Spiderman:

You raise a number of good and relevant issues. In my opinion, at present the SP of Connacher remains stronly under the influence and the pressure of the shorts.

As we approach the 80% of Pod 1 design paramater production level, the shorts will begin to rapidly cover. Bear in mind, many of the shorts are actually hedged through being long the Debentures and short the common. As the production from Pod 1 increases, the Debentures will likely begin to trade at a premium to their issue price of 100. (note how the price of the debentures has firmed since the PR's of the last two days).

At the same time, as the perceived risk of Pod 1 not reaching design production paramaters recedes, the price of the common will begin to significantly reflect through higher sp the reduction of risk in Pod 1 failure to reach design paramaters. Ultimately, the debentures will be converted to Common shares through the Debenture conversion privilige.

Ultimately, as Connachers gains credibility, the fun and games will recede. Then and only then will the Company have earned its respect as a reliable producer with subsequent reduction in perceived risk! Needless to say. as perceived risk reduces, the SP will accrete accordingly and proportionately!

Brian