GREY:LSTMF - Post by User
Post by
blade86caon Jul 21, 2016 12:25am
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Post# 25071057
LTS down 9% because of this news release
LTS down 9% because of this news releasehttps://boereport.com/2016/07/19/clash-of-hedge-funds-redefines-distress-in-lightstream-debt-swap/
The largest Second lien debt holders of LTS is hurting badly from this deal and will most definetly vote it down , Bankruptcy is basically now assured and that is probably the only way they get any $ out of Wright's pocket.......... which means shareholders get 0.........
Wright is not only a horrible CEO but a horrible negotiater as well ( the first lien debt holders basically bullied him into a deal ) , its one thing to be horrible at your own job but to demand million $$ salary is disgusting. Will never touch any company either he or any of his golfing buddies on the BOD are involved with.
I lost around 5 k when this goes to 0 or gets delisted. Thank god I used my brains years ago and put most of my $$ into other oils and ETF's