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."

GREY:LSTMF - Post by User

Lightstream Resources Ltd. > @wizthewiz go to Reports ,third monitor report pg10&11

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Comment by reefsandals4evaon Jan 23, 2017 8:58am

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RE:RE:RE:RE:@wizthewiz go to Reports ,third monitor report pg10&11

in my opinion you keep making a mistake in your thinking. You seem to think this is a bankruptcy. The company is still a going concern. Shareholders are not last to get paid because it's not a bankruptcy, the 43 page document I posted actually explains why they aren't allowed to stop a restructuring of a company. Air Canada Corp has a very similar case in which shareholders were left out of the restructuring but the secured were not paid in full after the restructuring, lightstream is different than this because both secured and unsecured are paid. Read the July document on sedar very carefully. Pancho2 has been saying this the whole time and I've been disagreeing with him. Now I think he's 100 percent right.

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