China Ceramics Co. Ltd. (CCLTF)

[redman_2014]

Here is the breakdown:

8.95M outstanding common
15.55M warrants
1.2M potential 2009 earnout
25.7M fully diluted total

2010 - 1.8M earnout if they hit 31.4M net income
2011 - 2.18M earnout if they hit 43.5M net income

Keep in mind that 2009 eps should be $2.65 or higher since it will be calculated using a maximum of 8.95M shares. That is based on $23.77M net income for 2009 which was recently provided by management. Earnings come out March 29th.


-Adam