Lightstream Resources Ltd. LSTMF

honest questions

[jack20]

crowbar29: You make good points. In the last 2 years almost every LSTMF press release has had negative connotations. Reduced dividends, reduced production, screw ups at Swan Hills etc. I think management has chosen death by a thousand cuts. Even when they announce good news, ie asset sales at above mkt. prices the stock goes down. You make two excellent points: First, they should have cut the dividend to zero. Every penny counts when your life is on the line. Second, they should be held accountable for not hedging more. A company this far in debt should have been hedged 75-100% 6 months out, and at least 50% 12 months out. They are 38% in 1H'15 at $81 floor, and 24% in 2H at $80 floor. Last but not least they should have announces lay offs, a 10% salary cut, and a BOD willing to serve for $1 in '15. Then we would know they knew how serious the situation is. Last Spring I tried to convince everyone to vote against the BOD. In fact they got a higher % than the year before. We owe these guys nothing. Maybe this year!!!