Ann: Financing Update Underwritten Rights Issue to raise A$35.1m, page-7

Just have to gasp at this

After convincing shareholders to accept a 1:10 consolidation to strengthen the company, we are now going to be hit with 7020000000 new shares.

So a trade of $1000 would buy 200000 shares at .005c

That means anybody who had 2,000,000 shares before the consolidation has now got a holding worth $1000

http://www.conticoal.com/_content/documents/536.pdf

http://www.google.com/finance?cid=689656

	Column 1	Column 2
0	Price	7.2c
1	Market Cap	A$192m
2	Share price graph
3	Share details
4	Code	CCC
5	Listing	ASX
6	Sector	Metals and Mining
7	Shares in issue	2,668m

At 7-12-2010

	Column 1	Column 2	Column 3
0	Price
1	52 week	High	Low
2	8.3c	3.6c

8.3c X 2000000=$166,000

Under CCC management this $166,000 has been reduced to a possible $1000 at .005c

BUT, add up what management ,OKAP , and financiers have received

And then weep

Sorry, just the way it is

Anybody considering buying OKAP company shares should get professional advice
And then put the money on deposit at the bank .
Just IMHO
I am not qualified to give financial advice (having lost the lot on oppies)
RB