Lightstream Resources Ltd. LSTMF

RE:RE:RE:RE:RE:RE:Recapitalization question for Pancho2

[Pancho2]

In the last LTS Q3 Financial Report dated 3rd Nov 2016
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"The Company also obtained approval of our proposed sale procedures which are a continuation of the sale and investment solicitation process that commenced on July 13, 2016 to generate interest in and potentially divest the business and/or the assets of the Company, with the goal of maximizing value for all stakeholders of the Company. In accordance with the terms of the Support Agreement, the members of the Ad Hoc Committee submitted a credit bid (the “Secured Credit Bid”) for the full amount of the claims outstanding in respect of the Secured Notes and debt in priority to the Secured Notes"
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The Credit Bid was approved during the same month, and the Court appointed Monitor is overseeing the Sales of LTS and the old Shareholders
will receive their shares in the new Company as agreed upon in the Support Agreement made July 13, 2016.

Its another matter if the New Company will try to swindle the old Shareholders.