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Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)
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Lightstream Resources Ltd. LSTMF

Energy Oil & Gas E&P
"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

Lightstream Resources Ltd. > Questions for everyone here
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Comment by boarderex86on Jul 21, 2016 2:26pm
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Post# 25073280

RE:RE:RE:Questions for everyone here

RE:RE:RE:Questions for everyone hereThe court proceedings had to proceed before a default was officially triggered.  It would have been negligent to do otherwise.  There is a chance that an offer for the company shows up before any dillution occurs but it will be based off the equity conversion metrics.  The debt holders would need to end up further ahead but it is easier for everyone if someone showed up with about $1.5B.

I haven't spent any time on this myself but I still haven't seen anyone produce a reasonable valuation of the shares based on the proposed debt to equity conversion.   These low prices are making it more tempting to dig into the deal and make sure the market is pricing this right.  I'm not really convinced it is at this point.
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