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Bullboard - Stock Discussion Forum 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 Discussion

Lightstream Resources Ltd. > What Are The Criminals Up To?
View:
Post by darkstream on Aug 18, 2016 9:01am

What Are The Criminals Up To?

-all quiet on the Western Front -no news for over a week
Comment by bushhog1 on Aug 18, 2016 10:14am
The Company has a net Asset value of about $3.5B.  The writeoffs were non cash writeoffs because of fallen oil prices and the Canadian mark to market accounting rules Lightstream is proposing to give 95% of this value to the Secured Bondholders for $650us. Why? Oil prices is going back up and so are the Assets' valuations Is Lightstream working for the best interest of Shareholders ...more  
Lightstream Resources Ltd.
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