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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

Lightstream Resources Ltd. > Shareholders should vote NO
View:
Post by Sonofmshade on Jul 14, 2016 7:23am

Shareholders should vote NO

Rather let it all go down the tubes and let bankruptcy sort it out - than have first lien walk away with it all while everyone else gets f*cked - with the weasal Wright keeping his job.

First Lien does not want this to go bankrupt anymore than anyone else. Its poker pure and simple and one side is trying to steal thsi company. Everyone have the b*alls to vote NO.
Comment by Sonofmshade on Jul 14, 2016 7:26am
Anyone else find it a "coincidence" that the share price was held between 18-20 from the moment they announced the LOC "crisis"? This is criminal.
Comment by bushhog1 on Jul 14, 2016 9:12am
Something is wrong here, there needed to be an investigation. LTS revalued and wrote off their Assets ( tangibles and intangibles) by about $3B  since 2013. This dropped their Valuation ( B/V ) to $2.40 per share. They claimed it was because of lower oil prices. Presently oil prices have climbed back up to around $45 from about $26.00 low. So instead of hearing that they will revalue their ...more  
Comment by PROtrading on Jul 14, 2016 9:55am
 Yep, looks like they are going the TBE route and not the PWT route. You got to wonder who hired the professional bashers!   If you're in at these sub 20 cents, you'll go fine.  If you were expecting to go back up to $2 (or old book value), it's not going to happen very fast. bushhog1, they want the last remaming shareholders to say "I give up" and sell. ...more