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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

Comment by bushhog1on Jul 14, 2016 4:29pm
279 Views
Post# 25053808

RE:Blame management!

RE:Blame management!
LTS Debts ( Secured and unsecured Bonds) were due till in 2019
and they had no problem paying their interests.
Even in Q1 2016 when Oil  prices were at its lowest they were making their
interest payments.

Oil is on its way up, why this rush to pay off their Bond Debts, that is due in 2019,
right now.

In Q2 2015 last year LTS had no Secured Bonds Debt.

Now the Secured Bondholders have us$650Mln Secured Bonds, and LTS wants them to own 95% of the Company.

Issuing Billions of shares to dilute the present Shareholders is not right.




Only my opinion





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