Lightstream Resources Ltd. LSTMF

Energy Oil & Gas E&P

"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."

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Lightstream Resources Ltd. > So what now?

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Comment by UniverseofLimeson Aug 16, 2016 10:40pm

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Post# 25148590

RE:RE:So what now?

Again, look at the graph since inception of Lightstream, formerly Petrobakken, and decide if you think this company has ever worked for the shareholders. Wright has only and will only destroy shareholder value, yet the shareholders pay him to continue working his magic and his magic always translates into a red colour on the exchange with a graph that looks like a cascading waterfall.

bushhog1 wrote: 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.