Lightstream Resources Ltd. LSTMF

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:On A Few Green Days

[blade86ca]

Yes I remember that assest sale to CPG just prior to the oil collapse very well. That IMO was pure luck on LTS part.

The only reason they sold assests was definetly not because Wright and BOD actually thought about protecting the balance sheet. They did the sale because the market itself had been constantly sending a message to LTS ( via analysts , money managers etc) that they had too much debt relative to their peers even when oil was over 100$ and should bring the debt down to give the company a better market valuation ( you will see the SP trended lower and lower even when oil was above 100$ , their huge debt levels were one of the reasons for that ). You can go on google and search up news articles about LTS or PBN (Petrobakken , its former name) and read their comments for youself.

No one can predict where oil prices will go in future , but a good management team can predict with action on their part how the balance sheet of a company will be in the future ( companies such as WCP , SGY , TOG  for example did the right things) . Wright failed  even after the market was telling him his debt levels were too high which shows he got a huge ego problem and that has basically destroyed this company.