China Ceramics Co. Ltd. (CCLTF)

[stocktrader2222]

"There is the risk that the common will tank after redemption to below the $6.65 breakeven point and then your only course of action will be to hold the common longer-term and hope for an upswing, or sell out at a loss."


Huh? If the company announces they wish to reedeem, the warrants will probably jump past $3 and you can sell the warrants before any conversion.

Furthermore, if you do hold your basis price would not be $6.65 edj on the other board figured it out, I think its something like the cost basis would be in the high $3's...so I wouldn't worry about it.

Plus what's so hard to figure out about the commons, they are going to be making probably around $1EPS for 2009 using the treasury method and they are growing. Call up IR or email them the guy will respond to you.

Who is going to be kicking them out of china like some others on here are concerned about, that's a pretty ridicolous argument in my opinion. They also need like no working capital, they don't need the cash really, that's why I think they will do cashless redemption if they do.

My point about it needing to be above $6.65 by end of 2013 was that its relatively low risk to hold these warrants because even if they don't get reedemed (which shoots warrants past $3 imo) you can safely hold onto the warrants and have 3 yrs to break even at $6.65

http://sec.gov/Archives/edgar/data/1417754/000114420410012989/v177042_ex99-1.htm

Also they are getting stuff started in south korea, who cares that they dont own anything? They need hardly any cash and they have no debt.