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Batboy didn’t like the mood music
"CIC Capital Ltd held a recent shareholders meeting. Shareholders approved CIC Capital listing at a time there were a) tradable share and b) cash of value GBP15 Million."
Unfortunately that part is very much true. Shareholders did vote for that. As well as a resolution ratifying all the actions of the Board for something like the last 10 years.. which was a bit like lemmings going over a cliff.
Yes............What Stuart is telling us does not make much sense.
We need clarity from Stuart.
macnai - what a load of BS !
"CIC Capital Fund Ltd is dorment. In the current environment, CIC Fund risk profile is too high. A recent shareholders meeting voted in favor to dissolve the company at some future date."
WHAT VOTE ?
Broadley emailed me a few years back suggesting that I revert to yourself - why I wonder ?
Again WHAT VOTE ?
Not ONE of the Nominees that I hold with were advised of a vote much less invited to participate in.
"The timing will be when the shareholders whom received dividend share in CIC Capital Ltd receive a share value greater than that when invested in CIC Fund (3.7 UK pence)"
"CIC Capital Ltd held a recent shareholders meeting. Shareholders approved CIC Capital listing at a time there were a) tradable share and b) cash of value GBP15 Million."
Complete ****** & you know it ! Shame on you.
There is much about all these deals I do not understand.
How come CIC Fund Ltd is going to be wound up when on the CIC Fund Securitisation website it says that they are the ASSET SERVER, TRUSTEE and the CALCULATION AGENT?
Looks like the new CIC directors of Innomed will do very nicely for themselves.
Hopefully, us long-suffering shareholders of CIC Capital will do OK, and if Innomed floatation is a success a lot more business will come our way.
KonarA........where did you see that CIC Capital is expected to buy up CIC Securitisation?
furthermore... when was the recent shareholder meeting in CIC Fund, where it was voted to wind up the company? I wasn't invited to attend or vote.
1: Advisory and Investment business was together under one company.
2: Advisory and investment businesses were separated out into two companies. CIC Capital offering advisory services and CIC Fund offering investment. Shareholders owned shares in both.
3: CIC Fund is now dormant and voted to be wound up. What happened to the money within that business, owned by the shareholders?
4: CIC Securitisation gets spun up by Bromley
5: CIC Capital expected to buy up CIC Securitisation.
So Bromley has wound up one investment vehicle with no sign of a return to shareholders, and has now separately created another company, owned by himself, that he plans to sell back to us.
You ok with all that?
I don’t think his email says that. Value of CICCapital will more than cover closing of CICFund (3.5P).
So CIC Fund (which we all owned shares in and was supposed to be the investment vehicle) - is being wound down, and being replaced by CIC Securitisation which is 100% owned by Bromley.
I just received an email from Stuart. My first email to him went astray.
Some comments from Stuart.....
"CIC Fund Ltd is CIC Capital Fund Ltd."
"CIC Capital Fund Ltd is dorment. In the current environment, CIC Fund risk profile is too high. A recent shareholders meeting voted in favor to dissolve the company at some future date."
"The timing will be when the shareholders whom received dividend share in CIC Capital Ltd receive a share value greater than that when invested in CIC Fund (3.7 UK pence)"
"CIC Capital Ltd held a recent shareholders meeting. Shareholders approved CIC Capital listing at a time there were a) tradable share and b) cash of value GBP15 Million."
"The deal flow is high in CIC Capital and is very difficult to give predictions. We will be updating shareholders on transactions every two or three months."
Comments about Innomed Tech.........
"That company CIC pulled out of a huge hole. The value at listing might be ok but if patents get approved then your looking at CAD$20 tocad$68 per share (measured against peers) CIC Securitisation S.A (Luxembo approved securitization entity has delivered EURO10 million with another 60 million available on call."
ALSO
"Please note the web name WWW.Securitisation.com This if sold would fetch over Euro 7 million. I not pulling your leg here. www.Fund.com which I owned and sold to a major bank sold 8 years ago at US$9.8 million."
"CICCapital.com has a multi-million offer from the large French bank CIC Capital which I will not sell. I hold over 90 high value domain names which I registered way back in the early 11900’s."
interesting...
I sent an email to Stuart on the 16th of July and so far there has been no reply.
"What has happened to CIC Capital Fund?
Is it now called CIC Fund Ltd and do I own shares in CIC Fund Ltd?
I notice the CIC Capital Fund website no longer exists and the link goes to CIC Securitisation.
Any info about a listing and the progress of the CIC companies would be most welcome."