Lightstream Resources Ltd. LSTMF

RE:RE:RE:RE:RE:Recapitalization question for Pancho2

[afficheholderon]

I am interested to see what is going to happen (in view of the higher commodity prices). Does anyone have an idea?

[Oldfart74]

The higher commodity prices has no impact on Lightstream shares since all the Lightstream assets have been sold to the creditors. Don’t forget to claim the capital loss when you file your tax return.

[Pancho2]

In the last LTS Q3 Financial Report dated 3rd Nov 2016 ______________ "The Company also obtained approval of our proposed sale procedures which are a continuation of the sale and investment solicitation process that commenced on July 13, 2016 to generate interest in and potentially divest the business and/or the assets of the Company, with the goal of maximizing value for all stakeholders of

[Pancho2]

Remember what was sold to the New Company as per Credit Bid was not the old Shares, but the Debt " In accordance with the terms of the Support Agreement, the members of the Ad Hoc Committee submitted a credit bid (the “Secured Credit Bid”) for the full amount of the claims outstanding in respect of the Secured Notes and debt in priority to the Secured Notes" The Old Shares were

[Oldfart74]

In actual fact, the exact opposite occurred.  Every asset owned by the company was sold to the creditors in exchange for the debt.