Re: CLL's Last Stand-News Release-bobert
in response to
by
posted on
Jun 10, 2009 06:27AM
Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta
I wish I knew for certain, but my gut feel is that we're headed down to about 70 cents (I posted a chart showing this a few days ago).
I don't know if that will hold either.
Mr DG is maximizing all credit cards and finding new fresh share money to find as much capital as possible - that is why I believe this is CLL's Last Stand. If the New shares, plus new First Lien and additional bank syndicate working capital credit facility can't take us to profitability....we're dead..... because further share dilution is the last option after this.....
Good Luck
Booster