Candax Energy Inc CXEYF

RE: 70 cents

[Malahat]

There are adjustments being made to portfolios, reacting to some big hits happening as a result of financial service sector players being stung by poor investments in "securitized" sub-prime mortgages. There are many thousands of investors with heavy weightings in financial service sector stocks. Most "investment advisors" have been telling their clients (lemmings) that financial service sector stocks are the smart, safe way to invest. When the financial service sector starts to drop in defiance of that sage advice, the lemmings run for the cliff, thinking that the bottom has fallen out of the market. After all, if the "best" investments are in trouble, then surely the risky juniors must be in big trouble too. CAX is a junior that has had some problems and frightened shareholders are dumping it. If you have the funds available, there will be some wonderful bargains to be had when all this panic settles out IMHO!