Lightstream Resources Ltd. LSTMF

Earnings Released

[BluSky23]

Nothing exciting, increased cash position by $15M. What is the interpretation of 'In accordance with the terms of the Support Agreement, the members of the Ad Hoc Committee submitted a credit bid (the "Secured Credit Bid") for the full amount of the claims outstanding in respect of the Secured Notes and debt in priority to the Secured Notes.'

[BobTheKnob2]

It means that whichever creditt is part of the ad hoc committee has submitted a bid for the entire company. They are proposing to pay the full amount due to any creditor that is senior to and/or equal to them, depending on who they represent. in other words the secured notes (including the 2nd Lien notes that have been problematic), liabilities such as taxes due (including payroll

[BobTheKnob2]

Here is the news release as it appears as if it was not posted to Stockhouse: https://www.lightstreamresources.com/news/news-releases.cfm?newsReleaseAction=view&releaseId=200CALGARY, ALBERTA--(Marketwired - Nov. 3, 2016) - Lightstream Resources Ltd. (the "Company" or "Lightstream") announces third quarter 2016 financial and operating results. Our financial statements and