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Bullboard - Stock Discussion Forum Lightstream Resources Ltd. LSTMF

"Lightstream Resources Ltd is engaged in the exploration and development of oil and natural gas in Western Canada. Its operating areas include Southeastern Saskatchewan, Central Alberta, and North-Central Alberta."

GREY:LSTMF - Post Discussion

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Post by orlandofl on Jul 13, 2016 10:28am

hmmmmm

I figured any announcement other than bankruptcy would be a positive and a positive on the share price.

I saw bankruptcy, breakeven deal or winning deal.

I was wrong - bankruptcy would be the worst, then this is inbetween bankruptcy and a break even.  Pathetic management.
Comment by bullmarkets on Jul 13, 2016 10:31am
of course -- this way when they eventually get fired.  they get a severance package ( which i am sure is golden)..
Comment by orlandofl on Jul 13, 2016 10:46am
who knows if Wright gets incentive shares to cover his a$$ in the deal - we should have gotten closer to 10% not 2.25% - I guess we get to vote it down and see if they can do a new deal.  I think the bond holders and Wright are screwing the shareholders.  AT $2 after conversion - debt holders would be hodling about $1.95B in value and a profit, while stock holders would be at about 9 ...more  
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