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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: Re: The CLL Saga, Act 6, "Exit The King"

Kingy1:

Respectfully disagree.

Egregious errors have been made The culmination of which now has become extremely apparent. Corporate assets have been in a massive sense wasted. The debt of the Corporation has been massively expanded. Shareholder equity has been on a per capita basis, massively eroded.

The Corporation is now in the hands of what is likely a caretaker administration of previous members of the BOD which were present for the entirety of the now apparent previous Management fiasco of wealth per share diminishment.

The Corporation within the context of this situation of being overly leveraged will now likely go on the market certainly under less than ideal circumstance. Its assets encumbered by prodigous debt. All in an environment which will invite the sharks to attempt to acquire Corporate assets at a bargain basement price.

Additionally, there is a requirement for the establishment of a management structure to organize chaos into a smoothly operating entity while undertaking considerable debt.

All because of previous Management more adept at wealth destruction from their risky behavior than interest in building a responsible and financially realistic entity.

For myself, I am glad I made the decision to disengage from CLL even though at a manageable loss. Speculation on a Gusella like individual can be very stressful on ones outlook and resources!

Brian


Jan 16, 2012 12:16AM

Jan 16, 2012 10:07AM

Jan 16, 2012 11:56AM
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