@ dumbMoney - I was researching what would be the meaning of undertaking to pay damages in this announcement yeaterday.


Further to the announcements dated 19 November 2021 and 17 December 2021 in relation to the Interim Injunction Application (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.



Further to the hearing held on 21 December 2021, the Board of Directors of the Fund wishes to announce that on 21 December 2021, the High Court of Malaya Kuala Lumpur had granted the following ad interim injunction Orders upon ICAP's undertaking to pay damages, until the disposal of the Originating Summons No. WA-24NCC-517-11/2021 or until such further orders of the High Court of Malaya Kuala Lumpur:-

an injunction to prohibit CLIM either by itself and/or through its nominees, agents, clients and/or employees, from acquiring any further shares in ICAP and/or increasing its aggregate shareholding in ICAP beyond its current aggregate shareholding of 21.955% of the total issued capital of ICAP as at 14.12.2021; and
in the event CLIM either by itself and/or through its nominees, agents, clients and/or employees, sell and/or dispose-off and/or reduce its aggregate shareholding in ICAP to below 20% of the total issued capital of ICAP, an injunction to restrain CLIM either by itself and/or through its nominees, agents, clients and/or employees, from acquiring shares in ICAP that would result in an increase in CLIM’s aggregate shareholding in ICAP in excess of 20% of the total issued capital of ICAP.
The Fund will make further announcement on the developments of the above matter as and when is necessary.



This announcement is dated 21 December 2021.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3220539

Your answer is clear to me what it means, if we take the volume from 21 Dec 2021 till 2 Aug 2023 and charge it iCAP, I am wondering how much does it cost ? 😥😥😥That will be 0.36/share compensation for every missed opportunity to buy. Caesar will surely will be stabbed to death.

>>>>>>>>>>
I am surprised that up till now, COL has not yet sued iCap for damages from the wrongful injunction the latter had obtained upon undertaking to pay damages. Instead of being able to buy at around the $2 level, it is now forced to buy at the much higher prices. That is cause for action.

In 2012. Or any other persons have witnessed the whole episode so that this story of COL being linked to that drama is clear to all?

Would you mind to clarify on the nomination of directors being linked to COL?

@dumbMoney. Soli if I got the facts wrong. You can how wrong I am by retelling the story in my own words. Clearly the toxic is too deep.

@Jun😂😂😂😂

Hali ini dalam sejarah. love to buy history book - usually very thick and very cheap - better value than iCAP!

Haha...it was all started with a topic of imaginary enemy. So the fund manager do all kind of things hitting the imaginary enemies but recently is getting too much by dragging sympathizers or grassroot people with dissatisfactions into the muds.

May be because of one of his perceived enemies with past background of doing the major shareholders of closed end funds a favor. Those major shareholders with almost like 40%++ ownership with shitty performance. They were too embarrassed to close down the funds by admitting their shitty performance problem that reflected in persistent discounts.

Give you one of the examples : Amanah Millenias Closed End Fund.

Even our beloved fund managed was quoted by newspaper in year 2007.

"Capital Dynamics' Tan described the winding-up as “not surprising” and expected. The fund’s net asset value had gained some 9% since its inception but was said to remain unattractive when compared with fixed deposit rates. "

https://www.thestar.com.my/business/business-news/2007/07/03/impact-of-amanah-millenias-windingup-minimal

So they voluntary closed down the fund as requested by shareholders with heaps of relieves, losing a bit of fees but big face saving.

Since then, the fund manager suffered hallucinations of "Brutus" to live freely, without collecting a single sen of rental", in his minds. Perhaps COL entrance with 12% ownerships in 2012 wanted to elect some directors of their own, it is very normal for any public company to do that anyway. After the big drama and like small kids screaming, throwing tantrum, threatening to resign - COL did nothing to him. He leave him alone to choose all his directors for the past 10-11 years.

@dumbMoney went back to help him to do a therapy at no charge, why he got this sickness by going back reading iCAP constitution and found out it is take over proof and the fund manager position is unshakeable.

reproduced @dumbMoney post now >>>>>>
The constitution is custom tailored, from the way the clauses are drafted. If iCap is no longer managed by CDAM, it can no longer use the name iCap, as the IP rights belong to CDAM. How many investors take the trouble to go through the constitution to read the fine print before investing? I didn't until now because of the foreign shareholdings limit issue. Interesting reading on corporate control.

>>>>>>>>>>>

Then i3lurker added this comment, IP is not that great because

>>>>>>>>>>>>>
iCap is lousy name extreme bad feng shui so TTB is welcome to take it back.

iCap means income is Capped, you will make small money only.
>>>>>>>>>>>

😂😂😂

Sekian Terima Kasih.

