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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

View:
Post by Pancho2 on Feb 09, 2017 5:29pm

Oilman53

I was just explaining that the Support Agreement between the Company and the
Ad Hoc Committee was approved.
So Shareholders will get what was stated in this Agreement.

If you disagree, then show where I am wrong and stop behaving like a little sissy.
Comment by oilman53 on Feb 09, 2017 8:26pm
God you are thick!  That agreement is null and void and the judge in the CCAA proceedings gave all the assets to the first lien bondholders...
Comment by Pancho2 on Feb 09, 2017 10:05pm
oilman53 - (2/9/2017 8:26:47 PM God you are thick!  That agreement is null and void and the judge in the CCAA proceedings gave all the assets to the first lien bondholders... ------------------------------------------------------------------------------------------------------ Dec 8, 2016. On the Closing Date, holders of the Secured Notes will be issued a pro rata number of common ...more  
Comment by oilman53 on Feb 10, 2017 12:14am
closing date was december 29th 2016. Where are your shares???
Comment by Pancho2 on Feb 10, 2017 11:31am
In Ridgeback Resources.
Comment by oilman53 on Feb 10, 2017 1:00pm
Shouldnt they be in your account. if you were to get some?  Why havent you called the Company to ask them whne you will get your shares  (NEVER!)
Comment by BluSky23 on Feb 10, 2017 12:55pm
Why is Ridgeback allowed to use the he Lightstream Website? They bought assets, not the name. They have not changed website to reflect this, yet using the employment part for recruitment.
Comment by Pancho2 on Feb 10, 2017 1:46pm
Ridgeback is the same Lightstream .... same Management, same Building etc. The name change was to accomadate the switch over of the secured Bondholders to  new Shareholders(Owners). Its like Oldfart switch his name to Oilman but he is the same Rat.
Comment by oilman53 on Feb 10, 2017 3:47pm
Yes! exactly, and the first lien bondholders now own ALL the assets of LTS, and the old shareholders and second lien bondholders get NOTHING
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