latest24 Jan 2020 10:12
We refiled a new prospectus CIC Capital Ltd on 23 Dec 2019 with the increased revenue (fundamental change). So we have three months to get it approved or new application.
The reading, reply and response is advanced. Once approved we need to go through the TSX review so a way to go yet. Basically you follow regulator and exchange time lines, all you can do is respond.
If successful CIC Capital will the the first advisory firm on the TSX.
Also on the 3 January 2020, CIC received approval and business license for Luxembourg Securitisation. Extremely difficult to obtain and we are the only smallish company to be granted securitisation approval. This is where a lot of deal flow and revenues will be driven from.