Lightstream Resources Ltd. LSTMF

RE:RE:RE:RE:confused about the 88 to 1 split

[Oldfart74]

Pancho2 wrote: From the article posted on Dec 8, 2016, that you quoted

"Ridgeback is a new private company established for the purposes of completing a credit bid for the assets and business of Lightstream on behalf of holders of the Secured Notes.
On the Closing Date, holders of the Secured Notes will be issued a pro rata number of common shares of Ridgeback based on the principal amount of Secured Notes held by them and the Secured Notes will be automatically cancelled"

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The article states that the Ad Hoc Committee (Secured Notes) will receive shares in the New Company based on the Secured Notes held by them.  Who then will receive the rest of shares?

Pancho, if a secured note holder has 5% of secured debt, they will receive 5% of the shares.  
I'm finished with this discussion.  The sale has closed and the sale agreement posted on the FTI website contained no words about shares in Ridgeback to be issued to,existing Lightstream shareholders.  As I posted before, you feel that as an existing shareholder of Lightstream, you are entitled to shares in Ridgeback.  Why don't you call FTI and ask them when they will be issuing shares to you?