Lightstream Resources Ltd. LSTMF

What went wrong with LTS.

[bushhog1]

At the end of Fiscal 2015 LTS was able to pay all their expenses (included interests)
from their Cash Flow.

They even had an excess Cash Flow of $87M that they used to reduced
their Long term Debt.

A few months later, and with oil prices going up,
how can they be in deep trouble and are trying to dilute 
Shareholders with billions of more issue shares.

Smaller Companies with bigger default Debt payments
are still around and didn't had to issue more shares.

Don't make sense

Only my opinion

[oilman53]

Quit your whining..You bet the house on a bunch of losers and lost.  Take it like a man

[boarderex86]

Actually it all makes sense.  The default was going to trigger on July 15th and that is why they had no options left.  You should have known that and understood that default of the LOC would trigger simultaneous default of the other debt. sorry.

[darkstream]

LTS paid out over 3 Billion in Dividends and Interest costs over the years. Imagine a debt free company profiting 10M a month even @ $45 oil. I blame myself for listening to all the bull on how the dividend was always sustainable when I always said it was way out of line. I got sucked in by all the pros who kept pointing out how wrong I was. So in conclusion we must admit we own a company with

[boarderex86]

This is is a company that got caught  with their pants down when oil collapsed.  I bought in when they declared their intention to start selling assets and reduce debt but the market fell out before they could fully execute on the plan.  They would have avoided the LOC crisis if he market had recovered faster, but it didn't. We gambled and lost.  Now it's time for