sinking, page-27

frikie.

It really is bewildering that you still think the current share price of CCC is due to down rampers.

Surely you have read the accounts by now.

Putting aside the marginal coal mines that will likely never pull this company out of the red.

You have the constant and on going issue of shares for everything.

236m shares issued last FY.

33.8M shares issued to consultants.

21 shares to Directors.

26.8m shares in Royalties.

Then there is the massive debt which is $20m more than all assets.

The endless drain and downward pressure of con notes converted into shares.

Now some very serous notes are due/passed due this month. $16m in total.

$1,000,000 plus interest was due on the 5 Nov.

$5m plus interest due in 12 days.

A horrifying $10m plus interest due in 11 days.

Most at 5% of 30Vwap.

And what has just happened to the share price? Do I smell a 30 Vwap??

Not withstanding the 110m shares ready to be issued on share holder vote and also taking out VMR's loan (which seems to be of note conversion.)

Your looking at a possible issue 900m more shares if notes with interest are converted.


The VMR loan RESOLUTION 7 will give them 29% at current issued shares. Above the 19.9%

The Issue of the notes will mean they will stay under this percentage.
Which I find more likely then them taking over CCC.
After all. They just have to wait to be a creditor.

Everything you needed to know has been in the accounts for years and clearly showed where this was heading.

The ones that braved the ramping wolf packs to bring this information to light (with little to know thanks) are in your view, the ones to blame for the share price.
Not because of the information and hours of research they did.
But just because of their negative posts.

It really is way passed time you woke up!