Lightstream Resources Ltd. LSTMF

RE:RE:RE:What's the hold up?

[BluSky23]

I am not sure what you guys have been reading, but the document online are clear. Ridgeback through CCAA stripped out the assets with value, and left LTS dry. That is the process. Dec 8 pro-rata share offering is for secured debt holders, and part of the purchase agreement states the support agreement is in full force...meaning if SH's didn't approve, will not replicate. The only sliver of hope I have is the the judge made the shareholders a beneficial owner through the process. I only have slight hope because none of the documents are clear about existing shareholders. We know we can't get cash before unsecured (or shouldn't). It does seem dirty because it is more than an asset sale as they acquired assets, customers, employees....goodwill. Anyways, I hold slight hope.....but still think SH's need to file class action against the officers of the company.