Lightstream Resources Ltd. LSTMF

RE:No stock symbol anymore...

[bushhog1]

What happed to your Shares

In your brokerage account the shares magically go away and you get a credit for the cash amount of the private buy-out or if you hold an old-fashioned certificate, you get a check in the mail (might have to sign the certificate over)
Another thing that also happens is that hedge funds step in and buy up all of the public shares they can get minus about 1% of the price. In other words, they keep buying until the price reaches 99% or more of the buyout price and then they stop buying. They apparently make enough money doing this even though 1% and often less than 1% isn’t much margin — I think they catch enough people who didn’t hear about the buyout and give up their shares for 90% or 95% of the buyout price. Then they cash in their huge new bucket of shares for 100% of the buyout price when the deal closes.

https://www.quora.com/What-happens-to-public-shareholders-when-a-public-stock-goes-private