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Lightstream Resources Ltd. LSTMF

"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

Bullboard Posts
Post by heraclituson Apr 24, 2014 5:26pm
387 Views
Post# 22488471

taking lumps

taking lumpsWhy would anyone hold on to LTS when they have no confidence in management and almost no likelihood of replacing management.  Vote today - sell your stock, accept that you made a bad investment and move on.  There are lots of alternatives out there who have proven management. 

Let us say there was a miracle and this little revolt actually did get management to resign.  Then there would be the hunt for new managers.  As I said before new managers would likely be cronies of this management team or clones and that would not happen for months at least.  And then you have to wait a few quarters to see if the new management is any better than the old.  During that period of time the stock would be trading at $5 so you could sell now and buy back then and make some dough.  I can understand anger but I am having a tough time with stupidity.
Bullboard Posts