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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 Oldfart74on Jan 26, 2017 12:39pm
140 Views
Post# 25759044

RE:RE:RE:RE:RE:RE:@bluesky sept 19

RE:RE:RE:RE:RE:RE:@bluesky sept 19
Pancho2 wrote: The Monitor is present only during a Court proceedings to ensure
all the parties do what they said they will do.

We already knew that all what was agreed upon was carried out
as reported.
----------------------------------------------------------------------------------------------
Again
"Marketwired - Nov 22, 2016) - Lightstream Resources Ltd. (the "Company" or "Lightstream") announces that the sale procedures under the Companies' Creditors Arrangement Act ("CCAA") have concluded and that the credit bid ("Credit Bid") submitted by the ad hoc committee  is the successful bid."

We already knew that the Credit Bid is a replicate of the Support Agreement that highlighted
what Shareholders will get.

Yes if we are not satisfy with what we will get then we can seek legal actions, but its better to 
wait until the restructuring is completed. This will be around the time the Company will report
ther Q4 Financials


You are wrong Pancho with regards to the duties of the Monitor.  On Dec 8, the Monitor was granted additional powers and is now running Lightstream.  The sale closed at the end of the year and the Monitor is now derterming the validity of liens filed by trade creditors which be paid from The Reserve Account.  A Holdback Account was established to enable the Monitor to wind down Lightstream with the expectation that this would be completed by Many 31.  Lightstream is now in the Wind Down stage.
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