Lightstream Resources Ltd. LSTMF

Nothing left

[Whatamidoing1]

Lightstream's assets were sold to a new company without any securities being exchanged. Lightstream shares hold no value.

LSTMF shares are trading on a grey market which is an unofficial market. Gray (or "grey") market trading generally occurs when a stock that has been suspended trades off-market.

Investor Relations

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-----Original Message-----
From: 
Sent: Friday, January 06, 2017 9:10 PM
To: LTS Investor Relations
Subject: Shareholders 

Reading a forum and there is still a discussion going on about shareholder getting something. Can you set me straight as in shares are worthless getting nothing or there is something being worked on. And also if shares are done and worthless why are the ltsmf shares still trading?

Sent from my iPad

[reefsandals4eva]

https://www.mccarthy.ca/article_detail.aspx?id=4299

[afficheholderon]

in the normal course, the sale by a Canadian corporation of all or substantially all of its assets requires the approval of its shareholders by special resolution and may require other filings, approvals or consents (for example, those of stock exchanges, government authorities, joint venture partners or other contracting counterparties).

[reefsandals4eva]

I seriously wish I could find something that makes me give up on this. I think I may have but the use of the term "going concern" kind of steers me back. It looks like a regular merger or acquisition in a lot of ways. Feel free to post something where the assets can be sold without the shares when the company is a going concern. I'll be happy to read it, that's what I was looking

[Oldfart74]

Perhaps this article will help https://www.blakes.com/English/Resources/Bulletins/Pages/Details.aspx?BulletinID=1244

[reefsandals4eva]

@ Oldfart https://www.blakes.com/English/Resources/Bulletins/Pages/Details.aspx?BulletinID=1244 I'm reposting for others to read, I don't see where it mentions "going concern". It's interesting how the article you picked not once mentions shareholders.

[Oldfart74]

Pal, do your own google search "CCAA sale of assets". Numerous articles.  Enjoy your search.

[Whatamidoing1]

The only thing I made up on that post was the title and I removed my name. also I sent my message to [e-mail]

[Whatamidoing1]

I also have all of my shares still in my account 100,000 with a book value of $12,000.00 and 69,528 with a book value of $46.00

[reefsandals4eva]

Do you think they know? How do you know you're not getting an email from the janitor or a secretary. I actually thought everything in the email was probably true. They did sell the assets to another company. The shares of lightstream are currently worth little to nothing. Both statements are correct.

[reefsandals4eva]

Not one good thing has happened with it, no matter how much info I find that should suggest otherwise. It's time to push it to the side again.

[NeewNeew]

I sent this question [e-mail] and I got no reply: Any of the promises mentioned in the letter signed by John D. Wright on August 29 2016 will be upheld? (https://www.lightstreamresources.com/files/pdf/investor-relations/2016/2016-Management-Information-Circular.pdf)   Will the shareholders of Lightstream resources be given any shares in Ridgeback

[Oldfart74]

You may missed the various postings where it was noted that LIghtstream has no employees since all its assets have been sold to Ridgeback.  If you read the notices on the FTI website, you'll get all the info you need.  Cheers.

[NeewNeew]

They answer Whatamidoing1's question from jan 6 2016, I sent my question prior to that day :) Nothing left Lightstream's assets were sold to a new company without any securities being exchanged. Lightstream shares hold no value. LSTMF shares are trading on a grey market which is an unofficial market. Gray (or "grey") market trading generally occurs when a

[reefsandals4eva]

All lies get 5 stars

[afficheholderon]

You've got an answer from the IR?

[Whatamidoing1]

Maybe it was a simple enough question that they could answer. 

[afficheholderon]

Emm, I meant Neew neew's question...

[NeewNeew]

No answer yet ... 

[Whatamidoing1]

For a better chance of getting answered remove your first question or make it specific not just linked to a 277pg release. Also they don't make promises they make forward looking statements then cover their as s with a disclaimer at the end.