Agoracom: Small Cap Investment - Connacher Oil and Gas - Re: Possible Venture Partner for Connacher

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Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

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BKM8572

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Re: Possible Venture Partner for Connacher - Brian

in response to

Re: Possible Venture Partner for Connacher - Brian

sharky

posted on Oct 15, 2010 02:16PM

Sharky:

It would be my opinion that the insiders would also prefer a strategic alliance with partial ownership by an outside investor having partial, but a significant ownership position. However, insiders with all of their cheap option shares which we common shareholders have financed, may have different objectives. If so, then in event of a total sale the price preferenced option shares which Management holds would become a real rip off of the Common holders as we have significantly underwritten their cheap option shares. And frankly, when it comes to Management, I am not so sure regarding their loyalty to the Common holders!