Lightstream Resources Ltd. LSTMF

Old commons versus new commons

[PROtrading]

I hate to say it but the investment community in general isn't very smart.  Even institutional investors aren't smart and they play with other people's money.

I find the most dedicated investors or traders are those who have their own "skin in the game".

Well boys, I bet big time on BTE at the sub $2 when panic and capitulation was there, and I'm here today.

Let's do a bit of simple math, shall we and we watch for the buzzy bees and wasps.

Old commons.  Book value of $2.40 and outstanding shares of 198.60M

New commons, outstanding shares consolidated to 100M shares, 1/2, so book value gets cut to $1.20 per share. 

Now traders and waiting hands wanted to see this drop to 10 cents but it hasn't.  Why not?

[Moemoney42]

Actually the book value would double to $4.80/share if the share count drops in half.. duh! And as far as now owning 2.25% with 7.75% warrants... well that's pretty much where the stock price is trading at anyways!! There's no way that this company's value is at $.20/share with all the assets they hold. So in my opinion we really haven't lost anything if this deal gets inked. Of

[orlandofl]

Moe it wouldn't be $4.80 a share as that woudl be valuing the company at $4.8B - that's not going to happen - more likely to be between $1 and $2 a share for now.  Warrants are basically worthless as it isn't going to trade in double digits.