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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

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Message: Anybody get a phone call From CLL?

A few days ago I had an unsolicited message to call CLL. Called them back & it seems management was trying to drum up support for a shareholder vote in the upcoming meeting. First 2 items fairly straight forward, eg support for board of directors & use of accounting firm. They were more interested in the third item which includes the creation of special share classes. When I balked at that & asked why they were needed they insisted that it was the only way they could retain employees. Apparently these employees have been trained by CLL for 2 years, & am I willing to risk these employees leaveing etc etc. I suggested warrants, options or more cash but apparently these alternatives are inadquate. Suffice it to say I found the conversation extremely strange.

Anybody else with a similar experience?

Can anybody shed any light on the special share classes? My present inclination is to vote "no" on item 3 unless somebody comes up with a good reason to vote yes.

Could it be the possibility of these special shares which are causing the stock price to tank?

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