Replies to post #210 on China Ceramics Co. Ltd. (CCLTF)

[Koufax]

There were 8.185M shares in escrow, to be release as follows:

1. 1.214M if 2009 pre-tax results met $28M target (I believe they did)
2. 1.795M if 2010 pre-tax results meet $27.772M target (as appears likely)
3. 2.177M if 2011 pre-tax profit meets $31.38M target
4. 2M shares if share price reaches $20 prior to 4/13/2012
5. 1M shares if share price reaches $25 prior to 4/13/2012

Here's hoping they reach that target.

[Koufax]

You ask about warrants. Many of them were converted to shares in the recent 4:1 offer. I can't figure out how many, but probably well more than half converted. If it was 75%, then about 9.6M warrants converted into 2.4M shares, leaving 3.2 warrants still outstanding.