NEON CRICKET - UNIQUE INVESTMENT OPPORTUNITY
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FattusCattus

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Re: NEON CRICKET - UNIQUE INVESTMENT OPPORTUNITY
« Reply #15 on: March 07, 2018, 08:38:41 AM »

I'll respond to you all tomorrow so please bare with me!

I'd at least want you to buy me dinner first!  :(
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Neon Cricket

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Re: NEON CRICKET - UNIQUE INVESTMENT OPPORTUNITY
« Reply #16 on: March 07, 2018, 09:00:41 AM »

For you Brucie I'd make it a candlelit picnic ;)

WalkingWicket37

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Re: NEON CRICKET - UNIQUE INVESTMENT OPPORTUNITY
« Reply #17 on: March 07, 2018, 09:04:55 AM »

For you Brucie I'd make it a candlelit picnic ;)

Don't forget the ham & quaver sandwiches!
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leatherseat

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Re: NEON CRICKET - UNIQUE INVESTMENT OPPORTUNITY
« Reply #18 on: March 07, 2018, 10:14:42 AM »

Interesting proposal. I have sent you an expression of interest via email.

A more tax efficient approach may be via an Enterprise Investment Scheme (EIS), if you qualify. Perhaps some other forum members may be able to give a little brief guidance, given the broad collective knowledge on here.

Best of luck,

David
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velvetsky01

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Re: NEON CRICKET - UNIQUE INVESTMENT OPPORTUNITY
« Reply #19 on: March 07, 2018, 10:22:59 AM »

All over my head this - but best of luck with it all Adam

For any protential investors - Adam is a top chap and knows his onions! So im sure you will have a great experience doing so
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richthekeeper

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Re: NEON CRICKET - UNIQUE INVESTMENT OPPORTUNITY
« Reply #20 on: March 07, 2018, 12:22:14 PM »

Dropped you an email.
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moonball

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Re: NEON CRICKET - UNIQUE INVESTMENT OPPORTUNITY
« Reply #21 on: March 07, 2018, 12:58:55 PM »

Very interesting indeed.... Having looked at the presentation, I have sent an e-mail. I'd like to hear more.
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Buzz

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Re: NEON CRICKET - UNIQUE INVESTMENT OPPORTUNITY
« Reply #22 on: March 07, 2018, 02:29:24 PM »

I think being a little clearer about what you are getting and needing from investors might be important here.

On the one hand having cheap kit sounds good.
On the other, as a shareholder will you be a companies house director?
Will you have any liability on the company?
Are you expecting an investor to act as an agent and sell your kit?
Will you provide profit share to the investors?
What is the position if someone makes an offer on your business?
Do your accounts match the justification for your business valuation?
What are you using the fund raising for?
What are your current stock levels?
The are loads if other questions too...

Now I realise that you are only asking for a relatively small amount of cash, but if I invest my cash and you do a Brimble (not saying you would, this is an example) will I get creditors knocking on my door asking to be repaid?

I am posting this as a reminder to members that you are signing up to something be aware if what that is.

@Neon Cricket , please this isn't personal or a criticism, but I am trying to help members understand what they might be signing up for.
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Churchy1989

Re: NEON CRICKET - UNIQUE INVESTMENT OPPORTUNITY
« Reply #23 on: March 07, 2018, 02:51:07 PM »

Typical Admin .............







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Neon Cricket

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Re: NEON CRICKET - UNIQUE INVESTMENT OPPORTUNITY
« Reply #24 on: March 07, 2018, 03:18:36 PM »

On the one hand having cheap kit sounds good.
Who doesn't love cheap kit, there really is no catch - cost price for up to 1k RRP for life

On the other, as a shareholder will you be a companies house director?
No, any investors would be shareholders and not directors of the company.

Will you have any liability on the company?
Shareholders are only liable to the nominal value of a share as with any limited company. In this case the nominal fee is £1 per 1% so even a 5% shareholder could only ever be liable for £5. The Director(s) are the liable party (Me)

Are you expecting an investor to act as an agent and sell your kit?
No expectation or binding agreement of any type, although a commission based scheme is due to come available for 2018/19 anyway which investors would be free to join if they wished - further details in due course provided privately

Will you provide profit share to the investors?
All shareholders will receive the appropriate % of any dividends paid (as with any shareholding)

What is the position if someone makes an offer on your business?
Same with any Ltd Company, shareholders decide whether to sell their shares or not. Any sale of my own shares would have no impact on anyone elses unless they want to also sell - this is all very hypothetical (I have zero intention of ever selling the majority share for the record).

Do your accounts match the justification for your business valuation?
Happy to disclose detailed financials once NDAs have been agreed

What are you using the fund raising for?
As above

What are your current stock levels?
As above

Now I realise that you are only asking for a relatively small amount of cash, but if I invest my cash and you do a Brimble (not saying you would, this is an example) will I get creditors knocking on my door asking to be repaid? Absolutely not, shareholders only have liability as above - any creditors etc are purely the Directors' problem.


Please see answers in red above, if anyone has any specific queries then the best option is to drop me an email - again with it being such a public forum there's only so much I can put up on here (not hiding anything, but certain questions are verging on NDA territory that's all :)).
« Last Edit: March 07, 2018, 03:22:58 PM by Neon Cricket »
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peristocle

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Re: NEON CRICKET - UNIQUE INVESTMENT OPPORTUNITY
« Reply #25 on: March 07, 2018, 03:29:41 PM »


Very Interesting
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Yorkershire

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Re: NEON CRICKET - UNIQUE INVESTMENT OPPORTUNITY
« Reply #26 on: March 07, 2018, 04:38:08 PM »

Yup has me intrigued... just out of interest, how many people have approached you so far...
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Neon Cricket

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Re: NEON CRICKET - UNIQUE INVESTMENT OPPORTUNITY
« Reply #27 on: March 07, 2018, 04:54:07 PM »

Feel free to get in touch :)

Without putting a number on it, let’s just if everyone actually wanted to invest then there’d be a down-selection exercise needed!

WalkingWicket37

Re: NEON CRICKET - UNIQUE INVESTMENT OPPORTUNITY
« Reply #28 on: March 07, 2018, 05:01:48 PM »

Yup has me intrigued... just out of interest, how many people have approached you so far...

https://twitter.com/vicenews/status/886230625589444608
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Seniorplayer

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Re: NEON CRICKET - UNIQUE INVESTMENT OPPORTUNITY
« Reply #29 on: March 07, 2018, 05:12:31 PM »

Good luck with the venture Adam can  visulise plenty of investors signing up.
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