Of course this capital raise at low shareprice would be reserved to existing shareholders.

But management has shares and no capital and doesnot want to be diluted That is why our money is so much at risk with a financial structure of connacher that is weak considering cashflow at current oil price and interest on huge debt The share prixe reflects this risk.

I am stucked with my shares with significant potential loss but I do appreciate and have much respect for the project the action and communication of Connacher management. Even though my analysis is that management is taking more financial risk than shareholders would like for the abovementionned reason.

Hubisan

(French individual investor in GARP stocks: Growth at reasonable Price)