Connacher Oil & Gas Ltd CLLZF

RE: many moons ago..

[Sadly]

I warned everyone one year ago about some of this management.

Their all alike.

What next for this???? 

Bid on .07 looking thin.

 

Here is my post on June 2012

 

Here is another management dude of this company, if he can not run a little company why would he run this any good. Many questions about management: Have they been giiving a pie in the sky to investors{beware} News releases that are not the best but their is something  to hold you on. {beware}

Much lower price is my prediction, just here to warn a few of you.  

2012-06-13 18:22 CT - News Release

 

Mr. Kelly Ogle reports

TRAFINA ANNOUNCES THAT A RECEIVER HAS BEEN APPOINTED BY THE COURT TO LIQUIDATE ITS ASSETS AND ITS DIRECTORS HAVE RESIGNED

Trafina Energy Ltd. has been unable to develop a satisfactory plan to repay the indebtedness owing under its facility to its lender, and, as a result, it is no longer able to maintain forbearance arrangements with its lender. Accordingly, at the request of Trafina's lender, a receiver was appointed today by the court to liquidate Trafina's assets. The company's assets may not be sufficient to satisfy the indebtedness owing under its facility to its lender or, if sufficient, may not be sufficient to satisfy the company's other debts and accounts payable. In connection with the appointment today of a receiver by the court, each of Trafina's directors resigned. The TSX Venture Exchange has been notified of these developments, and it is expected that Trafina's shares and warrants will be suspended or delisted from trading in due course.