Lightstream Resources Ltd. LSTMF

RE:RE:The offer isn't bad if you bought at the lows.

[survivor2015]

" Just an ugly situation I think for shareholders." So orlandofl, you work for one of the many US Hedge Funds working out of Florida?

Of course this is ugly.  It's been ugly for months.  The only thing that's important here he what happens from these rediculously low prices.  Do you bail out and put it somewhere else.  When I do that, I normally miss the upsides from these "doom and gloom" situation.  

I would say the secured bond holders are no amateurs.  

This situation was engineered.  But if gets approved, they effectively were able to buy a ton of shares at 19 cents without impacting the underlining share price. So the secured bond holders know the value here and are trying to get at it on the backs of shareholders.  

This was always a long shot for me,  I did well in the 2009 recoveries but I was staying away from the more speculative stocks.  This time around, I did well on PWT and another attacked stock.  Time will tell on this one and another one that's been a lottery ticket winner (small time).

I expect the deal to be improved on especially if oil recovers.  This is just like TBE.  "Trash and buy". Pure market games but these "market players" are not getting my shares cheap.  The stock wants to shoot up and any positive news will get that done.