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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 Pancho2on Nov 25, 2016 8:24am
200 Views
Post# 25512487

RE:RE:RE:Did Anybody else have a freak out?

RE:RE:RE:Did Anybody else have a freak out?Article stated "Still, management, directors and employees lost millions from their own investments in the process."

Management was not completely wiped out.

The way I understand it, is LTS got $1.35B deal for 97.75%
of the new shares. The old Shareholders will received the other 2.25%.
( about $0.15 per share)

Yes these guys have no shame, they revalued their assets very low and 
then sold out to the Secured Bondholders.

Good luck !!









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