I see.....then Caesar needs to buy iCAP till 38%...don't ka ka jiao jiao through his small companies 😎

haha.... I may take Casino bet by not iCAP. Very bad feng shui as pointed out by i3lurker. Income Capped. Making small money only

>>>>>>>>>>>>>>>
Or maybe you are also a casino regular, playing sic bo betting on 666 for a fast money payoff at 150 to 1. If so, I would advise you that the true odds is 216:1, the casino is ripping you off.

>>>>>>>>>>>>>>

I hope the fund manager will stop his irrational fears. Brutus existed in his mind all these while?

So why murder Caesar?

One thing I want to be clear, I have no part of Brutus because if you read the second part, the conspirators caused the downfall of the Rome empire.

By now Patient Investor will know how many shares I got --> 1 share 😂😂

Hence FastMoney666😂😂

"For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows." 1 Timothy 6:10

Murid murid, kelas sejarah ini hali😂😂

"Julius Caesar was assassinated by a group of senators on the Ides of March (15 March) of 44 BC during a meeting of the Senate at the Curia of Pompey of the Theatre of Pompey in Rome where the senators stabbed Caesar 23 times. They claimed to be acting over fears that Caesar's unprecedented concentration of power during his dictatorship was undermining the Roman Republic. At least 60 to 70 senators were party to the conspiracy, led by Marcus Junius Brutus, Gaius Cassius Longinus, and Decimus Junius Brutus Albinus. Despite the death of Caesar, the conspirators were unable to restore the institutions of the Republic. The ramifications of the assassination led to his martyrdom, the Liberators' civil war and ultimately to the Principate period of the Roman Empire."

https://en.wikipedia.org/wiki/Assassination_of_Julius_Caesar

Small matters......but I will keep this whenever he challenge me the sell is NEVER

He initiated lawsuits against COL around that time.....must be fat fingers

The fund manager really confused me.

Found this during my myth busting research:

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3219052

Buy and hold forever, CD S/B disposed shares on 13 Dec 2021 - 13,000 shares at 2.40/share. He must be feeling very painful. NAV on 16/12/2021 was 3.64, he sold at the discounts of 34%.

🤔

😅🤣😜

Please do not compare to WB. WB is going all in with all he has in Berkshire Hathaway and taking $100,000 salary per year. He doesn't charge fees based on Book Value while owning 38% of Berkshire. Huge difference!

His son is also a director of CDAM. I think it is a dynasty in the making. Peasants must be thinking there will be forever prosperity.😂😂

@dumbMoney - one more fake news...You are the conductor of all these chaos. All other myths already busted.

Good luck....my poor dumbMoney.

The magic number they are working on is 38%, same like WB. 😂😂

Since their holding period is till eternity....

For now, they acted like a buyer of last resort.....swallow up all the desperate shareholders who want to exit at a discounts. They also design great plans to eliminate COL as a competition to buy more at discounts.

😎

@fairplay. Congrats. You're the awaken lion now. 🦁. Public Enemy #9

Stockraider name must be put up there as #7, I still can accommodate as #8......in case got more, no problem, I can let them jump Q

Oh my poor dumbMoney...I am so soli.. Wat hv they done to u?

I think so....the slide sounded something like this.....Item 7 Winding up - 20% shareholding limit blah blah....he put up 6 names public enemy .... then blah blah.....Key Question In a winding up scenario, what happens to the proceeds received? Reinvest?

*request him to say sorry

Back to more serious stuff posted by dumbMoney. The fund manager is waiting for a big bear market to visit our Boleh land. So he thinks with 67% cash, he can double or tripple that. Mana tau - our market x hidup x mati....he just caught with cash for a long time. Finally Covid 19 had given him some opportunities to put his cash to work. If he say this sorry, I think I made a wrong call...everybody will say, it's okay, shits happen, let's move on. He did the opposite.

Saying sorry is very hard thing for him. That is why my #1 personal agenda is to say sorry.😂😂

OMG! I don't want to be No1, Can I be #7, since first 6 already taken?

007 is sounds a lot sexier 😂😂
>>>>>>>>
With Deep Regrets
I hereby inform you that you have now become Imaginary Public Enemy No. 1 🤣

Funny eh --- we keep saying iCAP won't be closed down, share price keep staying so steady. Whole market today losers to winners - 7 to 1

Best way to fix iCap we keep quarreling 😎😂😂

Lai yah Lai yah....

Malaysian can, iCap cannot cox TTB said if you are not a shareholder, why ka ka jiao jiao?

>>>>>>>>>>>>>>
are you saying Malaysia very busybody?, no share, no land in Gaza go kacau kacau?

"maybe berkshire hathaway. since you claim you own it from day one, thats 270% return as of now." I said this? Master pusing betul....

Why keep asking me load or unload? Depend on my mood lo...may be keep 1 share eh....so that dun wan people said I bz body....no share also kacau kacau

It's Pavlov's Theory.

@dumbMoney. Correct, you didn't but some how perhaps being brainwashed for too long, reading iCAP newsletters for too long, it ingrained in my brain. It's auto triggered when the word COL appeared. Perhaps it's the same to many others faithful followers.

