Twin Butte Energy Ltd TBTEF

RE:RE:Lightstream in court

[HamSandwich]

Scottie99 wrote: I think the class action lawsuit can be filed against the former Board of TBE that they failed in their fudiciary duties to shareholders. If it can be established (and I think the circumstances are obvious) the former Board purposely push the company into receivership so they can buy back the company for cheap in receivership through a front company, then all hell would break loose on the class action lawsuit!

All that needs to be done is to follow the money. If the former Board is behind HOC that transformed to the newly created company that won the TBE bid, then the transaction can be questioned as fraudulent. Peters & Co. and CIBC along with FTI as the Receiver can be joined as co-Respondent in the class action lawsuit for facilitating the robbery against TBE shareholders. It would blow everything that happened and we suspected all along out of the water that I don't think the Bankruptcy Court would provide cover for the fraud that was perpetrated in the process.

That is all the class action lawyer for TBE shareholders have to do to obtain recovery for TBE shareholders. I am sure they would try to settle as fast as possible when the matter is pursued in a class action lawsuit. Everything that happened prior to, during and after the receivership process would have to be submiited to the Law Firm or Lawyer for the class action during discovery and the behind the scene manuever that took place for this daylight robbery would come to light!

So I would encourage those that would like to pursue the class action lawsuit should not be discouraged, it is not as hard as you would think. It just takes gut, determination on those that want to see this to a logical conculsion and you can bet that other shareholders and the public would stick with you! You just need to do the inital lifting first and it becomes easy once the matter gain traction and get a life of its own!

You won't regret it and the former Board would be exposed for this daylight robbery, to serve as an example for the serious securities crime that this is...

bojangle3 wrote: www.whitesecuritieslaw.com    they are suing their creditors. I guess we will have to file suit against the creditors, management, BOD, and fti.....and more perhaps. This is a good case to win, we stand to make a lot of money for no cost to shareholders.

To what end though?  You're going to go after board for personal liability?  Sure, but you're suing for pennies.  There's no money there.

And gmafb if you think you can sue your way into taking a piece of the debenutre holders pie.  FOH with that, you guys already stole a bunch of our money in the form of dividend payments that you should never have received when this company was on the ropes.