GREY:LSTMF - Post by User
Comment by
bushhog1on Nov 27, 2015 10:19am
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Post# 24331236
RE:RE:For energy investments, we may be at peak pessimism
RE:RE:For energy investments, we may be at peak pessimismAnother thing Nuttal was pushing Batex as oppose to Lightstream,
Comparing
LTS BTE
Assets $6,439 $7,149
Writeoffs & depreciation $3,812 $1,442
Net Assets $2,627 $5,707
Thiese huge write offs by LTS has shown their Equity way smaller
to their Debt. Thus a high Debt to Equity ratio.
Lots of Oil Companies did not went on a writeoff spree like Lightstream (mark to market)
However Lts still own those Assets.
House of Fraud please please read their reports, the Company
has ample cash flow that they are using not only to pay their expenses, but
also their Debt.
Only my opinion