Connacher Oil and Gas

Rebels:

All here assumed some degree of "speculative" risk. Management, through its poor job of conserving assets, resulting in the recent considerable dilution, increased the speculative risk exponentially however, while purposelfully concealing the condition of the company. And then in the interview of Gusella on BNN the other day, he makes the dilution at a considerable discount sound heroically wise. Actually, with the "insider" stock plan as designed, he should have said that "insiders" expanded their percentage control of the Company at drastically diminished cost. Certainly makes me feel better. Greater dilution and increased irrelevence for holders of the common. Are we not all just ecstatic?

Brian