Connacher Oil & Gas Ltd CLLZF

400,000 insider shares purchased @5.00 or $3.50 eq

[watch4it]

400,000 shares pruchased by insiders to CLL to take advantage of the tax included in the flow thorugh shares at $5.00..Didn't someone post that it is worth about $3.50 per share as a result of these tax savings?

Guess what share price is now $3.50 or less for CLL. Will hold here unti Jan. or Feb.

Management wanted to get more personal shares throught he offering at a value of $3.50. Now we all can buy shares for a low price. Next the dilution wil come for the pipeline or pod2 .

CLL Share price will drop as PDP has dropped. This is more due to the bad idea of being a bank. Loaning money out. Now we will see shares offered to management there as well at a discount. At 26% ownership of PDP they must have huge shares position personally to retain control of the company. If they didn't it would have been more professional to fire  poor management discisions that would lose $35 million for no reason. Then forcing the farming out of lands due to the lack of money to proceed on lands.

CLL should either merge with PDP to add value back to CLL. Or sell PDP shares 26% to whomever would want to deal with the prersonal shares that keep CLL managing PDP.
No buyers would really be interested so I guess  that would mean CLL merging the two for the benefit of CLL share prices and value added. Instead of purchasing personal share s of CLL at  $3.50 real value or less. Great for management and now great for those of us wanting to purchase cheap...That is if you want to sit on the shares for another six months to two years before the price goes up.

Arrogance to think that shares wouldn't be affect by dilutions and loaning money out to be lost. I wonder if anyone they know actually got the loan? Might be a good question to ask is who got the 35 million?