Guten Tag Sharky:

Yes, all we who are invested in Connacher have paid a very steep price for the Companys "on the job training" and have been exposed thereby to a considerable amount of risk of significant loss. Many are already a fair bit "underwater" The interest rates for funding are not only very high but as a result place extreme cost and risk on the Company. It is unfortunate that the Company has been not very forthcoming in their notification of share holders as to the risk Management has undertaken. The fact of this has led to significant losses to many as well as a potential risk of even greater loss. Additionally, considering the now demonstrated hiding of elements of risk under a blanket of pablum, the shareholders, and I mean every one of them, even the cheerleaders, are the bearers of the risks Management has caused.

But, enough of reality lest I get myself in trouble again for trying to take the blinders off and be realistic as to how much risk there is and the causes of the threat.

On the positive side of the ledger, is that if Connacher can make it to operational break even and refinance, then we might find reduced costs and risk. But, there truly is no margin of error. A situation which Management has led us to!

Brian