CCC continental coal limited
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quarterly, page-6

  1. leebe
    227 Posts.
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    31/01/11
    10:18
    Post #: 7812427
    Hmm, maybe I'm confused by their wording then.

    I took "conversion to equity" as meaning extra dilution of $4.7m into shares.

    But if it is simply by converting already unlisted options into shares then I can see how that is just a good thing as it doesn't increase the fully diluted share base by anything.

    Is that the case with this remaining secured debt facility?
    CCC Price at posting: 81.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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