Lightstream Resources Ltd. LSTMF

RE:pure english understanding

[omgapt]

Silly2016 wrote: In the event that the Secured Credit Bid is the successful bid, the entity through which the Secured Credit Bid is completed will commit to replicate any consideration that was offered to the Unsecured Noteholders or Shareholders in the CBCA Plan Transaction as part of the Secured Credit Bid, provided that the consideration will only be available to the Unsecured Noteholders or Shareholders if they, as a class, approved the CBCA Plan Transaction at the requisite levels at the meetings held by Lightstream to approve the CBCA Plan Transaction.

Since the unsecured note holders didn't approve the CBCA plan, they screwed shareholders out of any piece of the pie with the CCAA plan. Here is hoping they get none of it too. The company at least tried to give some pittance to the shareholders, but the unsecured noteholders shut that down.