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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 Aug 18, 2016 10:14am
350 Views
Post# 25153779

RE:What Are The Criminals Up To?

RE:What Are The Criminals Up To?The Company has a net Asset value of about $3.5B. 

The writeoffs were non cash writeoffs because of fallen oil prices
and the Canadian mark to market accounting rules

Lightstream is proposing to give 95% of this value to
the Secured Bondholders for $650us.
Why? Oil prices is going back up and so are the Assets' valuations

Is Lightstream working for the best interest of Shareholders?

Only my opinion






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