China Ceramics Co. Ltd. (CCLTF)

[stocktrader2222]

Yes but SPAC investors always look at the fully diluted total, which will be 25.7million

If they hit their 23.8million target (I'd imagine they would they put out this presentation in March...FY 2009 should have already been known to them)

then you have 23.8/25.7 = .92 EPS keep in mind many of these SPAC's trade a 7-8x P/E = $6.48 to $7.36 on a fully diluted basis

Also many of these SPAC's have 0 debt, this has almost 11 million


For 2010:

31.4 million net income target, fully diluted including warrants would be 27.5, EPS = $1.14 EPS

$1.14EPSx 7-8= $8-$9.12

Currently CCLTF is at $8.90

I own shares here and not here to bash, just playing devils advocate.