Lightstream Resources Ltd. LSTMF

LTS true Net Assets' valuation is over $2B

[bushhog1]

From 2013 to date, LTS made  non cash writeoffs of about $3B
Comprised of $1.6B on tangible Assets ( Assets revalued down with fallen oil prices)
and Intangible Assets of $1.3B
 

 Tangible Assets and Intangible Assets (Patents, Rights and Goodwill) 
 have value if they are still in possession by the Owners.

Most of these assets' write offs will be written on back once when oil goes up

Added to the last Financial Statement's Equity valuation, LTS
true Equity valuation should be way over $2B worth.

So why is this Recapitalization is valuing present Shareholders from about $2B

to just $37M with this new proposal?

-----------------------------------------------------
The CFO said in 2016 at the Q4 2015 CC on
Properties, Plants and Equipments
Impairment losses related to PP&E can be reversed in future periods

https://seekingalpha.com/article/3955626-lightstream-resources-lstmf-ceo-john-wright-q4-2015-results-earnings-call-transcript?part=single

Only my opinion

[ltrabs]

Keep in mind where the inflated assets came from ....  They were spun off to the public from Patrobank to create Patrobakken  Wright was playing games with wells flow rates and reserves .. even back then  And what did Petrobank do with these huge proffits under Wright's guidance?  The usual ... Petrobank is now worthless,  

[oilman53]

ah ah Petrobank and their Thai Capri patent that was going to revolutionize heavy oil extraction!  They manage to keep that smoke and mirrors game going for 10 years!  Proved out to be totally worthless...