Connacher Oil and Gas

O man I almost had a coronary when I looked down at my BlackBerry Bloomberg App and I see CLLZF down 87% to $.17. These markets are crazy. In hind sight I clearly missed the arbitrage opportunity of the century, but who can think that way in times of panic.

Anyways, I'm curious if anyone has a hedging strategy for dealing with CLL. As far as I know there are no derivative on the underlying security available OTC.