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Connacher Oil & Gas Ltd CLLZF

"Connacher Oil and Gas Ltd is an oil company engaged in the exploration and development, production and marketing of bitumen. Connacher holds two producing projects at Great Divide are known as Pod One and Algar."


GREY:CLLZF - Post by User

Bullboard Posts
Post by LonewoIfon Jan 29, 2010 11:08am
700 Views
Post# 16732592

Regarding CLL activity

Regarding CLL activityChecked a posted link to the show BNN that had visitor Guselloff interviewed making a plain public TV statement that CLL was fully financed for upcoming Algar project. Approx a month later the stock was totally demolished with an announcement for further bank financing, shares dilution by 100%, bonds issued, and probably insider bonuses. Spoke to a friends lawyer here, said don't waste your time on a cross border shareholder lawsuit attempt, you'll get nowhere, has to be started in Canada. That was a CEO on live TV with that statement. Reason for anger, bought more shares to try to reduce my damages from this stock. Got totally destroyed again by that statement, shares went from $1.55 to .90 cents in like 2 days due to a pathetic announced dilution price 40% below stocks current. Email back from CEO stated "you buy a stock you take your chances"  Yeah this stock is real secure, sure. That was quite the novel there bud, by the way isn't TSX in Ontario, the place you mentioned had absolute useless regulators and zero justice system.
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