Member Info for KonarA

I'm sure some will be reading my posts thinking i am an out of touch, rose tinted ramper. But TBH i am already resigned to the fact that I can have no influence on the outcome, and so have to accept the fact that we either win big or lose big. Getting angry and focusing on the negatives isn't going to change anything.

Some more thoughts... i'd hazard a guess that the majority of us invested in this share as we saw a big disparity between the share price and the possible asset value. Ultimately we hoped that post IPOs, the CICC shares would get a major re-rate and we would all be quids in. Right? Well how does this plan differ from that? The company (and it's legion of advisors) who hold more information than we do, think a main market listing is the best stratergy to achieve this. Whilst i think it is a huge undertaking, and more than a little bit risky - i can't fault the logic. They already have the basis of a prospectus in the AIM listing document. The accounts have been published and audited for long enough. If it wasn't for the manner in which it is taking place (delisting), then everyone would be jumping for joy at this news. Time will tell if they have over-reached - but i wonder if they are trying this, safe in the knowledge that they could RTO back onto the AIM market if the main market listing failed. For me this share was always a "bit of a gamble" and i accepted that i had a good chance that i would lose my investment. Nothing has changed.. the stakes have just got higher!

we were informed of the notice period in febuary. You had chance to sell up after that.

Someone didn't get the memo ;)

You have read the the RNS yesterday right?

????

While I remain largely sceptical, I have had chance to consider some key points from the RNS. Firstly, the fact that CICC disclosed they were negotiating with a Nomad doesn't necessarily mean anything sinister. Common sense suggest you would continue down the road of appointing a Nomad while carrying out a strategic review. It would be no good coming to a decision down the line that staying on AIM was the best option, but it being too late to appoint a Nomad. Secondly, the RNS specifically states a "Standard Listing" on the main board. This is an LSE term for the less stringent main board listing, requiring the applicant to only meet the EU minimum requirements, and not the UK "superb equivalent" rules. Finally, the LSE guide to market listing states that you should appoint the advisors and begin to prepare the prospectus when 12 weeks out from listing. If they have been working on the documents already, then we may not be as far from a target date as we first thought. However I agree with the earlier poster that said CICC need to knuckle down and deliver the IPOs if they have any hope of being taken seriously. But after all that... I didn't think they would delist - so goes to show what I know.

The advisors to the four IPOs were appointed a fair while ago. By now the Board should have a very good idea of just what CICC could be worth. If they believe there is a big disparity between current SP and where the IPOs will take us, then it makes perfect sense to go for the main market. But I can't help but feel that the 11th hour nature of this announcement smells of plan B. I can only guess that they used the full suspension period to progress the board plans without paying for a Nomad, and that the AIM delisting is a cost saving initiative whilst transitioning. I want to believe this is the perfect scenario... But I'm too long in the tooth to believe unconditionally. The age old adage of "If it looks too good to be true..."

The best possible outcome... or the worst outcome. I'm not sure yet.

i sleep with my thinking hat on ;-)

IMHO i would expect confirmation of the share transfer today, and an RNS notifying appointment of Nomad at 7am tomorrow. I say that only because all "Change of Adviser" notifications across all AIM companies seem to come out at 7am. But again... thats just my opinion. It could come at any time. I can quite well imagine SB sat in a room with the Nomad, awaiting final confirmation of share transfer, with a contract on the table between them.

I'll stick my neck on the line and say... The primary function of the Nomad is to ensure that the Company is being opperated soundly and according to the rules of the AIM market. The inability to pay the promised dividend seems to me, to be the only obvious breach of rules/guidance. I would expect a Nomad to be appointed soon (they have had two months!). IF (and it is still an IF..) a Nomad is not appointed, then that does NOT look good for the future of CICC. It would suggest something else is deeply wrong. I'm still hopefull for the appointment. I've been saying since day one of the suspension that a Nomad won't get appointed until the share registry is resolved. AIMHO.

CIC Capital are now added to the Client List on Computershare. May seem insignificant, but we were not on that list yesterday. I take it we can assume the share registry has been transferred succesfully. I still firmly believe this is pivotal in the appointment of a new Nomad. Until this is resolved, CICC cannot pay the dividend they promised. I would suspect this constitutes a breach of acceptable behaviour for an AIM company, hence the Nomad won't sign until resolved. AIMHO. https://www-uk.computershare.com/Investor/CompanyList.asp?letter=C&range=5&cc=UK&lang=en

thatsould read "with no Nomad to CICC"

my nagging suspicion with that quote.. is why is the Noman relevant to Balfour and Jarada? The shares they are purchasing are pre IPO shares in CICG and CICF, both of which are independent of CICC. Are they suggesting that with Nomad to CICC, then the IPOs may not go ahead as scheduled?

Web page pudated this morning to Change Cairn from Nomad to just Financial Advisers.

Is anyone familiar with the AIM rule, or had confirmation from the company, as to when the actual deadline is? Is it COB today, SOB tomorrow, or COB tomorrow?

I have read an explenation for this before whilst researching, but off the top of my head i cannot remember exactly where. I think it may have been in background write up, included in the Geolocial Survey. I think it had something to do with the shares issued for the database of potential gold mines in China, that the company purchased in roughly 2007. I may have remembered that wrong though.. If i get chance i will look it up later.

TGL recently replaced the board of directors. This was after CICC announced they were in discussions with another company, and that agreements had been drafted awaiting the resolution of the Crest issue. Why would TGL replace the Board, if all they were waiting on was the signing of the drafted agreements?? I could be wrong, but the time lines just don't sit right for me.

i posted this a few months ago as a possible target. Still could be, but the recent developments there make me think not.