the problem I see isn't the share consolidation - the problem is that mgmt keep issuing shares to pay for things and this is the reason CCC needs a consolidation
shares on issue
- 30/6/09 446 million
- 31/3/10 1.1 billion
- 31/3/11 3.07 billion
CCC = USD keep issuing new units and look what happens to their price lol
sure those shares have been used to buy investments beneficial to the company but at some stage it has to stop
i think a consolidation will be positive but only if mgmt stop issuing new shares
my 2c
disc: holding and hoping
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