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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."


GREY:LSTMF - Post by User

Lightstream Resources Ltd.
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Comment by heraclituson Apr 20, 2014 7:53pm
266 Views
Post# 22470929

RE:Lightstream: VOTE NO

RE:Lightstream: VOTE NO
I have heard it said before on the BB that directors have an option to buy shares at an exercise price of $0.05/share.  I need more detail on that because it seems quite astonishing.  Is it indeed an option to buy shares outright for $0.05/share or is it a purchase price to obtain an option to purchase shares at a far higher price in the neighbourhood of FMV?  Or is it an option in lieu of directors fees?  If that, how many options are out?  Can you refer me to the documents so I can see for myself the degree of slime in this.
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