Yes

Brian but CLL is not the only one with these kind of practiscis .I own another stock also a canadian "Dynamotive" which is dilluted same way.

Options are many times used in companies and given to the BOD .But these kind of practice in fact are mostly causing a risky behavior.

Read something about BP as well where there CEO also has a lot of options.It's not rare that these guys sometimes act in a way to do everything that can get up their sp sometimes in avoiding safety rules or things that could slow down their operations.TThey IMO should better ban these kind of actions.

I found this from a guy on the other board who cleaned up his computer and found this item from CLL from 2006.

It's kind of strange reading that again and facing the reallity now.They were almost debt free that time and had no plan for further dillution.So looking to the sp then with no pod in production towards almost 2 pods in production the sp is far below what it was by then.

There are many CLL.TSX investors who are counting on after-hours market action on Friday to be the harbinger for a short squeeze which they hope will kick off trading on Monday morning. Many feel the unusual after-hours action coupled with a run up into the close signals the long awaited EUB decision will be announced this week. Guestimates range from a dollar to a run-up to over $6.00 by Friday's close causing many long suffering investors to be smiling over the weekend.

On the surface CEO Gusella and his staff have put all the pieces of the puzzle into place with the acquisitions of Luke Energy, the refinery down in Montana, and the Private Placement which raised approximately $CDN100 million leaving the company pretty much debt free and in the position, should the EUB annoucement come down Tuesday or sometime this week, to be up and running and producing within 300-360 days. Mr. Gusella has mentioned in earlier statements they are well along the way to having the SAGD infrastructure ready to go once the EUB stamps their application. Two earlier objections have now both been withdrawn and letters of support issued on behalf of CLL. June 23 is another important date when the Private Placement shares are freed up for trading.

The PP price was $5.25 and the stock closed at $3.85 on Monday leaving just another weeks session to have the price rise above $5.25. Of course with every positive there are negatives but rather than go into those here check out the CLL board for yourself.

Monday's trading should begin what proves to be an interesting week of trading for CLL shareholders. Many of them have their fingers crossed hoping this is the week when all goes according to plan; some are being a bit cautious having been down this road before only to see the move fizzle and reverse lower.

At the time of this writing oil is down slightly sitting at $70.06. Oil pricing, should all the news come in as shareholders hope it will should allow CLL to move against the trend if oil continues to trade lower tomorrow