I've lost count of the number of times I've seen people here...

I've lost count of the number of times I've seen people here confuse SIOC-cdt, our Broad Based Black Economic Empowerment partner in South Africa with the largest shareholder of ASX:CCC, Socius Capital Group (USA). Makes me wonder how people can invest large sums of money in a company without knowing basic information like this.


Let's refresh:

SIOC Community Development Trust

VISION
To be the leading agent in developing prosperity and sustainability of our identified beneficiary communities

MISSION
We will achieve our VISION by creating empowered identified communities that will thrive beyond the lifespan of the mine through:

Social Development
Enterprise Development
Wellness promotion

WHO WE ARE
The Sishen Iron Ore Company (SIOC) Community Development Trust, also known as the “Super Trust”, was established in August 2006 during the unbundling of Kumba resources into two companies.

The Super Trust is the sole beneficiary of 3% of the ordinary shares of SIOC through a special purpose vehicle (SPV) established to hold the shares on its behalf.

Kumba Iron Ore funded the purchase of the SIOC shares by issuing R458 million in preference shares.

These shares will be redeemed over time using the dividend flows from the SPV’s 3% shareholding in SIOC.

http://sioc-cdt.co.za/

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Socius Capital Group LLC.

- Family office located in Los Angeles and New York.

- Provides capital in U. S., European, Australian and Asian markets directly to small-cap public companies with market capitalizations below $2 billion.

- Since its 2009 inception, Socius has completed approximately 35 transactions committing in excess of $300 Million in capital. Transactions range from $5 Million to $50 Million.

- Many portfolio companies have been cited by leading financial publications(Reuters, Bloomberg etc.).

- Passive investor - does not seek Board seats or control positions.

- Socius is not a hedge fund and does not accept capital from outside parties; captive capital.

- Socius is focused on life sciences, healthcare, energy, natural resources, media, social media, technology and special situations.

- Majority of our portfolio companies do their follow-on financing with Socius.

from http://sociuscg.com/about.html