NEON CRICKET - UNIQUE INVESTMENT OPPORTUNITY
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LateBloomer

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Re: NEON CRICKET - UNIQUE INVESTMENT OPPORTUNITY
« Reply #30 on: March 07, 2018, 05:49:05 PM »

Great idea, best of luck with it and to all that invest
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JK Lewis

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Re: NEON CRICKET - UNIQUE INVESTMENT OPPORTUNITY
« Reply #31 on: March 07, 2018, 06:14:16 PM »

It does sound interesting. One question from my side, is a shareholder at liberty to sell his shares at a time of their choosing, and to whomever they please? If so, is the offer of cost price kit transferrable?
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Neon Cricket

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Re: NEON CRICKET - UNIQUE INVESTMENT OPPORTUNITY
« Reply #32 on: March 07, 2018, 07:44:06 PM »

Thanks Justin. With regards to the sale of shares, the details are one for off-forum (feel free to email) however in short I wouldn't have any issue with shares being sold but naturally there's specific processes to follow as with anything (it's all detailed in the shareholders agreement which will be disclosed upon signature of an NDA).

As for the cost price kit benefit, this will be tied to the shares. Should the 1k limit have already been reached for that accounting year, then the new shareholder would need to wait until the following accounting year for the benefit to kick in for them (For reference, the end of my accounting year is July).

Hope that covers it for the most part mate.

tim2000s

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Re: NEON CRICKET - UNIQUE INVESTMENT OPPORTUNITY
« Reply #33 on: March 09, 2018, 09:07:11 AM »

Just a note, as a responsible admin member who is regulated by the FCA (and sorry if people think this is a downer)

Please read the following (borrowed from Crowdcubehttps://www.crowdcube.com/pg/risk-36) - as this is an investment and anyone considering it needs to be aware of the risks of equity investment.

Risk Warning
To help you understand the risks involved when investing in shares, please read the following risk summary.  Please #investaware and diversify your investments.

The need for diversification when you invest

Diversification involves spreading your money across different types of investments with different risks to reduce your overall risk. However, it will not lessen all types of risk.  Diversification is an essential part of investing. Investors should only invest a proportion of their available investment funds and should balance this with safer, more liquid investments. 

Risks when investing in equity or funds

Investing in shares (also known as equity) does not involve a regular return on your investment. 

Please bear in mind the following particular risks for equity and fund investments:

Loss of investment or tax relief

The majority of start-up businesses fail or do not scale as planned and therefore investing in these businesses may involve significant risk.  It is likely that you may lose all, or part, of your investment.  You should only invest an amount that you are willing to lose and should build a diversified portfolio to spread risk and increase the chance of an overall return on your investment capital. If a business you invest in fails, neither the company will pay you back your investment.

Tax relief may also be lost due to your personal circumstances or due to the activities of a company.

Lack of liquidity

Liquidity is the ease with which you can sell your shares after you have purchased them. Buying shares in businesses pitching through crowdsourcing cannot be sold easily and they are unlikely to be listed on a secondary trading market, such as AIM, Plus or the London Stock Exchange.  Even successful companies rarely list shares on such an exchange. In addition, if you purchase B Investment Shares, these are non-voting shares and may not be attractive to potential buyers.

Rarity of dividends

Dividends are payments made by a business to its shareholders from the company’s profits.  Most of the companies pitching for equity via crowdsrourcing are start-ups or early stage companies, and these companies will rarely pay dividends to their investors. This means that you are unlikely to see a return on your investment until you are able to sell your shares.  Profits are typically re-invested into the business to fuel growth and build shareholder value. Businesses have no obligation to pay shareholder dividends.

Dilution

Any investment in shares made through crowdsourcing may be subject to dilution in the future. Dilution occurs when a company issues more shares. Dilution affects every existing shareholder who does not buy any of the new shares being issued. As a result an existing shareholder's proportionate shareholding of the company is reduced, or ‘diluted’-this has an effect on a number of things, including voting, dividends and value.

Some businesses who pitch for equity investment through crowdsourcing offer A-Ordinary Shares, which may include pre-emption rights that protect an investor from dilution.  In this situation the business must give shareholders with A-Ordinary Shares the opportunity to buy additional shares during a subsequent fundraising round so that they can maintain or preserve their shareholding. Please check a pitch, and the Articles of the company to see if the shares you are buying will have these pre-emption rights. Most companies do not offer pre-emption rights for B Investment Shares.

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WalkingWicket37

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Re: NEON CRICKET - UNIQUE INVESTMENT OPPORTUNITY
« Reply #34 on: March 09, 2018, 09:46:29 AM »

Just a note, as a responsible admin member who is regulated by the FCA

How much of an impact have you found MiFID II to have had on your day to day tasks @tim2000s?
« Last Edit: March 09, 2018, 10:00:22 AM by WalkingWicket37 »
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Buzz

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Re: NEON CRICKET - UNIQUE INVESTMENT OPPORTUNITY
« Reply #35 on: March 09, 2018, 10:24:54 AM »

Lots for poor Tim, especially around transaction reporting...
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tim2000s

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Re: NEON CRICKET - UNIQUE INVESTMENT OPPORTUNITY
« Reply #36 on: March 09, 2018, 10:24:59 AM »

How much of an impact have you found MiFID II to have had on your day to day tasks @tim2000s?

One for PM.
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