ccc or ccco, page-18

Hi Mihal

I use a different method and came up with a similar number to yours:

Economic Assumptions:
Assuming Premiun (CCC vs CCCO) is constant @ 0.025
Intial Investment = $10,000

SP Shares
CCCO 0.041 243902
CCC 0.066 151515

if CCC = .05 Net Worth
CCCO 0.025 6097.6
CCC 0.05 7575.8
VAR -1478

if CCC = .1 Net Worth
CCCO 0.75 18293
CCC 0.1 15152
VAR 3141

if CCC = .2 Net Worth
CCCO 0.175 42683
CCC 0.2 30303
VAR 12380

if CCC = $1 Net Worth
CCCO .975 237805
CCC 1 151515
VAR 86290

Bascially in a falling market CCC is better, but in a bull market and if you really beliefe that CCC will hit >10 cents then CCCO is a much better exposure.

I think right now it's evenly priced, but CCCO can flutuate widely so risk and return.

GL all.