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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 darkstreamon Jul 24, 2016 11:44am
228 Views
Post# 25079588

RE:RE:Who is going to lose more?

RE:RE:Who is going to lose more?-the unsecured debt holders will also get zero if this deal falls apart -the secured debt would not even break even should the properties go to auction in this environment -it is all based on a hope and a prayer that prices recover? -as of July 15 LTS Credit Facility has gone from a Billion+ to zero -this latest court process most likely drag on into the New Year -consider why LTS has kept $30M in its general account and made no attempt to make partial interest payment debt? -its because Wright is praying to get Voted Out next meeting and walk away with his multi-million dollar buyout -the whole board of LTS wants to leave with a piece of that 30M in their back pocket
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