
on Aug 16, 2018 8:24pm
RE:RE:Anyone still holding their shares?
I still got them... tried to sell them on the open market so I could get a tax deduction but that failed... is there any point in holding them? Otherwise who can I contact to get the bacrupcy notice
...more
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