Very austere and looks to be still under construction. The light on the home page looks to be a fluorescent......very old tech.....I would prefer an LED light. The PDfs are the same as the old site and I see nothing new. No photo gallery which is a good thing in my opinion.
Doing a bit of research to see if I can find anything new on CIC Capital and did a search on Inge Leutscher our Independent Director. Her original web site based in the Gulf seems to have gone away but I found this site for Excellence International where she is President. http://excellence-international.ch/magazine/ Maybe an example of the rewards we will reap when CIC Capital floats.
With Governments flooding the world with cash I can see inflation and a rise of the gold price as people seek somewhere to protect their capital. Copper should also do well as the other problem the world is facing becomes more urgent. CIC Gold has a good chance of finding both metals on its property.
Prospectus filing and review is a five-step process: 1.File a preliminary prospectus with the Exchange, your home province securities commission and other provincial jurisdictions where shares will be sold. 2.Regulatory authorities review the prospectus and inform your professional advisors of any deficiencies. 3.After all deficiencies are cleared to the satisfaction of the regulators, file an amended prospectus in final form. 4.The securities commission will issue a final receipt as acceptance of the prospectus. 5.This approval allows your company to begin selling shares in the provincial jurisdictions where a final receipt has been issued. Am I right in thinking that the issue of this receipt is stage 4 of the process and we may not have to wait another 6 months and that the shares could be trading in 2 weeks or even Monday?
"RECEIPT CIC Capital Ltd. This is the receipt of the British Columbia Securities Commission for the Amended and Restated Preliminary Long Form Prospectus dated March 18, 2020 amending and restating the Preliminary Long Form Prospectus of the above Issuer dated December 23, 2019. March 18, 2020 Michael L. Moretto Michael L. Moretto, CPA, CA Chief of Corporate Disclosure SEDAR Project Number: 3003035"
This filing updates increased revenue and compliance to new regulations and in particular to new accounting standard IFRS 15. The prospectus is in final form and recently passed over to the exchange for their review. Once that happens we will make an application to waiver regulated sponsor requirement due to the capacity of the board which have many years of regulatory experience.
Client listings are also well advanced and will see non booked revenue measured at share value, around CAD$3.8 Million.
The CIC securitisation advisory services is generating very significant cash after being awarded by Luxembourg regulators our securitisation license on 3 Jan 2020. Who would think little CIC would be authorised against the big funds and banks. We will develop this platform and is our greatest revenue generator.
I am pleased to attached a brief on securitisation as will be informative as to CIC value proposition in the future. I have also attached a note on IFRS 15 (new accounting rule) which will give much better transparency to where our income comes from.
Also as we get through the listing application we will add 13 new clients.
Intosol news from 3Feb. Looks like they plan to get the company moving forward. "The appointment of Terrance A. Larkan as Chairperson of the Audit Committee. Mr. Larkan was former head of Corporate Governance Barrick Gold (Forbes 2000 list) and brings a wealth of regulated public company expertise. Mr Larkan is a Director of CIC Capital Ltd whom is an advisor to the Company and as such Mr. Larkan is a related party and will abstain from any matters relating to CIC Capital Ltd."
An expert on viruses was speaking the other day. I his opinion the virus would fade away with the warmer weather of summer. Viruses are killed by the UV light in sunlight and temperatures of 30C and high humidity. So we will all have to go on holiday but don't go to Tenerife or they will lock you up in stuffy air conditioned hotel with possibly one Corona victim so that everyone in the hotel can become infected.
CIC Capital LTDCOM SHS NPV (DI) had a name change to CIC Capital Fund. CIC Capital Fund and CIC Capital have had 1 for 10 share consolidations so that if you had 1000 of each you now 100 of each. CIC Capital will float shortly on the TSX Venture Exchange in Canada and I would hope for at least 70 cents a share. CIC Capital Fund and CIC Gold are to float on the TSX sometime. I hope this helps and I have my facts right.
It is very encouraging to see CIC Capital on the Sedar Profile page. Looking more likely that we will have a successful floatation on the TSX Venture exchange. Don't forget that we are helping young companies and there are bound to be some ups and downs along the way. Merry Christmas and a Prosperous New Year to all you good folks.
I notice that the net site of Detroit Electric is unavailable. CIC Capital Fund site is still not available and if anyone is interested Alpha Growth site is under maintenance and people are expecting big things from the company.