The Poison Pill provision that was passed last May can be found in its entirety at Sedar.com.  Do a query for Connacher and find the filing on May 15, 2007 titled “Material Change Report”.  Basically this provision allows for fair treatment of stockholders if a hostile takeover bid is initiated.  In reality it basically prevents any hostile takeover from occurring.  In my opinion, $9 -$12 dollars would probably be the minimum that Connacher’s board of directors would even start to consider as being close to a fair offer.

Martin