Lightstream Resources Ltd. LSTMF

Lightstream share holders

[Lightstream]

I own shares in Lightstream that i got years ago when it was traded on the TSX.   I know it got delisted, did all the shares from lightstream get transfered to the new company RIdgeback?    

I tried selling the shares for nothing so i could use the capital gains loss but my TD Direct Investing webbroker wont allow me to sell the shares, even for nothing.  I was told they cant be sold. 

[AlexRox]

Even though you can't sell, there is a provision to elect those shares worth null in the Tax code.  You could talk to CRA  regarding that. 

[Pancho2]

I will wait until the Broker tells you the shares are worthless. -----------------------------------------------------------------------------------------------------  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

[Oldfart74]

For those who have capital gains, I recommend you claim a capital loss of this stock since it is worthless.. If you don't need to claim a capital loss, follow Pancho's advice.