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Thanks for your advice, Bottoms up. I find your reference to Stuart’s wife unacceptable. As is your advice
Hi Joe 2 years 8 months since innomed wanted to look at listing on a stock market.
How long before Cicc gets listed again and other companies.
cicc gold another dead cert in not running.
Stuart must have high expenses with the young wife he has as he still sprouts crap out to the shareholders unofficially through personnel emails rather than a proper official channel.
Time to move on and do not put your money in any companies he promises will make you a fortune as so far hot air is all yiy will see.
[Quite]
have emailed Stuart twice recently and guess what no reply.I asked him why after 8 and a half years since the last RNS why we have never relisted etc and asked if he could explain himself.I guess we have lost all our money here and I invested quiet a lot.
then when you have read them, carefully file them alongside updates from Sino Oil and Gas, CIC Fuels, CIC Gold, CIC Precious Metals, CIC Capital, CIC Capital Fund, CIC Securitisation..
Read the updates from Innomed Tec
What would your advice be Joeyangtze?
That is not good advice Bottoms Up.
Hot air no steam for the last several years .
Stuart is certainly not like a hare who runs a company more like a slug slowly taking his salary and achieving very little.
Stick your share certificates away and your love ones may discover them when you have gone .To find no value in the paper except to frame it as a reminder what they could had inherited if you had invested else where.
I am inclined to agree with you.
Innomed does not inspire me much with its management, don't see many Ph.D.s and MD's there.
Finding a winner in the thousands of medical/ biotech stocks listed in Canada/ USA can be very difficult.
If Stuart can come up with more customers for his financial services there may be some hope but in the present markets not easy.
Hi All,
It’s pains me to say that we all need to forget about this and put it in a bottom draw and move on with our lives. I was very bullish on this stock at the start but the chance of us ever getting anything out of this is slim to none. In fact i think it would be better odds winning the lottery.
I wish you all good look, this will be my last poster regarding CIC as in my personal opinion this will never come back and we will not receive any shares in any entities.
I think we all need to just move on with our lives and put it down to a lesson on investing, some you win some you loose.
am getting tired of waiting https://www.istockphoto.com/photo/working-to-death-business-mans-skeleton-using-laptop-in-office-gm485865905-38805048
great move...not...
CIC Gold never got to buy the mine and probably now has nothing but a bit of cash in a tin can. Some History.......
Overseas Market
Mogi: Barsbold Ulambayar (MPP) is the former environment minister, here's his self-profile, also behind the group that sold Khushuut to Mongolia Energy Corp. CICG trading suspension lifts today
LSE-Listed CIC Gold Proposes Reverse Take Over of Gobi Minerals
November 6 -- CIC Gold (LSE: CICG) announced a suspension of trading in the Company's shares on November 3, 2015 as the Company was in discussions regarding a proposed acquisition (the "Proposed Acquisition").
The Proposed Acquisition, if exchanged and completed, would constitute a reverse takeover under the Listing Rules. As the Company was unable to provide a full disclosure under Rule 5.6.15 of the Listing Rules, the Company requested a suspension of trading in its shares.
The Company is pleased to advise that the board of directors (the "Board") of the Company have agreed with the vendors to progress the acquisition of Gobi Minerals Limited for a consideration of £5,600,000 payable by the issue of 280,000,000 shares each with a half warrant to the vendors.
Gobi Minerals Limited collectively own a 100% interest (the "Interest") in mineral title Tsagaan Suvarga gold and copper situated in the South Gobi region of Mongolia located in the territory of Mandakh soum, Dornogovi aimag, 560 km from Ulaanbaatar city, known as Gobi Gold Project. It is located near Mongolian Alt Corporation now in production. The mineral lease has no proven reserves or resources and is considered green field.
The Proposed Acquisition will be subject to a number of conditions including due diligence, the production of a satisfactory Competent Person's Report, documentation, the raising of additional equity finance, the publication of a prospectus, the approval to the issue of new shares as consideration for the Proposed Acquisition by shareholders and Admission of the Company's enlarged share capital to the Main Market.
