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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

Post by bushhog1on Jul 21, 2016 8:39am
200 Views
Post# 25071495

Why is LTS Management destroying their Shareholders?

Why is LTS Management destroying their Shareholders?Conversion from old Shares to new Shares.

  Old Shares                       New Shares
   198,500M                            2,350M
       1 share              =         0.01183879093
       1000 shares      =        11,83879093
      10,000                =        118 (approx)

      50,000 current shares  =     592  new shares

According to my calculator
______________________________________________________
      
Management borrowed Billions of Dollars  from Shareholders, Banks
and Bondholders over the years to run the Company, believing
borrowing to run a Company is a good way to grow and be profitable.

Now management suddenly sees the need not to borrow anymore, so 
they decided to destroy the present shareholders and bring in
New Shareholders
______________________________________________________


Only my opinion






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