Welcome to the Connacher Oil and Gas Hub on AGORACOM

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

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Message: Will it be today

At this point, the only element keeping me in Connacher is that Management at prsent suffers the same issue as all of we "retail" investors. If the SP goes to zero, they too have nothing. Therefore, they do still have "skin" in the game that should motivate them.

On the negative side, through "insider"greed and shareholder stupidity, the insiders were able to victimize the ordinary common shareholders through the "insider" stock plan. The inequity comes from insider exemption to the effects of dilution. Which actually increases the insiders control of the corporation through the compounding effect of dilution. When the insiders dilute the stock, they actually increase their percentage ownership of the corporation. Given enough generations of dilution (and we must be getting near the requisite generations needed), The insiders by virtue of percentage ownership, will be able to do anything they want anytime they want. This flies in the face of any and all prudent organizational framework and is diametrically opposed to common shareholder interest.

Brian



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