Re: Share Dilution - 15,200,000 flow through shares sold in bought deal
posted on
Oct 05, 2010 01:38AM
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
My apologies to all for my boorish repeated rants. I just became so angry that we could not go a day of good news without the temptation of management to inflict upon we all another dilution. The reason for the dilution may be valid and in a mid to longer term sense rational.
However, the matter of dilution of our equity position in the company is to me becoming a grave concern. We the holders of Common non priviliged shares which of course are not exempt from the effects of dilution, have got to be entering the window of total marginalization as the Corporate "Insiders" are exempt from the ravages of dilution. Heightening my alarm is that we as holders of shares not exempt from dilution, are in increasing danger of being completely marginalized by the Corporate insiders. And realistically, what motivation is there for the "insiders" to do anything but continue to marginalize we non insider holders of the Common stock as it enhances their holdings in the company. We get only to pay for the cost of their free shares while our shares become worth less. This is a totally opportunistic abuse of the non insider share holders to enhance in confiscatory fashion the benefit of the "Insiders". It has in fact become nothing more than by legalized charter the means of Corporate theft of my property and yours.
A situation which I believe is well worth the consideration of all here as it will not get any better.
Brian