Post by
lightscam on Feb 13, 2017 3:12pm
do you think the delay of Lightstream resources into ccaa
It seems the delay of Lightsream resources into going into ccaa was most likely due to Jw being a director of Spyglass Resources Corp and spyglass started the ccaa on Nov 26, 2015 and it lasted till around sep 2016. Sep 2016 is when lightstream went into ccaa. It is the same strategy used by twin butte energy delayed ccaa by 7 or more months due to director of twin butte in ccaa with argent energy. You have to admit lightsream delayed going into ccaa for almost a year since the ceo was already in ccaa for spyglass. Im not sure if that's proper management, are they doing their jobs so that you don't ruin the ccaa for the company you are director in. What would CCAA think of the lightstream ceo and spyglass director being the same guy and in CCAA at the same time. Someone needs to ask CCAA is it a big red flag having the same people in CCAA. Probably and why do lightsream resources shareholders have to suffer when the ceo of lightsream got paid for additional year while he stalled till the ccaa that he was director was on spyglass was almost done. Is it normal to stall ccaa for as long was the ceo did when corporation was so much in debt ? Now if lightsream went into ccaa sooner then the lawsuit against them would have allowed the creditors to gain control. Yes so it means that lightsream resources delay was for the benefit of spyglass resources not lightsream resources. Mr. John D. Wright was a director of Spyglass Resources Corp. (Spyglass), a reporting issuer listed on the Toronto Stock Exchange, until November 26, 2015, when Spyglass was placed into receivership by the Court of Queens Bench of Alberta following an application by its creditors.