The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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I have had no info concerning free Innomed shares from Kevin or Stuart since the AGM.
Offering free shares of a company does not seem the right thing for a company to be doing that aims to list on a stock. market.
I think that CIC Gold is a dead duck. They never actually owned the Mongolian property and I cannot see Stuart tramping around in the Mongolian desert. The board of directors are getting too old for that soart of thing.
are we saying cic mining is about to start a business selling medical devices??
i'm keen to understand where cic gold is, i thought we had land in china and mongolia that was to be mined with great potential.
show me the money....
Page18
2.6 Securitisation of IP Financing
The Company intends to finance its medical device subsidiary companies in the majority by Luxembourg Securitisation debt financing.
Securitisation under the Securitisation Law is a transaction by which a securitisation undertaking acquires or assumes, directly or through another undertaking, risks relating to claims, other assets, or obligations assumed by third parties or inherent to all or part of the activities of third parties and issues securities, whose value or yield depends on such risks. Securitisation is the pooling of intangible assets, namely patents and financing the acquisition of these pooled assets with the issuance of debt securities.
Compartments
Under the Securitisation Law and the articles of association (status) of CIC Fund Securitisation S.A., the board of directors (conseil administration) of CIC Fund Securitisation S.A. may create one or more compartments, each corresponding to a distinct part of the CIC Fund Securitisation S.A.'s assets and liabilities, such that the assets of a compartment are exclusively available to satisfy the rights of the investors and creditors of that compartment and that recourse of a compartment's investors and creditors is, by law, limited to that compartment's assets. One of the segregated compartments of CIC Fund Securitisation S.A. is Compartment PureFlowCath.
Stuart J. Bromley is the one hundred per cent (100%) beneficial owner of CIC Fund Securitisation S.A. and a thirty-two per cent (32%) owner of CIC Capital Ltd.
https://www.sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00048771
News on sedar today
Hopefully, we will get more info from Stuart or Kevin after 8th March.
Form of Proxy - Annual General & Special Meeting to be held on March 8, 2022
Ordinary Business
1. To receive and consider the audited consolidated financial statements of the Corporation for the 12-month periods
ended 31 December 2020 together with the report of the directors and auditors thereon.
2. To elect directors and determine the number of directors at five (5) in accordance with the Corporations’s
articles of association.
3. To appoint auditors and to authorise the directors to fix their remuneration.
8. To transact such further or other business as may properly come before the Meeting or any adjournment or adjournments
thereof.
Form of Proxy - Annual General & Special Meeting to be held on March 8, 2022
Please email Proxy form to: Bromley@CICCapital.com
Please email on or before March 6, 2022
Name Age Position Appointment
Terrence Larkan 60 Chairmans /CFO March 23, 2020
Robert L. Rhodes 63 CEO / Executive Director March 23, 2020
Dr Marshall K. Walker MD 40 Non-Executive Director March 23, 2020
David Toyoda 54 Non-Executive Director July 1, 2020
Billy R. Williams 43 Non-Executive Director March 1, 2021
4. To adopt, by special resolution, the new Articles of Incorporation.
5. All previous acts and deeds, of the Board of Directors of the Corporation is hereby confirmed, ratified and approved
thereof.
6. To authorise the award of 500,000 warrants to each Director including subsidiary Directors.
7. To approve the transfer of all patents and patent applications to CIC Fund Securitisation S.A. to secure debt financ
up to Euro 90,000,000, and further authorise all deeds and acts related to the securitisation transaction
8. To transact such further or other business as may properly come before the Meeting or any adjournment or adjournments
Some posts have gone missing.
Have the Russians hacked LSE
I have 104,000 CIC Capital shares sitting in my account from 2015, is anything going to every happen with them? Have I missed something I was supposed to do?
I'm glad I ditched Aim shares for crypto..would never buy aim again..
no legal advise, no legal challenge, no groups to join as done that once before and you take your chances, place your bets!!! none or little benefit i dont believe so its all now on cic as it always was and of course the shares where written off a long time ago.
I’ve cic shares all over the place! Gold, capital and the others. Held years, had a few conversations with Stuart over time as he’s now in the uk but no new offer of shares, I did once get offered more of the other shares with warrants etc but turned them down gladly now looking back.
Silence, nothing so not holding out, would be the biggest bonus of all time if any of these ever came back. Gla
Posting in case anyone needs it:
https://www.innomedtec.com/copy-of-about
+4407311400014
+8613601131912
BROMLEY@CICCAPITAL.COM
Hi all,
I own 287236 shares in CIC Capital Ltd and 71684 in CIC Gold. I'm a bit confused with all of this!
Can someone please post a telephone number and e-mail for Stuart so i can contact him direct?
Thanks,
Gra.
The right questions are being asked. Outside of the 22 that are receiving dividends and having the extra 5:1 shares paid for by CIC, will the additional 159 shareholders have to purchase $millions in additional shares to meet the 5:1 requirement? Have they agreed to do this and at what timeframe do they have to complete the transaction post listing?
It looks like there will not be issues hitting 200+ shareholder base when you add up the additional shareholders in the prospectus who were owners in the original catheter company. It also does not look like they have to purchase 5:1 shares, which makes sense as they are not receiving dividends through CIC.
Not sure about what the price will be though after listing. If patents keep maturing then I imagine it will add value to the company. How does that impact the 5:1 purchase agreements?...
The catheters would need to be manufactured and tested using the 10 million Euros so far raised using the patents as security.
Mac what would happen if all 5 patents are granted before the listing.Would the share price be far greater than the orginal 29 c .Would you all have deep pockets to buy the 5 :1 shares on the day of listing.
Payment will be wanted by cicc may be before listing you may end up in a ponza situation where you all are trying to sell the shares to make payment making huge losses or the demand is so great the opposite happens.
Had no contact with Kevin.
All these deals are to create a false market in Innomed shares just like what happened to CIC Gold except they never came through with deals to keep the pot boiling and CIC Gold withered away.
Thanks genisises2 - I've had a quick look back and you're right re the 29cents
Innomed's Non-Offering Preliminary Prospectus of 12th Dec 2021 shows prior purchases at 29cents and Note 8 in their 31st Dec 2019 and 2020 Consolidated Financial Statements show shares issued at 29cents
The same Note 8 then covers the 5 in 1 puchase but does not state an amount, but does state '.... required to purchase 5 common shares on the market for each common share issued to them when the Company is listed on the designated exchange'
I'd also assumed 0.29 was CA$ but the accounts are US$
I am not a troll, just running out of time as I was 68 when I invested. 77 now.
Glad to see this board so busy, hope some good comes from the last few weeks.
No. I am not one of the chosen ones.
I would have prefer a prospectus sent on the company and dividend for ALL Cicc shareholders to be able to make the decision to take part.From records their are only around 70 shareholders in Cicc so the rest must be coming from his Angel investors.
Will contact him by email
He didn’t mention anything about having to purchase anything . He mentioned the dividends and he said we will hear news soon. He is interested in talking to genuine shareholders .
Thats my take on the situation but the shareholder will have to purchase at the listing price.Could be higher
If the shareholder doesnt purchase the shares i assume cicc can take your dividend shares away not just from innomed but also from cicc for non compliance .It will be a legal binding contract like i had with another company.
Bansky what did stuart say to you.