Lightstream Resources Ltd. LSTMF

touchstone is petrobank and they transferred asset and share

[lightscam]

Liabilities Parent companies -- the shareholders -- are not traditionally held liable for the debts or actions of their subsidiaries. However, under common law, a court may "pierce the corporate veil" of the parent if it finds an appearance of impropriety through questionable share transfers or other fraudulent means of avoiding the subsidiary's liabilities. Courts might also subordinate the parent's debts to outside creditors if the parent has engaged in unfair conduct, such as influencing new creditors to extend credit to the subsidiary while knowing the subsidiary's poor financial condition.