It was very difficult to illustrate various models of dividend vs SBB without a spreadsheet. dumbMoney merely doing readers a favor to share that. After studied his spreadsheet, I just posted 1 scenario in full text because it was easier for people to read without the need to go for any external link. I posted no link and now being accused for using external link to fish contact? I said yesterday, we are even now. I have vented my air out. Move on to debate policy rationally. I can, but can iCAP can? Please remove the conspiracy theory slide out in the roadshow and don't mention this at all during AGM. Let's go for a boxing fight, fight like a man -- no legs allowed please.

The first person I attacked was dumbMoney when I appeared on this forum. Going against him all the way because I believe his has bad motive to close down iCAP. Then I realized that the more I dug, the things not what I believed. It's because I was subconsciously being brainwashed that SSB was engineered by the white masters. Probably they have proposed but never forcefully pushed the fund manager. Then I believe I was going against that just because of that. Then I dug further, the fund manager used private clients money to buy shares.....when it was very cheap while iCAP holding a lot cash. It's double standards. Then the fund manager organized road show and started to put up 3 additional new names as public enemy #1 to reinforce his conspiracy and hate theory they have recruited new suicide bombers.

We should be more matured....debate policy based on merits. Why used such a low tactics to punch below the belt?

Scold me all you want. The jury is out there.

Yeah - buy more iCAP shares with his private clients money. It looks like a SBB, walk like a SBB, quack like a SBB but it's not SBB. Genius. I think the environment is getting too hot. My next post will be a lighter one. Cease fire.....1 day peace.

Should I still rate iCAP governance A+ ?

Fish shareholders contact for personal agenda???....what an insult...Anyhow, I have published the 3 things I hope to see changes, the so called personal agenda. Also please look into the shareholdings information. We are even now. 😂😂

Some small guys lose money way faster investing themselves than putting money in managed funds or EPF.
What is worst is they got scammed.

Most logical is to put an Index fund and leave it there without touching it. There is an index fund called FBMKLCI-EA, they track KLCI and also pay dividend very regularly. Even though KLCI lost about 20% but the cumulative dividend is about 35-40% for past 10 years, there is a nett gain but of course teruk jugak lah.

So whenever they are stumbled upon gods-big or small, they will grab and hang on to them religiously.

Nothing wrong with the fund manager actually except he is getting very arrogant and picking fights every where and offended a lot of people. I felt so bad when he trashed his subscribers' by publishing their letters as if it is a naked public canning. People write to you in private, why reply in public? He just make more enemies faster thank making friends. Now there is an uprising. But he is getting more paranoid because he keep thing there are white masters behind it.

My advice to him is go to ancestor hall and reflect.

“Don't do unto others what you don't want done unto you.”
Confucius

My apology to @Income. The 3 are not referring him. The 3 are 3i, John and patient investor. ICap subscribers are not allowed to do copy and paste. If you see John's post on iCap here, they are reproduced in exact words without a single mistake. He has the ori copy of ICAP.

Also by i3lurker....got drown in my messages...

>>>>>>
I had never believed in managed funds.
Not even EPF.

///If he loses, he will have an advantage not enjoyed by most ordinary stock traders.
He will have something to comfort him in his poverty stricken old age.
He will have somebody to blame besides himself. ///

Sorry guys/gals

repost what dumbMoney. His message lost in my typhoon day.

Read this
>>>>>>>>>>>>>>>>>>>

The proposed DRIP intention to issue shares at a discount is supposed to be an incentive and reward for loyal shareholders at the expense of those who take cash instead. But this has the unintended consequence of contributing to the discount. Smart investors who opt for cash can game the system with a risk less arbitrage, subscribe for the DRIP at a discount and sell the equivalent amount of mother shares at market price. This can continue until DRIP discount is no longer wide enough to make the arbitrage profitable. This is an old trick before share trading went scripless. After a share went ex rights or bonus, controlling shareholders have the market to themselves because they can get hold of the new split shares immediately, while others have to send theirs in for registration and splitting, which can take up to a month under the rules. So pump and dump operations were so easy to do in an illiquid market.

>>>>>>>>>>>>>>

A gentleman. He didn't wash iCAP dirty linens in public. He is more of a geek to me. He is more interested to expound the finance theory than attacking the fund manager

You have seen how I extracted from dumbMoney on COL...he was very quiet about it until I read in between the lines and asked him more

Attacking me means there are truths in what I write...I only rely on public records....completely handicapped and have no help at all from anyone. Only trying to connect the dots. I never know the rubbish I wrote can be treated as a threat to him. A big mistake by attacking me.

I have completed lost my respects for him when he sent his 3 machais to attack me this morning

Please stop making more suicide bombers out of his followers.....

These are 3 agendas I am after if it is labelled as personal hidden agenda....