There are better possibilites than a reverse share split. There is anoher possibility and that is that Connacher has found a financial partner to buy 10% or 20% or 30% or more of Connacher's bitumen production guaranteed on a yearly basis going forward. This is currently being done with some other oil & gas companies. Canadian banks or foreign companies (Korean or Chinese) are purchasing production volumes of oil or bitumen at a price benericial to the producing company to lock in volumes of production. Say they offer 10% above the going price of the oil or bitumen on a daily or monthly basis guaranteed just to lock in the production volumes that they need for the future. In the case of Canadian banks buying the production they would hold the oil or bitumen and sell it into the spot commodities market to make themselves a profit when prices rise.

Brian has given an excellent response to the "subterfuge" of a reverse share split. I also agree with him that a reverse share split is just "smoke and mirrors". Remember Nortel's reverse share split in 2009. It's new shares started out at about $12.00 after the reverse share split and within the year the new shares ended up with a value of about 12 cents which is what they were before the share split.

Best Wishes; Scott