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."

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Comment by reefsandals4evaon Jan 23, 2017 9:52am

RE:RE:RE:RE:RE:RE:@wizthewiz go to Reports ,third monitor report pg10&11

I don't think so. The company is still a going concern. with everything I've read it's restored a bit of confidence in it. The steps they took back in July is why it moved so quickly, in ...more

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Comment by BluSky23on Jan 23, 2017 9:39am

RE:RE:RE:RE:RE:@wizthewiz go to Reports ,third monitor report pg10&11

The court through the negotiations can do anything they wish. All I am saying is that this is the only way I see benefit coming to the SH's. Other than that, the way I read it SH's are SOL.

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Comment by reefsandals4evaon Jan 23, 2017 9:36am

RE:RE:RE:RE:RE:RE:RE:@wizthewiz go to Reports ,third monitor report pg10&11

What I meant to say, The shareholders and unsecured can not stop the restructuring once it is in CCAA, bill C-47 if I remember correct. The minority shareholders can not stop a restructuring of a ...more

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Comment by reefsandals4evaon Jan 23, 2017 9:18am

RE:RE:RE:RE:RE:RE:@wizthewiz go to Reports ,third monitor report pg10&11

The secured and unsecured can not stop the restructuring once it's in CCAA, it did not die. That was a new bill that passed recently, as soon as it went to CCAA secured didn't need anyone' ...more

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Post by reefsandals4evaon Jan 23, 2017 9:16am

The Asset purchase agreement.

The asset purchase agreement would not exist without the July 16 2016 document. The document outlines a plan for everything that happened to this date, The secured getting the bid was the best thing ...more

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Comment by Oldfart74on Jan 23, 2017 9:15am

RE:RE:RE:RE:RE:@wizthewiz go to Reports ,third monitor report pg10&11

The July document has no relevance. When there unable to get unsecured note holders onside, it died. This entire process is now being managed by the September 26 initial court order. ...more

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Comment by reefsandals4evaon Jan 23, 2017 9:07am

RE:RE:RE:RE:@wizthewiz go to Reports ,third monitor report pg10&11

dissenting shareholders don't get "nothing" they get what they were offered for their shares. the secured are "out of the money" quoted from the third monitors report , the end ...more

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Comment by reefsandals4evaon Jan 23, 2017 8:58am

RE:RE:RE:RE:@wizthewiz go to Reports ,third monitor report pg10&11

in my opinion you keep making a mistake in your thinking. You seem to think this is a bankruptcy. The company is still a going concern. Shareholders are not last to get paid because it's not a ...more

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Comment by Oldfart74on Jan 23, 2017 8:57am

RE:RE:RE:RE:@wizthewiz go to Reports ,third monitor report pg10&11

Read the documents. How can shareholders be beneficial owners of secured debt? They are shareholders.

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Comment by BluSky23on Jan 23, 2017 8:35am

RE:RE:RE:@wizthewiz go to Reports ,third monitor report pg10&11

I have read all of the documents, and the way I see it is that the SH's can not receive cash as the unsecured need to be paid in full before a dollar trickles to us SH's....and that is not ...more

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Comment by Oldfart74on Jan 23, 2017 8:31am

RE:RE:RE:@wizthewiz go to Reports ,third monitor report pg10&11

You haven't read the latest report of the Receiver but you have no trouble in spouting nonsense from old reports. If you take the time to read the court order approving sale of assets and ...more

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Comment by Pancho2on Jan 23, 2017 1:30am

RE:RE:@wizthewiz go to Reports ,third monitor report pg10&11

Thanks Reefs, I have not read that report, but they mentioned in the Q3 2016 Balance Sheet report that the Liabilities subject to compromise was $1,337,015. Showing the Secured and Unsecured ...more

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Post by reefsandals4evaon Jan 23, 2017 1:01am

sidenote

everything I'm posting is just my opinion. I'm not a lawyer or finance person of any kind. I'm not trying to give false hope for the outcome. I'm not about to pump this stock. If ...more

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