Here is an example of an investment in CCC
Just have to gasp at this
After convincing shareholders to accept a 1:10 consolidation to strengthen the company, we are now going to be hit with 7020000000 new shares.
So a trade of $1000 would buy 200000 shares at .005c
That means anybody who had 2,000,000 shares before the consolidation has now got a holding worth $1000
http://www.conticoal.com/_content/documents/536.pdf
http://www.google.com/finance?cid=689656
Column 1 Column 2 1 Price 7.2c 2 Market Cap A$192m 3 Share price graph 4 Share details 5 Code CCC 6 Listing ASX 7 Sector Metals and Mining 8 Shares in issue 2,668m
At 7-12-2010
Column 1 Column 2 Column 3 1 Price 2 52 week High Low 3 8.3c 3.6c
8.3c X 2000000=$166,000
Under CCC management this $166,000 has been reduced to a possible $1000 at .005c
BUT, add up what management ,OKAP , and financiers have received
And then weep
Sorry, just the way it is
Anybody considering buying OKAP company shares should get professional advice
And then put the money on deposit at the bank .
Just IMHO
I am not qualified to give financial advice (having lost the lot on oppies)
RB
Here is an example of an investment in CCC Just have to gasp at...
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