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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. > The offer isn't bad if you bought at the lows.
View:
Post by survivor2015 on Jul 17, 2016 12:55am

The offer isn't bad if you bought at the lows.

Horrible for long term shareholders.  Actually not that bad for anyone buying here.

I'm guessing they will have another offer and also guessing if long time shareholders vote, they will vote No.

Incredible market footwork. I preferred PWT as a long short and I was right.  LTS is lukewarm at best here.  The market hasn't got its head aroiund the deal and the upsides.

I was playing TBE with lottery ticket money, should have used that here.
Comment by orlandofl on Jul 17, 2016 11:19am
Looks like unsecured bond holders are going to shoot this down.  Secured bond holders are asking too mujch and very little being given to unsecured debt holders and stock holders.  If deal gets shot down by unsecured debt holders then stock holders could be at risk of a total sale of the company and may not get anything - not sure what is going to happen here.  I had a talk with ...more  
Comment by survivor2015 on Jul 17, 2016 11:47am
" Just an ugly situation I think for shareholders." So orlandofl, you work for one of the many US Hedge Funds working out of Florida? Of course this is ugly.  It's been ugly for months.  The only thing that's important here he what happens from these rediculously low prices.  Do you bail out and put it somewhere else.  When I do that, I normally miss the ...more  
Comment by JohnDD on Jul 17, 2016 5:54pm
Orlando, check your inbox
Comment by orlandofl on Jul 18, 2016 1:19pm
I sent you an email
Comment by DocMailloux on Jul 17, 2016 9:19pm
This is my fear so I decided to get out last week , after much stress and anxiety over lost money this was enough for me , took  my lost and invested elsewhere ...