Stuart4 Feb 2022 13:19
Thank you for your time and courtesy,
Again feel free to share this email with other shareholders.
There is a lack of legal understanding. I am not opposed but support any shareholder to ask questions by simply emailing or calling me. It's interesting these persons never do. Why? Because they are not shareholders.
A solicitor engaged by shareholder asking questions is such a stupid idea as we simply will not engage in providing discovery without court supervision and proper due process. If they really want to go legal simply pay legal counsel about CAD$4,000 to make an application to the court for leave for a derivative action. This means that if they view the shareholder is oppressed, they will approve the action and the company has to pay their legal costs. So if a minority shareholder is not happy and if the majority of shareholders have voted on a corporate action, then the management must follow their voting and disregard the minority shareholder.
This is why I never vote my shares, board resolutions are taken by the board and properly minuted. Saying I have control really shows no understanding how companies operate and as such should not be involved in investing in companies. Shareholders has full rights to ask to look at the minute book which has everything in it. It has to be done in person at the registered address. If a qualified shareholder contacts me asking for the process I would absolutely assist.
CIC Capital Ltd, CIC Gold and CIC Securitisation are all private companies. CIC Fund which is where most of the shareholder bought on the market and regulated, is the only entity they can make the action stated above.
Now on some of the companies mentioned that we are assisting through CIC Capital Ltd as Transaction Advisor: -
Detroit - the value to CIC is the largest shareholder whom principals are good friends of mine and the worlds leading jewellers, luxury hotel owner operator (guess the name - rebuilding the American Embassy London into one of their hotels) paid us to introduce them to Securitisation specialists. Our recommendation was that the risk of debt finance for Detroit would be too high. They took that advice. They have provided over Euro 20,000,000 to CIC securitisation fund for medical device companies debt finance. Trolls again have no understanding in the maintenance of business relationships which is very hard work.
Intosol and Peal - both heavily impacted by COVID. All their advisors and key supporter ran for the hills. CIC stepped in and supported then through a very tough time. CIC demonstrated that we would be there is the toughest times in full support and no fee. Again why? The shareholder behind them is one of Europes wealthiest families. Building relationships is best done in the toughest business cycles of potential client companies.