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Post by solicitorious on Feb 16, 2015 16:50:16 GMT
Can someone post an idiot's guide as to what this investment is, is it open currently to only AC members, and why it might be a good investment? Risks, Exit strategy, etc?
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sqh
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Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
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Post by sqh on Feb 16, 2015 16:52:02 GMT
stuartassetzcapitalIn the email there is a mention of the fees being charged by seedrs, but the possibility to invest directly at £25k. That seems very high for most people. Is it possible to make a direct investment in Assetz Capital with £10,000 ?
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bigfoot12
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Post by bigfoot12 on Feb 16, 2015 16:52:26 GMT
Looks like we need the Deferred Subscription Agreement. If you click invest and then enter an amount (£10 or more) you can download the agreement. Then click back and don't actually invest.
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bigfoot12
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Post by bigfoot12 on Feb 16, 2015 16:56:48 GMT
Looks like we need the Deferred Subscription Agreement. If you click invest and then enter an amount (£10 or more) you can download the agreement. Then click back and don't actually invest. I think both of my points are correct, unfortunately the downloaded agreement doesn't seem to be the Deferred Subscription Agreement.
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Post by thesnoop on Feb 16, 2015 17:53:52 GMT
Some prior notice would have been appreciated to enable joining up /scoping out of the seedrs platform. It seems Seedrs take 7.5% of all profits, also identity verification seems to be taking longer than expected ( for me at least ). Should the campaign reach 100% funding before my ID verification completes that would be a pity ( for me at least  ).
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unmadem
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Post by unmadem on Feb 16, 2015 18:01:26 GMT
Has anybody done the quiz on seedr or has everybody self certified as "high net worth" or "sophisticated investor " ?
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Neil
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Post by Neil on Feb 16, 2015 18:05:16 GMT
Has anybody done the quiz on seedr or has everybody self certified as "high net worth" or "sophisticated investor " ? I'm not high or sophistcated so took the quiz. I'd hardly call it a quiz to be honest. It's just a few checkboxes to confirm you know how dangerous it all is. You could lose everything, no guarantees etc. I was quite disappointed actually as I was looking forward to a challenging quiz. For what it's worth, ID verification was done automatically in seconds for me. You can fund your Seedrs account using a bank card or bank transfer.
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unmadem
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Post by unmadem on Feb 16, 2015 18:14:36 GMT
Has anybody done the quiz on seedr or has everybody self certified as "high net worth" or "sophisticated investor " ? I'm not high or sophistcated so took the quiz. I'd hardly call it a quiz to be honest. It's just a few checkboxes to confirm you know how dangerous it all is. You could lose everything, no guarantees etc. I was quite disappointed actually as I was looking forward to a challenging quiz. For what it's worth, ID verification was done automatically in seconds for me. You can fund your Seedrs account using a bank card or bank transfer. thanks. I see what you mean. Even if you did answer anything incorrectly (in a wide burst of optimism) you can take the test as many times as you like.
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ramblin rose
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“Some people grumble that roses have thorns; I am grateful that thorns have roses.” — Alphonse Karr
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Post by ramblin rose on Feb 16, 2015 18:15:52 GMT
Some prior notice would have been appreciated to enable joining up /scoping out of the seedrs platform. It seems Seedrs take 7.5% of all profits, also identity verification seems to be taking longer than expected ( for me at least ). Should the campaign reach 100% funding before my ID verification completes that would be a pity ( for me at least ). On CrowdCube, some companies set their initial target at one amount and then allow 'overfunding' up to some other set amount. This gives them a range of equity funding levels that are acceptable to them, and with a lower initial level means they are more likely to hit their target and get the successful fundraise. I don't know if this happens on seedrs, but it may do. For example, one that I was involved with had an initial target of £1.5million but allowed funding up to £2million.
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ramblin rose
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“Some people grumble that roses have thorns; I am grateful that thorns have roses.” — Alphonse Karr
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Post by ramblin rose on Feb 16, 2015 18:45:55 GMT
I've only just started looking into all this; compared to Crowdcube this seedrs site is shockingly bad. No proper structure to the Q&A that I can see - ie. no threads, so that could all get messy. And am I understanding correctly? - you have to put the money in 'within 48 hours of making your investment'? Surely not? All my Crowdcube investments took the money when the fundraise actually went ahead - i.e. several months after I'd pledged the money.
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baz657
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Post by baz657 on Feb 16, 2015 19:20:01 GMT
Always said you are the people who make AC what it is. Why not give you the opportunity to invest? The video of you all with nice haircuts was worth the link on its' own!  Had to add my 2k's worth - wish it was more but looks like it's filling up really fast.
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ianb
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Post by ianb on Feb 16, 2015 19:23:08 GMT
Some prior notice would have been appreciated to enable joining up /scoping out of the seedrs platform. It seems Seedrs take 7.5% of all profits, also identity verification seems to be taking longer than expected ( for me at least ). Should the campaign reach 100% funding before my ID verification completes that would be a pity ( for me at least ). Yes I noticed the 7.5% performance fee ... rather kills the 10%-20% discount unless you really breach the valuation cap. If you invest £25k+ are you investing direct or still inside Seedrs with those fees?
I was rather bemused by thing whole thing and rang up AC and Mark Wardrop rang me back later (I'd recommend the phonecall to anyone with questions). The 7.5% - this is halved if the link in the AC email is used to get to Seedrs and sign up to them as it contains a campaign code. Alternatively (or And) if you email AC and tell them you've signed up to Seedrs for investing in AC, they will check up with Seedrs that we are down for the reduced fee level. The fees drop to zero if the investment is > 25K (...or maybe =>).
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kermie
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Post by kermie on Feb 16, 2015 19:39:36 GMT
I've only just started looking into all this; compared to Crowdcube this seedrs site is shockingly bad. No proper structure to the Q&A that I can see - ie. no threads, so that could all get messy. And am I understanding correctly? - you have to put the money in 'within 48 hours of making your investment'? Surely not? All my Crowdcube investments took the money when the fundraise actually went ahead - i.e. several months after I'd pledged the money. The agreement investors enter into via Seedrs suggets: 2.1.2 Pay the Desired Investment Amount for the Investor's Shares on the Platform, on or prior to the date which is seven days after the Fundraising Round enters the Overfunding
Period (the "Due Date").The Seedrs Assetz campaign is 54 days long. At its shortest, this means 7 days to cough up (if by some miracle £2M is pledged today), or at its longest, almost 2 months away. Happy to be corrected as I've also only just started looking at this - I've never used Seedrs before. This campaign is known as a "convertible" campaign - this link doesn't do too bad a job of explaining the very basics. www.seedrs.com/types_of_equity_crowdfunding
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Post by solicitorious on Feb 16, 2015 20:04:09 GMT
Can we be sure the share certificates will not be issued before April 6 2015? It would help with my tax avoidance planning....  |
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kermie
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Post by kermie on Feb 16, 2015 20:12:01 GMT
Can we be sure the share certificates will not be issued before April 6 2015? It would help with my tax avoidance planning.... Almost certainly not certain of that  . You are not buying shares per se. The funding campaign is for "convertibles" which only get "converted" to shares at the next formal funding round - which requires a valuation. The Seedrs campaign suggests that it will be within 2 years - although could be more like a year's time. I don't know what the implication is for EIS - i.e., whether EIS applies from the point of committing funds to the campaign at the closing date, or at the point of conversion to shares. I suspect it's the latter.
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).
. You are not buying shares per se. The funding campaign is for "convertibles" which only get "converted" to shares at the next formal funding round - which requires a valuation. The Seedrs campaign suggests that it will be within 2 years - although could be more like a year's time.