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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 21, 2016 9:23am
150 Views
Post# 25071630

RE:Why is LTS Management destroying their Shareholders?

RE:Why is LTS Management destroying their Shareholders?Are Shareholders going to vote yes to destroy themselves?

We seen the share prices tumble from about $35.00 to 16 cents 
over the last 7 years.

The few weeks, before this Restructure Announcement was announced,
LTS share price fell to about 18 - 20 cents
Volune of shares sold, crossed, or traded below 20 cents was about 15M.

So it was cleared up to then that only about 15M shares were bought
below 20 cents.

Management quickly jumped in and propose to sell new shares to Bondholders
that equate to Billions of current shares below 19 cents

But the Remaining  183.5M Shareholders (198.5M - 15M) bought over 20 cents
Why would they want to vote yes to sell at 19 cents?

Only my opinion


 


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