CCC 0.00% 0.1¢ continental coal limited

Here is an example of an investment in CCC Just have to gasp at...

  1. 2,515 Posts.
    Here is an example of an investment in CCC
    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
    1 Price 7.2c
    2 Market Cap A$192m
    3 Share price graph  
    4 Share details  
    5 Code CCC
    6 Listing ASX
    7 Sector Metals and Mining
    8 Shares in issue 2,668m

    At 7-12-2010


    Column 1 Column 2 Column 3
    1 Price    
    2 52 week High Low
    3 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
 
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Currently unlisted public company.

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