It is very interesting that while Tax sells and margin calls are plaguing some stocks, CHM rose .13c on 1.5million. OilCan anticipation has been around for a while, so that's not the reason for the rise. I suspect that someone anticipates CHM acquiring FNC's share at less than 17.5%. This allows CHM to gain perhaps 2% of more of it's Fermont interest and control 100% of all the decision making, and one director said allows them to get offtake approval. I'm not sure how FNC's involvement prevented offtake approval, as Smith already agreed to allow Larsen 100% voting to make decision, so perhaps this is not so.

If FNC were reduced to 15% of Fermont, by shareswaping into CHM shares, but no longer had to meet financial obligations, would we have gained value or lost it. Hopefully there is an agreement that prevents us from being diluted into less percentage.

It could also be someone pushing the CHM shares higher to make the shareswap more valueable. But I'm not sure this makes sense: 15% is still 15% no matter what the CHM marketcap.

Your thoughts?

-sg