buysell signal, page-13

Here's the converted notes that are due starting in just 60 days. (Note 80 days unite)

The parent entity issued $1,000,000 of convertible notes on 5 November 2010. The notes are convertible at the
option of the holder based upon the share price at the time of conversion. At inception, the conversion rate was
$0.80. On 5 November 2011 the conversion rate was reset to the higher of $0.60 or the 15 day VWAP prior to the
first anniversary date. On 5 November 2012 the conversion rate was reset to the higher of $0.55 or the 15 day
VWAP prior to the first anniversary date. On 5 November 2013 the conversion rate will reset to the higher of $0.55 or
the 15 day VWAP prior to first anniversary date. Interest is payable bi-annually at a rate of 10% per annum either in
cash or in shares at a 5% discount to the 30 day VWAP at the option of the holder. All stated conversion rates have
been adjusted for the 10:1 equity consolidation that occurred on 26 August 2011. The maturity date of the
convertible notes is [5 November 2013.]
See chart

The parent entity issued $100,000 of convertible notes on 26 November 2010. The notes are convertible at the
option of the holder based upon the share price at the time of conversion. Interest is payable bi-annually at a rate of
10% per annum. The maturity date of the convertible notes is [26 November 2013]
see chart

The parent entity issued $4,900,000 of convertible notes on 26 November 2010. At inception, the conversion rate
was $0.80. On 26 November 2011 the conversion rate was reset to the higher of $0.60 or the 15 day VWAP prior to
the first anniversary date. On 26 November 2012 the conversion rate was reset to the higher of $0.55 or the 15 day VWAP prior to the first anniversary date. On 26 November 2013 the conversion rate will reset to the higher of $0.55 or the 15 day VWAP prior to first anniversary date. Interest is payable bi-annually at a rate of 10% per annum either in cash or in shares at a 5% discount to the 30 day VWAP at the option of the holder. The notes are convertible at the option of the holder based upon the share price at the time of conversion. All stated conversion rates have been adjusted for the 10:1 equity consolidation that occurred on 26 August 2011. The maturity date of the convertible notes is [26 November 2013.]

Interest bi an @ 10% = $980,000 due 26 Nov 2013

The parent entity issued $10,000,000 of convertible notes on 25 February 2011. The notes are convertible at a fixed
rate of $0.80 at the option of the holder. Interest is payable bi-annually at a rate of 10% per annum either in cash or in shares at a 5% discount to the 30 day VWAP at the option of the holder. The maturity date of the convertible
notes is [25 February 2014.]

$2,000,000 due bi ann. 25 Feb 2013


You would be looking at a huge dilution event if these con notes are not re financed. NOT including final interest you are looking at another 240,000,000 shares bringing CCC close to the 1b share mark again.

You can see just how well these con note holders have done out of CCC. Convert interest payments. Pump and dump.