Lightstream Resources Ltd. LSTMF

RE:Time To Focus On Debt Discussion

[Sonofmshade]

darkstream wrote: -they have a junior debt interest payment due on June 15 -does anyone know how much it is and can they find the money in less than 6 weeks? -they also need $121M due in less than 90 days -most deals take several months before cash changes hands -also the current LOC will again be cut in half in six months should they survive that long? -so the only solution would be to sell or give away enough of the company to raise $500M -dump the LOC and have enough to fund capex and buy back long term debt on the cheap -will everyone post their scenarios for survival -LTS actually watches this board lol

There are too many chefs in the kitchen. I would find a few groups who have faith and are willing to invest and work as partners and with the best interests of the company(or at least not actively sabotaging). Pay them well, protect their interests and then remove the LOC syndicate plus buy up as much of the the dirt cheap debt as possible and ensure that you have a stable amount of capital to work through the next few months.
You are then left with solid dependable partners, stable financing and less debt while we await the continued improvements of the industry. In the mean time continue with cost controls, and the plan to sell some assets as prices improve and on your terms.
There is alot of money to be made here for everyone if management/bankers work together and get rid of the vermin who are trying to destroy he company.