Lightstream Resources Ltd. LSTMF

RE:RE:RE:RE:RE:@wizthewiz go to Reports ,third monitor report pg10&11

[Oldfart74]

reefsandals4eva wrote:
in my opinion you keep making a mistake in your thinking. You seem to think this is a bankruptcy. The company is still a going concern. Shareholders are not last to get paid because it's not a bankruptcy, the 43 page document I posted actually explains why they aren't allowed to stop a restructuring of a company. Air Canada Corp has a very similar case in which shareholders were left out of the restructuring but the secured were not paid in full after the restructuring, lightstream is different than this because both secured and unsecured are paid. Read the July document on sedar very carefully. Pancho2 has been saying this the whole time and I've been disagreeing with him. Now I think he's 100 percent right.

The July document has no relevance.  When there unable to get unsecured note holders onside, it died.  This entire process is now being managed by the September 26 initial court order.  That is the actual date this restructuring started.  Go to FTI website.  Nothing before September 26