Re: Dondon and Rebels 1 : A Question
in response to
by
posted on
Jul 11, 2009 08:49AM
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
Frankly, I am getting tired of these people spending our money like it was their personal property with no accountability
Brian
Here you have a good point.I don't think these guys stand still by the fact many investing funds but also a lot of private investors like all on this board ,invest in their company for a profit in time and not to see their shares dilluted and a sp tanking towards probably for many of us here to around 1/4 of the invested monney.
I had a problem with the fact they did the deal at .90 ,Was the company so much overvalued compared to previous year ?Was the impact of the high debt so severe that we after years of trading above the 3 $ mark we suddenly were worse only 1 $?
I don't think these guys wil admit they were wrong when they went for the Algar financing a year ago.
I think they lost some ducks recently instead of keeping them in a row.