shares short had a drop of 817,500 shares
shares short 14,176,833
avg. volume 987,039
days to cover 14.362992
The "Standstill agreement" was put in place by TMEN.
They would not do that unless Trump and Empire were making inquiries about the assets of TMEN. IMO. Or even starting formal actions.
This filing shows that TMEN is in default to Trump and Empire and that They(Trump/Empire) have the power in this situation. TMEN was compelled to offer them something for a "standstill agreement" That is not good for shareholders.
You can pretend to believe otherwise.
I read at least a dozen definitions of "Standstill agreement"
You left out a LOT in your definition. They are a last ditch effect to prevent action by the company.
I certainly have not lost any bet that Trump and Empire will NOT takeover TMEN. They seem to have started the process.
But, even worse the filing shows that TMEN needs almost $6 million by May 1st.
How will they get that amount in your opinion? Or should I say ...from whom.
In you expert opinion...
Do you think that TMEN will file their annual report?
I believe this filing is evidence that Trump and Empire began proceedings to takeover TMEN.
That would mean I won the bet.
I will not post until evidence proves that to be fact. I am not happy about the possibility of winning the bet.
The "standstill agreement" is an action by TMEN to buy time to reorganize and try to hold off the takeover. I read a dozen diffinitions of "standstill agreement"
Also, see the filing:exhibiy 10.1 paragraph #3 (abbreviated)
3.Revocation. Notwithstanding the Creditors’ agreement in Section 1, if, during the Forbearance Period, (i) the Company shall apply for a receiver, trustee or liquidator of all or a substantial part of any of its assets; (ii) the Company shall file or reorganization, or the like under any insolvency or bankruptcy law, or the adjudication of it as a bankrupt, or the benefit of creditors or the consenting to any form or arrangement for the satisfaction, settlement or delay of debt or the appointment of a receiver for all or any part of its properties; or (iii) a judgment shall be entered, or a case shall be commenced, against the Company, without its application, approval or consent by any court of competent jurisdiction, approving a petition or permitting the commencement of a case seeking reorganization or liquidation of the Company or appointing a receiver, trustee or liquidator of the Company, or of all or a substantial part of the assets of the Company, and the Company, by any act, indicate its approval thereof, consent thereto, or acquiescence therein, or such order, judgment, decree or case shall continue unstayed and in effect for any period of 30 consecutive days or an order for relief in connection therewith shall be entered, then any of the Creditors may, upon 5 business days’ written notice to the Company and the other Creditors, revoke its agreement.
see the company website for the latest news
CALGARY, ALBERTA--(Marketwired - March 3, 2014) - Lightstream Resources Ltd. (TSX:LTS) ("Lightstream" or the "Company") is pleased to provide an update on our 2013 fourth quarter and current operations, announce $112 million of asset dispositions, updated 2014 guidance as a result of the dispositions, and report our year-end 2013 reserves. The Company's annual audit of our consolidated financial statements is not yet complete and accordingly all financial and production amounts herein are management's best estimates which are unaudited and subject to change.
•2013 annual average production was 46,438 barrels of oil equivalent per day ("boepd"), a 9% increase from our 2012 production average of 42,784 boepd.
•2013 fourth quarter average production was 45,521 boepd (80% light oil and liquids weighted), essentially unchanged from Q3 2013 and 4% below Q4 2012.
•2013 capital expenditures (before acquisitions and divestitures) were $716 million, 25% below 2012 levels.
•We drilled 110 wells in 2013, with 44% drilled in the Cardium business unit, 45% in south east Saskatchewan, and the remainder in our Alberta/British Columbia business unit (primarily in our Swan Hills area).
• 2014 first quarter activity anticipates a total of 46 wells drilled, representing approximately half of our 2014 program, and construction of new facilities, including a 3,500 bopd facility in the Swan Hills area.
• Initial 2014 asset dispositions have resulted in the sale of, or agreements to sell, approximately 1,700 boepd (66% gas) of non-core production for gross proceeds of $112 million.
•2013 activity resulted in total proved ("TP") reserves additions of 11.5 million barrels of oil equivalent ("MMboe") and proved plus probable ("2P") reserves additions of 20.7 MMboe, replacing 122% of 2013 production before asset dispositions and net negative revisions for certain properties when compared to prior year reserve estimates.
If I ever found system that would make me $70,000 in a month, I would not be so stupid as to share it on a public message board and probably destroy it.
darlene you're lying to me.
Get this darlene...everyone here is already making twice that much...why would we want to drop down....wink wink.
How can a monthly dividend paid out be a "paper gain"
Never....it is a realized gain immediately upon payment.
You can have your broker sent it to your bank account and live off it.
Did you even think before posting that?
I think you just want attention. The name calling is so "fifth grader".
You have over 1000 posts.
I looked at the first hundred of your posting history. They were all identical to this one, except on a different stock board. my conclusions.
1.You are either a prolific reader or...
2. You are posting SPAM
I bought PSEC for the dividend, not because it was in an index.
The index removal does not effect the dividend.
This too, shall pass.
Wow! The short interest went up from January 31 to February 15th.
Short Interest (Shares Short)
Days To Cover (Short Interest Ratio)
Short Percent of Float
Short Interest - Prior
Short % Increase
"After consulting with clients concerned with certain reporting requirements, expenses, and investment restrictions relating to business development companies (BDCs), S&P Dow Jones has decided to remove all identified BDCs from its U.S. Indices.
If I ever found system that would make me $42,000 a month, I would not be so stupid as to share it on a public message board and probably destroy it.
think about it.
They will have "rich" people pay it. Read the story of the goose that laid the golden eggs and you will understand how it will all fall into place. no worries.
"I think I have come out ahead"
Not knowing for sure means that you have not tested your method.
You have short term gains vs long term and the time and effort to do it. plus commissions.
Buying and holding does not mean someone is 100% invested. Most people are diversified.