Lightstream Resources Ltd. LSTMF

RE:RE:RE:RE:RE:Parts are worth more than the sum...

[Darwyn]

In a lot of ways the similarities between the two companies perpetuated the problems both companies found themselves in. The BOD's entrenched due to the relationship with the CEO are not providing governance in the protection of shareholders interest. Their obligation is to hold senior officers accountable for the company's performance. Clearly this is not happening and if they are unwilling or unable to exercise these duties they should step aside. John Brussa's resignation provided the catalyst to bring a couple of key additions to the board and moved off a few directors just cashing director's fees. Dave Roberts was brought in from Marathon and has experience and reputation for driving operational efficiencies that one sees at Marathon. While it appears that JW has communicated a similar plan selling assets to reduce debt he has never demonstrated that he can drive efficiencies and manage debt. Roberts confidence and focus on CC's is compelling and beleivable, JW is neither.  Unfortunatley if this remains status quo then we can look for a takeover at a modest premium a la  Petrominrales (PMG) and that will be the end Petro dynasty.