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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 Oldfart74on Dec 26, 2016 5:01pm
186 Views
Post# 25643922

RE:RE:RE:RE:RE:What Shareholders might get

RE:RE:RE:RE:RE:What Shareholders might get
Pancho2 wrote: Hi Fart, 

I am just copying and posting what the Company posted.

If you look at the Q3 2016 Balance Sheet, it clearly stated that "Liability subject to 
compomise was $1,337.05. ( UnsecuredBonds and Secured) 

So if you are an unsecured Bondholders you were paid off by the Secured Bondholders
(Ad Hoc Committee).

If you are a Shareholder with 100,000 shares, you will get about (100,000 /88)
1,136 shares @ $13.67 =$15, 529.
Plus 4.4 times in warrants.

But if you are Fart, you still full of it.

Only my understanding.






Why post old news which has subsequently been superseded?  The Dec 8 press release is the one that counts.  It was issued after the court approved the sale of the entire assets to the secured Bond holders.  Keep living in fantasyland but eventually you'll understand that your shares are worthless.
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