Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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. > i'm reading this and this all makes sense now.
View:
Post by reefsandals4eva on Dec 19, 2016 7:25pm

i'm reading this and this all makes sense now.

I have one question left, Why did they want it for 1.35 billion? why not just let it go bankrupt?
Comment by fighter12345 on Dec 19, 2016 8:31pm
The creditors were involved with Hohn Wright for sure. John wright is connected with everything and everyone who is connected with his company. The creditors who now own lighstream are like some made up companies , try to find out the real name of the people
Comment by fighter12345 on Dec 19, 2016 8:34pm
The lawsuit with lightsream that ended started around the same time that the lawsuit ended for the company that john wright was a director for. Everything is preplanned with John Wright. I have all the fasle acqusiitons that he made up and aer regulator proof most of the companies from 2010- 2013 had no oil and gas licences , but john wright made up they did
Comment by reefsandals4eva on Dec 19, 2016 9:42pm
I really like what you've posted, This whole thing made no sense at all until now. I still have Questions for you though, If they paid 1.35 billion for this and do a debt for equity swap, and sell it as an investment.... what's the problem? You and I both know it's not worth anything, but then why pay 1.35 billion to rescue it from other companies? (by pay I mean they had the largest ...more  
Comment by Oldfart74 on Dec 19, 2016 10:13pm
Fighter, I'm starting to wonder if you have extraordinary sleuthing skills or have just had too much Christmas cheer.
Comment by reefsandals4eva on Dec 19, 2016 10:33pm
@oldfart.   Fighter12345 is posting the sources for all his information. How could anyone argue with that?  To be honest lots of what he's been posting I took as bad news for shareholders but what he's saying makes sense and explains a lot of the unexplainable 
Comment by Oldfart74 on Dec 20, 2016 9:32am
Reefsandals, if you truly believe that Fighter has discovered the smoking gun, you should be funding his proposed oppression lawsuit.  I expect he's doing some sleuthing on some other shady deals.
Comment by reefsandals4eva on Dec 20, 2016 9:52am
What did they do that was illegal? I don't see anything that bothers me that much. It was all public information wasn't it? Why did they put so much effort into buying Lightstream If it's assets were owned by touchstone? Whoever was bidding on it would have known? wouldn't they?
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities