However, if ultimately one faces liquidation, one never gets what the assets are worth as a viable, ongoing, profitable operation. So, valuations in event of business failure, are highly suspect. The "vultures" line up to pick the carcas of the carion and investors rarely get anything.

Now, what is the risk of being highly leveraged with debt, plus senior debentures, and the mountain of leverage Connacher has. Not to mention the enormous explosion in outstanding shares which reduces the value attributable to all existing holders of Connacher shares Not trying to be negative. Simply realistic. The amount of high cost debt Connacher is carrying is truly scary. Any who do not understand that, are deluding themselves by looking through rose colored glasses. Lord help us if we have a double dip recession with another crash like last fall in the price of oil. Sometimes prudence actually is the better part of valor ! How lucky do you feel? Because like it or not, we are in a crap shoot!

Brian