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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 darkstreamon Aug 06, 2016 10:02am
362 Views
Post# 25116475

Apollo Blackstone& Mudrick Capital Battle Royal

Apollo Blackstone& Mudrick Capital Battle Royal Apollo&Blackstone own 500M secured debt-Mudrick has 1B unsecured debt -secured offered 95% of company -Mudrick offered 2.5% -Mudrick pissed-Wonder Why? -unsecured debentures selling at $7 per hundred -bankruptcy gets Mudrick close to zero so why not offer them $15-$20 for their worthless debentures and get them out of the picture? -this current proposal could drag out indefinitely with CCAA the next step
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