Post by
quicksilver545 on Mar 08, 2017 6:59pm
Excluded Assets
I'm a deep value investor, and decided to look into this company to see if there was any value left.
After investigating a bit into the recent "sale/theft" by Ridgeback resources, I was curious to see if there would be any assets left in the shell.
What I found was a document detailing 2 "excluded assets" from the purchase agreement:
1. Partnership Interests in the LTS Resources Partnership and Bakken Resources Parternship.
2. Shares in the capital of 1863359 Alberta Ltd and 1863360 Alberta Ltd.
Not sure why these were excluded, or if they have any value whatsoever in the remaining shell, but was curious if anyone knew their worth.
Anyways, best of luck, and sorry to those of you that were common shareholders... By the way things went, I think there's pretty good grounds for a lawsuit.
Comment by
lightscam on Mar 10, 2017 7:28pm
Quicksilver where did you find the excluded assets info. If LTS resource partnership is excluded that means that the assets still exist somewhere and where did the assets go. Who ended up getting the excluded assets?
Comment by
lightscam on Mar 10, 2017 7:40pm
https://cfcanada.fticonsulting.com/Lightstream/docs/Schedules%20combined%20Final.pdf Found it the excluded assets were most of lighstream assets. This is nuts, l have a document that shows that LTS partnership includes all of the assets in 2013 so what is going on?