Re: The Most Pernicious Element Depressing Connacher
in response to
by
posted on
Oct 26, 2010 10:13AM
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
Jurek
If my statement makes me delusional your post makes you in denial.. The majority of shares are held by retail investors as I really don't recall institutional holdings ever being more than 35%. Your response ignores the fact that CLL has been trading for over 7 years with initial offerings being around .28 cents and many investors have been holding since then. You totally ignore the fact that 2 years ago shares hit low .60.s. There were plenty of opportunities to secure large positions below.90.
Regarding the recent .90 offering your argument is mute.. CLL is currently trading at 1.24 which is 38% above the offering. SO in layman's term CLL shares appreciated by 38%. So if an institution bought them at .90 held them and sold them today for 1.24 THEN THE HOLDER aka the institution made a minimum 38% profit.
We all know you've never had a positive view on CLL but at least acknowledge that SP has appreciated 38% since the Offering @ .90 , that can't be denied it's simple math