The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I asked Stuart about the 2020 & 2021 financials for CIC Capital. Here is his reply.
Thank Ian,
Not sure as year ending Dec 31, 2020 and 2021 audit has not started. CIC Capital Ltd is a private entity and not required to be audited. Nevertheless, a formal audit will be required for regulated listing.
Following your interest in the financials of CIC Capital Ltd. we will conduct unaudited financial statement YE Dec 31, 2020 and 6 month interim to Jun 2021 over the next weeks.
All accounting transactions are uploaded on a two-week cycle to our accounting software by Shirley our bookkeeper based in Canada.
I will advise when posted on the website.
Also I believe it would be of interest to all shareholders details of all the CIC entities as I have seen quite a bit of miss information being pushed about.
Kind Regards
Stuart J. Bromley
There is much about all these deals I do not understand.
How come CIC Fund Ltd is going to be wound up when on the CIC Fund Securitisation website it says that they are the ASSET SERVER, TRUSTEE and the CALCULATION AGENT?
Looks like the new CIC directors of Innomed will do very nicely for themselves.
Hopefully, us long-suffering shareholders of CIC Capital will do OK, and if Innomed floatation is a success a lot more business will come our way.
KonarA........where did you see that CIC Capital is expected to buy up CIC Securitisation?
More info
https://patents.google.com/?inventor=Matthew+G+Mcintyre
Current Assignee Cic Fund Securitisation SA
https://patents.google.com/patent/US20200391006A1/en?inventor=Matthew+G+Mcintyre
US patent application from January 2020
https://uspto.report/patent/app/20200001045
I must say that Innomed Tech looks promising with its PureFlowCath.
My dad had a catheter and he was forever getting bladder infections.
If they get FDA approval and Patents granted which could soon happen as the patent applications were made in 2019 the company will be a big success story.
CIC Securitization and CIC Capital would benefit big as well.
See details in the Preliminary Long Form Prospectus.
https://www.innomedtec.com/copy-of-about
I just received an email from Stuart. My first email to him went astray.
Some comments from Stuart.....
"CIC Fund Ltd is CIC Capital Fund Ltd."
"CIC Capital Fund Ltd is dorment. In the current environment, CIC Fund risk profile is too high. A recent shareholders meeting voted in favor to dissolve the company at some future date."
"The timing will be when the shareholders whom received dividend share in CIC Capital Ltd receive a share value greater than that when invested in CIC Fund (3.7 UK pence)"
"CIC Capital Ltd held a recent shareholders meeting. Shareholders approved CIC Capital listing at a time there were a) tradable share and b) cash of value GBP15 Million."
"The deal flow is high in CIC Capital and is very difficult to give predictions. We will be updating shareholders on transactions every two or three months."
Comments about Innomed Tech.........
"That company CIC pulled out of a huge hole. The value at listing might be ok but if patents get approved then your looking at CAD$20 tocad$68 per share (measured against peers) CIC Securitisation S.A (Luxembo approved securitization entity has delivered EURO10 million with another 60 million available on call."
ALSO
"Please note the web name WWW.Securitisation.com This if sold would fetch over Euro 7 million. I not pulling your leg here. www.Fund.com which I owned and sold to a major bank sold 8 years ago at US$9.8 million."
"CICCapital.com has a multi-million offer from the large French bank CIC Capital which I will not sell. I hold over 90 high value domain names which I registered way back in the early 11900’s."
interesting...
Hypochlorous Acid is the same stuff I use to shock my swimming pool.
An $8 packet is sufficient to sanitize 30,000 Lts of pool water.
I sent an email to Stuart on the 16th of July and so far there has been no reply.
"What has happened to CIC Capital Fund?
Is it now called CIC Fund Ltd and do I own shares in CIC Fund Ltd?
I notice the CIC Capital Fund website no longer exists and the link goes to CIC Securitisation.
Any info about a listing and the progress of the CIC companies would be most welcome."
All the motions were passed with 20,218,222 votes and no votes against or withheld except motion four.
"All previous acts and deeds of the Board of Directors of the Corporation is hereby confirmed, ratified, and approved thereof."
This motion had 16,760,841 for and 3,457,381 against.
Seems that I need to take NADOVIM to Upgrade My Brain and ASEA Redox to get my cells talking productively again so that I might live long enough to see CIC Capital listed again.
I could also toddle along to the New York Center for Innovative Medicine and get some BioCharger Therapy so that I live another 69 years. Darn......I will have to go back to work again.
https://nycim.com/
https://innovativemedicine.com/
"Capital will list as will the large Pharmaceutical company with 3 of CIC directors on the board"
Why would a large Pharma company have three CIC directors on its board?
What can they contribute to a Pharma company?