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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 BluSky23on Jan 01, 2017 3:47pm
170 Views
Post# 25658052

RE:RE:RE:Did the shareholders ever vote for the restructuring?

RE:RE:RE:Did the shareholders ever vote for the restructuring?Yes, I believe SH's have to be in the game because of these statements above. SH's cannot receive cash ahead of unsecured, but can receive ownership. I think the fact that Ridgeback dismissing the LTS board shows it bought the company. I don't expect LTS to file bankruptcy now, as it has no debt and Ridgeback will fund an orderly shut down. Will be interesting to find out, likely this week.
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