Hi Den

CLL SP still under pressure for no apparent reason.

The main reason IMo is the sliding oil price that kept CLL down.When the news came out some days ago the sp jumped up but because the market conditions are very nervous the sp came back to the support level.So far it has hold well just up that line but if markets can't recover then sp could drop below .

If a take over should take place and we have more then one bidder then that could support sp but I have also a price at 2 $ in mind.We certainly don't have the market conditions to support the company.It would be another picture if we had Algar on line before the crisis period.Valuation of the stock wouldn't be the same but now we have to face these conditions.i have written it more then once that CLL didn't have the right time on their side .Now that there is a chance of some kind of recover in economic activity we face the problmes in the Eurozone .To me a little overdone and feed for speculators what is happening now.

i hope for the long time investors that we can see the best sollution for the future .

What can we hope for ?A partner which steps or a complete take over.

They don't have enough cash so another dillution is the worst case i think .