Board Changes and Management
HE Barsbold Ulambayar, who is an Independent Non Executive Director has been appointed Executive Director and Chief Operating Officer with immediate effect. Dr. Geoffrey P. Cowley, the previous Chief Executive, has been appointed Non Executive Technical Director.
Mr. D. Garamjav, who discovered the potential mineral resources in the lease area, will be appointed principal geologist upon the completion of the Proposed Acquisition. Mr. D. Garamjav discovered the world class Oyu Tolgoi gold copper deposit being developed by Rio Tinto/Ivanhoe.
CIC Gold has appointed Dr. Earl W. Abbott Independent Consulting Geologist to produce a Technical Competent Persons Report on the Interest. The Company then will conduct mineral asset de risk works and seek to divest its interests.
The de-risking phase may include some of the following actions:
· Compile a complete detailed technical report to Canadian NI 43-101 report;
(Alliance News) - Rio Tinto PLC on Wednesday submitted another takeover offer for Turquoise Hill Resources Ltd, the owner of Rio's massive Oyu Tolgoi copper-gold project in Mongolia.
Rio's new bid raises its valuation of the 49% of Turquoise that Rio doesn't already own to around USD3.1 billion, up from Rio's USD2.7 billion offer in March. Rio already owns the other 51% in Turquoise.
The London-based miner's new proposal values each Turquoise share at CAD40 per share, around USD31, up 18% from its March 12 offer of CAD34 per share.
Turquoise shares were last quoted at CAD30.19 in Toronto, giving a CAD6.10 billion, about USD4.69 billion, market capitalisation In the New York pre-market, the stock was up 22% to USD28.52, about CAD37.09.
Last week Monday, the Quebec-based Turquoise said Rio Tinto's original offer of CAD34 per share did not "fully and fairly reflect the fundamental and long-term strategic value" of its majority ownership in the Oyu Tolgoi project.
Rio Tinto noted that the offer is a 56% premium to Turquoise's share price of CAD25.68 on the Toronto Stock Exchange on March 11, the last trading day before Rio Tinto's first offer on March 14.
"The improved proposal reflects full and fair value for the Turquoise Hill minority shareholders and delivers the certainty of cash at a material premium," Rio said.
Rio Tinto shares were 2.1% lower at 4,939.00 pence each in London on Wednesday afternoon.
Part2
Usual practice for a Company of our status is for the Regulator to require a Sponsor. Due to the cost involved, the fact that the prospectus is non-offering (not raising capital) and the experience of the Company’s management and Board of Directors, the Company will seek a derogation not to have a regulated Sponsor. There is no certainty the derogation will be granted. The Appointment and Sponsor review can take up to three months.
2. What is the management performance since appointment on April 15, 2020?
The Company is pleased to provide the achievements of management since their appointment which became effective from April 15, 2020 where they replaced Board control from Innovative Medicine Partners, LLC (“IMP”).
Management and the Board of Directors have focussed on implementing proper stewardship on capital raised, noting that cash of US$3,800 at the time of assuming their positions was not sufficient to pay liabilities.
The objectives of the team, consisting of new and some legacy people, were and remain to increase shareholder value by:
· Establishing a governance framework
. Addressing legacy issues / conflict-of-interest / administrative lapses
· Preparing and secure listing of the Company
· Securing funding for activities and to meet liabilities
· Securing Patents in appropriate jurisdiction
· Acquiring FDA approval
· Completing design and development of the product
The table 2 below details the Boards performance and effective use of investor funds. The average monthly burn rate (amount of expenses per month) post new management is US$65,930 compared to US$186,167 under previous management.
