GREY:LSTMF - Post by User
Comment by
bushhog1on Aug 18, 2016 10:14am
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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