Just having a browse through the latest announcement Newbies should pay particular attention to the following
The Market cap of CCC +
A Director may be paid fees or other amounts (ie non-cash performance incentives such as Options, subject to any necessary Shareholder approval) as the other Directors determine where a Director performs special duties or otherwise performs services outside the scope of the ordinary duties of a Director. In addition, Directors are also entitled to be paid reasonable travelling, hotel and other expenses incurred by them respectively in or about the performance of their duties as Directors. The following table shows the total (and proposed) annual remuneration paid to both executive and non-executive directors. Director 2012 2013 Jason Brewer $150,000 $150,000 James Leahy $240,521 $72,000 Don Turvey $756,486 $500,000 Mike Kilbride $54,672 $135,750 Johan Bloemsma $41,103 $71,250 Bernard Swanepoel nil1 $67,500 Connie Molusi $22,978 $67,500 1 Appointed 14 May 2013.
+ How many of the current options are likely to be converted
Options Number Options currently on issue: (Unquoted exercisable at $0.75 on or before 31 December 2013) (Unquoted exercisable at $0.2216 on or before 15 May 2015) (Unquoted exercisable at $0.64 on or before 31 October 2015) (Unquoted exercisable at $0.10 on or before 31 March 2016) (Unquoted exercisable at $0.368 on or before 23 August 2016) 11,000,000 12,500,000 1,627,549 25,000,000 13,950,893 8 (Unquoted exercisable at $0.20 on or before 16 July 2016) (Unquoted exercisable at $0.057 on or before 6 December 2017) (Unquoted exercisable at $0.05382 on or before 18 December 2017) Subtotal 8,000,000 6,000,000 5,000,000 83,078,442 New Listed Options offered pursuant to the Offer (Quoted exercisable at $0.50 on or before 30 June 2015) 76,278,740 Total Options on issue after completion of the Offer 159,357,182 The capital structure on a fully diluted basis as at the date of this Prospectus would be 767,182,888 Shares and on completion of the Offer would be 843,461,628 Shares. +
The company has already had a one for ten consolidation
CCC Price at posting:
4.4¢ Sentiment: None Disclosure: Not Held