Ann: Bonus Options Offer Prospectus and Appendix 3B, page-123

To not take the chance on the possibility of the options been in the money is really not an issue given the initial outlay.

The BOD "mistakes" ( I believe they have been outplayed by a much smarter group) never the less erroneous decisions which are reflected in the SP and market sentiment are likely to be forgotten as a new wave of investors filter through on news. This is where smart traders will make money and hopefully bring some of the suffering LT holders back into the green. Volume will come on revenue, which will bring traders and investors. The situation is DIRE but not lost.

Keep in mind the CN is likely to be doing the pushing on the SP and given past 3B's, announcements soon follow - Strange coincidence that almost worth trading on.....