Lightstream Resources Ltd. LSTMF

S&P

[Smallplay]

 The following is a press release from Standard & Poor's: -- On June 15, 2016, Lightstream Resources Ltd. elected not to make an interest payment on its 9.875% senior secured notes due June. 15, 2019. -- As a result, we are lowering our corporate credit ratings on Lightstream to 'D' (default) from 'CCC-' and our senior unsecured issue-level ratings on the company to 'D' from 'C'. -- Despite the absence of a technical default due to the grace period following the missed interest payment, the downgrade reflects our view that Lightstream will not make this payment before the 30-day grace period ends, and that it will likely restructure its debt under bankruptcy protection or a similar scenario.                                                                                                                                                              Hope for the best, prepare for the worst.  

[survivor2015]

Very predictable from the S&Ps & Moodys. If it's not already priced in to LTS, I'll be buying a TON.  These credit rating agencies are a contrarian investor's best friend. And that's the good side of them.  Look at the movie "The Big Short" to truly understand them... I'm buying TBE and it's a highly risky stock and made good money on that one

[oilman53]

Going to 0 cents...  Very soon....

[DocMailloux]

Well what did you expect they pushed the paiement there in technical default thy have 30 days to cure it ... Your an expert remember , btw there in negotiations to do something about it it's not going to 0...

[survivor2015]

Doc, are you responding to a basher that should be ignored?  Anyone who has bothered to listen to the conference call would know they have a number of options. The bashers want to take over the company, assets or buy shares to cover short positions. Most shorts have already covered so any shorters here are novices.

[IAMWDW]

WOW

[PROtrading]

Wow!  I missed that one!  What's really interesting is the stock didn't tank!  All the sellers are gone. Just pennyflippers, contrarians and beat up long timers who know if they haven't sold now, they shouldn't be selling at the lows! Not volume - watch when that comes back! LOVE IT!