jurek:

For the past two years, holding CLL over earnings report was a bad move. For the three years prior to that, it performed very well. The question is, "does current management have the ability to learn from its mistakes"? Of course the mistake was undercapitalizing themselves when initilly building Algar. That created a situation we nearly did not recover from when the crash hit. In fact, we only recovered at the price of 100% dilution!

Bad luck or bad management? Usually, Management makes its own luck through prudence in effective planning. That leaves the question. Did the Connacher Management learn prudence of planning for adequate capital. Or, is it still the spend and hope approach?

Brian