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Under $1, that is. The stock was trading at 79 cents last time I looked. This on news that the board decided to fire both Peter Cartwright, the founder and CEO, and Robert Kelly, CFO, on their latest mismanagement of the lost court case concerning use of the proceeds of asset sales to purchase natural gas.

The lead director, Ken Derr, former CEO of Chevron, has taken over as temporary CEO. I bet he's looking at bankruptcy options. Anyone who still has CPN shares might want to sell asap.

What a protracted and agonizing battle this has been.

Good luck to all CPN holders,

(no position in CPN)
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