Pmys, a HotCopepr poster called sun111 made this post in...

Pmys, a HotCopepr poster called sun111 made this post in response to the recent research report put out:

"Total debt $29 mil? Check CCC March Qly report:total liabilities 69.9 mil."
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So, market cap of $22m + debt of $70m = $92m + premium a suitor would have to pay- all up about $115m. A suitor might be wondering if they can get more bang for their buck elsewhere on the ASX.

It seems to me that one big problem CCC has is that it promised to buy assets it cannot afford, from proceeds of assets it cannot sell. Rule no. 1 in real estate: don't commit to buying a new house until you have sold your own one.