Tabe 2
3. What is the Company target share price?
The peer companies used for the derivative analysis by the auditor as detailed in question 1 above shows at our current progression a share price between US$2.20 TO US$36.20 with a share price volatility of 22.2% (price rise or fall)
The Companies target share price is:
I) Short term US$0.60 to $1.20
II) medium term US$2.80 to $8.50
Please note that the Warrants issued has a doubling effect on return and investors.For future tax consideration investors should seek appropriate tax advice and can use the following method of Investment return calculation:
Shares issued + warrants multiply by share price subtract money paid = investment return
For US $100,000 subscription, shares issued 344,828:
344,828 (shares) + 344,828 (warrants) x 1.20 (target share price) – 200,000 (investment plus warrant exercise) = US$627,586
(capital again after deduction of cash investment)
www.InnomedTec.com
Billy Williams Disclosure Officer/Director +1 251 786 4695 BWilliams@InnomedTec.com
Repost of the info.........courtesy of Sparty on ADVFN Part 1
This share holder up date is response to questions being asked by our shareholders:
1 What is the expected listing date?;
2 What is the management performance since appointment on April 15, 2020?;and
3. What is the expected share trading price and share holder return?
1. What is the expected listing date?
The Company’s is not permitted or unable to promote an expected listing date.
The regulatory reviews of the prospectus are largely complete save for the review of any requirement for updated financial statements. The listing timetable is now solely on the regulatory review outcomes and our response to any additional requirement that are imposed beyond the standard form prospectus that the Company has provided. The Company can disclose matters that have impacted the timing to date. Initial reviews have required ten (10) different sets of financial statements to meet regulatory acceptance given the complexity of transactions and intangible asset valuations.
The initial filing was made in January 2021.
A three-month delay in late 2021 was due to the request to calculate and disclose a cost in the financial statements for the shareholder protection provision (Top Up) against a potential share price falling below US$0.29. This required a complex derivative calculation and an analysis of the volatility of listed peer companies over the preceding two years. The Derivative Cost is disclosed in the financial statements from Q3 2021. Q3 Financial statements reviewed with the auditor is a precedent interim financial statements and has been valuable in timely filings of Q1 2022 and most recently Q2 2022.
The Company has engaged with the Regulator throughout the first quarter. Subsequent to Q1 2021, the Regulator paused review until the completion of the independent audit of the 31 December 2021 Financial Statements that was completed in May 2021. In June 2022 there was a requirement for Q1 2022 Financial Statement to be submitted. The Company at the time of this shareholder update has completed Q2 2022 Financial statements and will be filed shortly. the Regulator also requires the quarterly financial statements to be submitted with a confirmation and comfort letter from the Company auditors, again a time and cost imposition.
RSM Canada, the Company auditors, have been very focused to speed up their review processes required because of the significant judgements required in our financial statement disclosures through derivative analysis. The depth of knowledge that they now have is of great assistance to the Company’s ability to respond to the Regulator’s requirements more quickly.
The Regulator has now requested the Share Purchase Agreement (former Class two members) be updated to meet their requirements. Those affected will receive an email of changes requested by the regulators.
Recent postings on this board have been removed.........why?????
Depends who's bottom drawer you pop it in :
https://www.thenorthernecho.co.uk/news/10969427.global-mine-owner-marry-chinese-tv-presenter-willington-church/
Where is he hiding . . . . .
This is one to pop in the drawer, douse with petrol, toss a match on it and walk away.
If Bromley was going to give us back any cash, even a few pennies, we would have had them long ago.
This really is one of those companies you can completely forget about and hope one day you’ll be surprised. Never know something promise so much but deliver so little over such time. It’s in the draw and maybe one day something will come if it
Would it be possible to
Post it on here please ?
Just received the update from Billy Williams forwarded to me by Stuart.
Would you kindly give us the source of this update?
There is nothing on SEDAR.
How many more years will we have to wait and will I live long enough?
I would love them to develop a drug to help me live longer.......150 years would do very nicely.
Is there no info about other clients of CIC Capital and CIC Securitization?
But they expect the list price to be significantly higher than 29 cents so let us see what transpires