GREY:LSTMF - Post by User
Post by
NeewNeewon Dec 31, 2016 11:25pm
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Post# 25657495
Did the shareholders ever vote for the restructuring?
Did the shareholders ever vote for the restructuring?Shareholders get the 2.25% only if they voted for the recap deal as per:
"The members of the Ad Hoc Committee have agreed that, subject to the terms and conditions of the Support Agreement, in the event that the Secured Notes Credit Bid is the successful bid, they will replicate the consideration 4 offered to Unsecured Noteholders or Shareholders in the Recapitalization as part of the Secured Notes Credit Bid, provided that, the Unsecured Noteholders or Shareholders, as the case may be, previously approved the Recapitalization at the requisite levels at their respective special meetings held to vote on the Recapitalization." (from https://www.lightstreamresources.com/files/pdf/investor-relations/2016/2016-Management-Information-Circular.pdf - August 29)
Did we ever hold a vote for or against recap?
From what I remember board kept postponing the anual meeting.
Any other info about the vote out there?