Oil Sands and Related Stocks Message Board

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Gold/Mining/Energy : Oil Sands and Related Stocks

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To: james flannigan who wrote (20173)	4/6/2008 3:52:56 PM
From: I_C_Deadpeople	Read Replies (1) of 25575

I won't dispute that the CLL share price could very well be much higher than it is. It could. And maybe it should. But it is not. I am only speaking about reality not the hypothetical here. For example, lets assume that someone comes along Monday morning and offers the CLL shareholders $4.50 per share, which is a 34% premium over the trading price. And assume no other bids surface. How does CLL stop this offer? Again, because of the dilution many stock holders have a cost well under $4 so this may seem like a good deal for a quick return. Many more may accept simply out of frustration. In the last three months the volume has been 70 Million shares. Sometimes the market just works that way.

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