Member Info for JohnnyTillit

Inge Leutscher former Cindrigo Independent Director and Chairperson of Audit Committee is now an Independent Director of CIC Capital.
Highly rated by SB... check her out.

Would I be right in assuming that in order for us to receive common shares as a dividend in Specie CIC fund would need to be listed?
From memory CIC Fund (a closed end fund) was the sole destination for these shares.

Looks like the show has finally hit the road, pressure is now on SB to deliver... good luck to him and his colleagues.

I'd except that if it was in stone Diddy!
Thanks for sharing your email mac.

That's a little over sceptical CM.
I agree there are parallels but cash (up front) is being generated in conjuction with shares. I guess the theory is cash to fund the listing, shares go in the kitty.
Can't considered the nav until the individual companies are listed, so far Cendrigo was a non starter (regarding the 600,000 shares) and the INTO sp is in sharp decline, however we have been assured things are progressing so keep your pecker up old chap!

So much promise, endless financial backing...what went so wrong!

https://www.thisismoney.co.uk/money/news/article-2382149/ED-WINTER-INTERVIEW-Reaching-African-skies.html

I wonder where dear old Ed is now!

JT (ex stalwart)

Looks that way Bob...loan repayment by cash and revenues.

Lolster,
As far as I'm aware CIC Fund has no holding in CIC Capital.
There is the promise of cash or shares to repay the outstanding convertible loan no later than the end of 2021.

I spoke to Stuart a couple of weeks back and he emphasisedid the importance of getting the listing documentation correct prior to it being submitted , this surely has to overwrite any time frame previously mentioned. I have no issue with this (as a shareholder TD) providing the listing is successful... and it's certainly no given.

Stuart admitted mistakes had been made and regulations seemingly changed at will dependant on who was at the helm at the regulators, I get the impression they are extremely cautious regarding the nature of the business and model proposed, there was also issues with Seychelles legislation etc but he was quick to add that all of this was adding to the knowledge gained buy the company.

I have to add Stuart was quite happy to discuss (again) all elements of the group at length, give detailed replies both positive and negative and a suitable level of assurance... for now.

...indeed Lolster/macnai, that was the basis of my post earlier in the week.

I guess if China Energy is funding them why bother, on the upside this is further example of China"s business strategy and SB/CIC look well positioned to benefit.

... if Stuart is involved in pairing these guys then things look promising.
Prospectus states;
Cindrigo Energy Ltd. 600,000 issued at US$10.00 per share

...and Cindrigo Energy which Stuart was advising. Cindrigo's new waste incinerator in Ukraine is being wholey funded by China Energy Ltd for a cool €160,000,000
They are looking to list on TSX asap.
https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00047405

Just noticed that we can now pin CICC to the quick picks on this new LSE platform... but surprise surprise it disappears when you leave the page!

Thanks CB, HL look to be ok for TSX trading and reasonably priced. I'll set up an account when we get confirmed listing dates.

Thanks to those who have posted the updates, I did get a message from SB to call him but not got through as yet, I'll try again next week.

Has anyone been requested by SB to provide information regarding moving there shares from non Canadian trading brokers?

I will need a new broker as information is currently logged with Halifax (if this is still relevant).

TDm

https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00047405

Not sure if we're to gain from this one?

We've now broken through 128p which was the result of the first bombshell.
Still adding to the pension fund?

Sensible trading Chris, 20% of mine went at 85p and another 20% today. Imo we'll take a breath then see further gains to around 135p (next target). Has to slow at some point!

GL

For those who are interested I found this online from a company named Repairagus AB regarding Cindrigo Energy.

Direct translation from their website.

Swedish HOME

In addition to the obligatory share capital, Repairagus AB has only one asset - an option agreement to buy shares in CINDRIGO Energy.
CINDRIGO Energy is a company within renewable energy based on long historical Swedish renewable energy competence and experience of "WTE / Waste to Energy" technology. The company has filed an application for listing on Toronto's headline and is expected to be listed during the summer.
The seller (the counterparty in the call option) is one of CINDRIGOS major shareholders and who needs to get rid of liquidity for the development of existing operations.
The Repairagus Board has made the decision to use this call option as soon as possible and has therefore also decided on a new share issue in order to raise the required capital. The price per subscribed preference share is SEK 55 and the maximum number of issued shares is set at 450,000.
Repairagus has signed an assignment agreement with the Lund-based company Crowdproject with the intention that Crowdproject has the exclusive right to market this issue via their digital portal www.crowdproject.se.
For each newly signed preference share in Repairagus, the corresponding number of shares will be purchased through the above option agreement. In this way, Crowdproject's customers can, via their portal, subscribe for shares in Repairagus AB and thereby become indirect owners of the corresponding number of shares in CINDRIGO Energy.
As soon as the CINDRIGO share is listed, Repairagus intends to redeem all preference shares and provide the corresponding number of CINDRIGO shares in exchange. If, for example, you have signed 1,000 preference shares in Repairagus, you will then receive 1,000 shares in CINDRIGO through redemption.
More information about CINDRIGO:
Website
Shareholder letter CINDRIGO
Analysis CINDRIGO

GL.