Lightstream Resources Ltd. LSTMF

RE:RE:RE:Shareholders should vote NO

[PROtrading]

 Yep, looks like they are going the TBE route and not the PWT route.

You got to wonder who hired the professional bashers!   If you're in at these sub 20 cents, you'll go fine.  If you were expecting to go back up to $2 (or old book value), it's not going to happen very fast.

bushhog1, they want the last remaming shareholders to say "I give up" and sell.   There are waiting hands to take your undervalued (on purpose) shares here.

They were caught up in the global oil market manipulation of 2015 and underestimate the big oil short because of oil overinvestment in 2013 & 2014.

bushhog1 wrote: Something is wrong here, there needed to be an investigation.

LTS revalued and wrote off their Assets ( tangibles and intangibles) by about $3B
 since 2013. This dropped their Valuation ( B/V ) to $2.40 per share.
They claimed it was because of lower oil prices.

Presently oil prices have climbed back up to around $45 from about $26.00 low.

So instead of hearing that they will revalue their Assets back up from $2.40
because of higher oil prices, they are trying to say that LTS is worth about $0.19 per share based of Market Capitalisation.

Now it appears that LTS don't believe their own book valuation, instead
they believe in Market Cap and that the stock is only worth about $0.19.
Why keep Financial Statements and shown LTS is worth $2.40 if
you believe in Market Cap?

One Bank cut their LOC Limit causing an over drawn situation of only $120M
on a Company worth Billions, and this is the best way to handle it.

LTS is not a penny stock Company and we have seen lots of smaller Companies
who defaulted on bigger Debts still in operation

Yes, it look very suspicious how the stock price was held between 18 -20 cents
on low volume and Management decided to value it at that price.

Now I don't believe in the voting system either.


Only my opinion