GREY:LSTMF - Post by User
Comment by
Pancho2on Dec 30, 2016 5:11pm
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Post# 25655448
RE:RE:RE:RE:RE:News
RE:RE:RE:RE:RE:NewsYou right about the unsecured Noteholders, if the Ad Hoc did not settled with them, then they will
have to take what was offered to them under the proposed Sale Transaction (CBCA)
Which was
The Unsecured Noteholders will hold a total of 2.75% of the then-outstanding Common Shares in addition to Series 1 warrants equal to 5% of the total number of issued Common Shares.
I was more concerned about the Shareholders and we will get
existing Shareholders will hold a total of 2.25% of the then-outstanding Common Shares and existing Shareholders will also receive Series 2 warrants equal to 7.75% of the total number of issued Common Share.
I agreed we had no say and have to take what we will get, but the Unsecured Noteholders
were putting up a fight and in the Q3 report it showed the Secured Noteholders and Unsecured noteholders as one total ($1,337M) and the Media reported that Lightstream sold most of their Assets for $1.5B, so its likely that they were paid off by the Ad Hoc Comittee.
Only my understanding.