Lightstream Resources Ltd. LSTMF

RE:last chance would be Feb. emergency opec meeting

[bushhog1]

I disagree with you a bit, Orlandofi.

Most of their losses were non cash. LTS was one of the few Oil Companies
that revalued their Assets downwards thus the big write offs.

I don't know why Management went on a write off spree, but I 
hope its  for the tax credits and not to sell out the Company to their 
Friends ...cheap.

However the write off caused Shareholders' Equity to sink thus making 
the Debt looks big compared to its Equity. ( Debt to Equity)

Presently they only have $350M Debt to worry about and they will be able
to pay down another $50M of this by the end of Q4. This Debt this due to be revalued 
in June 2016. The remaining Debt ($903M us) will come due in June 2019.

The Company is not going bankrupt.