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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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Bullboard (GREY:LSTMF)
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reefsandals4eva
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Comment by
reefsandals4eva
on 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
(0)
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BluSky23
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Comment by
BluSky23
on 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.
QMET has 11 claims and 633 hectares Property in Ville-Marie, Quebec Hydrogen Camp
posted Nov 25, 2024 9:00am by
Q Precious & Battery Metals Corp.
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|
The Company is pleased to discover that their Lorrain claims are now within the new and exciting exploration for hydrogen in the Ville-Marie, Lorrainville and Béarn region of Quebec. The region has undergone a claim staking rush following the ...read more
(4)
•••
reefsandals4eva
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Comment by
reefsandals4eva
on 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
(4)
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reefsandals4eva
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Comment by
reefsandals4eva
on 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
(4)
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reefsandals4eva
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Post by
reefsandals4eva
on 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
(123)
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Oldfart74
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Comment by
Oldfart74
on 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
(4)
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reefsandals4eva
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Comment by
reefsandals4eva
on 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
(4)
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reefsandals4eva
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Comment by
reefsandals4eva
on 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
(123)
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Oldfart74
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Comment by
Oldfart74
on 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.
(0)
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BluSky23
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Comment by
BluSky23
on 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
(123)
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Oldfart74
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Comment by
Oldfart74
on 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
(0)
•••
Pancho2
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Comment by
Pancho2
on 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
(4)
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reefsandals4eva
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Post by
reefsandals4eva
on 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
(4)
•••
reefsandals4eva
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Comment by
reefsandals4eva
on Jan 23, 2017 12:34am
RE:@wizthewiz go to Reports ,third monitor report pg10&11
The unsecured have been bought out. not coming with the new company.
(4)
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reefsandals4eva
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Post by
reefsandals4eva
on Jan 23, 2017 12:34am
@wizthewiz go to Reports ,third monitor report pg10&11
https://cfcanada.fticonsulting.com/Lightstream/default.htm
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