diggers and drillers, page-4

hi vitallium

just wondering if you could explain to me why a share buy back would make CCC more attractive to large funds?

at the moment you have ~2 billion shares on issue, and a marketcap of ~$120 million

say a large fund wanted to buy 10% of your company, they would simply buy 200 million shares and it would cost them ~$12 million

if CCC did a 10:1 consolidation, you would then have ~200 million shares on issue, and a marketcap of ~$120 million

say a large fund wanted to buy 10% of your company, they would simply buy 20 million shares and it would cost them ~$12 million

same cost to the fund, same % of company bought.

what difference does it make?