GREY:LSTMF - Post by User
Comment by
Oldfart74on Jan 26, 2017 3:19pm
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Post# 25760308
RE:RE:confused about the 88 to 1 split
RE:RE:confused about the 88 to 1 splitPancho2 wrote: Lightstream presently has 199M shares
In the new Company this equates to 2.25M
199m / 2.35 = 88 approx.
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OldFart, please stop beating around the bush, and tell us
where did you get the information that Shareholders will get nothing?
I read the sale agreement between Lightstream and the secured note holders. This agreement was approved by the court on Dec 8. It provided that all the assets of Lightstream would be purchased by Ridgeback in exchange for the secured notes. With regards to a rollback of Lightstream shares, this was based on an agreement which is no longer in effect. The Monitor is authorized to take the necessary steps to wind down Lightstream. In a few months, it will no longer exist.