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Gold/Mining/Energy : Oil Sands and Related Stocks

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To: Gold Beach who wrote (20154)	4/4/2008 5:45:13 PM
From: I_C_Deadpeople	Read Replies (2) of 25575

Don, Poison pills can only be used in very specific circumstances. And no, the CLL shareholders cannot really band together to reject a buyout. CLL has financed it's expansion via dilution, so now they have some 130M plus shares outstanding. A company could come along today and offer $4 or $5 and take it. The only thing that could prevent that is a bidding war. Based on the daily volume of shares traded, most holders today own this stock under $4 so an offer at that or just above it would be fine with them - regardless of the foot stomping done by a few about what the 'value' is. Because of the dilution, the value is what the market will bear.

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