Lightstream Resources Ltd. LSTMF

RE:RE:RE:RE:Liars continue to lie

[Sonofmshade]

For all the people who got screwed here - I hope you are right. But reality is that the game is probably up and has been set up so for quite awhile.
I would not overcomplicate things too much here though as far as what has happened. This has been a methodical organized takedown of a company from its shareholders by the first debt holders in concert with management. Starting with the  rapid and severe removal of the LOC which went from large surplus to being overdrawn. They also dramatically reduced the asset values when oil was at its low and did not bother to revalue when it recovered.This was followed by managements non existant attempts to sell any assets or the company in order to deal with the 120 million LOC short fall. Many other companies were able to sell assets at good valuations to mend their sitution and protect shareholders(Penn West to name one in almost the same situation)
But Wright, Ruttan and company?Their solution to deal with the LOC shortfall is to essentially push the company into bankruptcy so that they can give all its assets to first lien and retain ALL of their jobs in a very conveinent quid pro quo. Oil over $55.00 already and you can bet they will do a public offering in the next year or two and get rich all over again.
This is so clear and blatent that if anyone had motivation and deep pockets(looking at you second tier debt) these guys should be subject to a classic class action suit and many of them in jail. Our securities regulators if so inclined would be able to pretty quickly connect the dots here if so inclined. These lying, criminal scum are no better than the phone scam guys or the people that show up to your elderly parents house to try to fix their roof or driveway etc.....criminal lowlifes and I truly hope they and all near and dear to them get repaid in spades. Karma style. They truly should be ashamed for stealing from all these people who they were supposed to protect. Fiduciary duty does not apply to John Wright and his henchmen.