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Bullboard - Stock Discussion Forum Lightstream Resources Ltd. LSTMF

Energy Oil & Gas E&P
"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. > Questions on new warrants
View:
Post by wealthwise on Jul 30, 2016 3:40am

Questions on new warrants

Ok, wow so i get an 88 to 1 rollback on new shares. Holy sh$t.. 
Can someone please explain how the warrants work? Is there any money there? What a
scam...
Comment by darkstream on Jul 30, 2016 8:49am
10000 shares gets you 113 new shares plus 340 series 2 warrants -the warrants have little or no value unless share price gets over $15 -the warrants may trade on the TSX or Venture Exchange or over the counter pink sheets -the new common shares need to trade over $9 just to start even off the current price -the warrants may trade for pennies on speculation -say the companies assets are valued at 1 ...more  
Lightstream Resources Ltd.