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Lightstream Resources Ltd. LSTMF

"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."


GREY:LSTMF - Post by User

Comment by bushhog1on Aug 16, 2016 4:50pm
308 Views
Post# 25147548

RE:So what now?

RE:So what now? 3.5 years ago, LTS had about $3.5B worth of Assets.

Since then they revalued and wrote off all their Assets.

They still have all these Assets (included tangibles) plus additions

Now they trying to sell 95% of these Assets to the Secured Bondholders
for $650us

Lightstream surely is not working for Shareholders.

Interesting to see them pull this off.









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