Lightstream Resources Ltd. LSTMF

Management proposal a Big Joke

[bushhog1]

What the Secured Bondholders will get, if this deal goes through

Present Shareholders Equity ( Q1 2016)          =    $  475M
Bondholders bring New Equity ( $904M us)     = $$1,175M                      

Total New Equity                                       = $1,650M

Secured Bondholders will received 95% of New  Equity  = $1,567.50M

LTS borrowed $650us from Secured Bondholders a year ago and will now
give them $1,567.50 cad in Equities for that

Secured Bondholders will get about 100% return in 1 year.

Couldn't LTS get a Lender to lend them $120M loan to cover LOC shortfall
at a lower rate.

Only my Opinion