sharetrader
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  1. #1
    Member
    Join Date
    Aug 2016
    Location
    South Canterbury
    Posts
    249

    Default Sharesight - seeking to gauge interest in possible investment

    Email from Sharesight today:

    “You manage your investments in Sharesight but have you ever thought of investing in Sharesight?

    Sharesight is a New Zealand domiciled private company. We last raised equity capital in 2015. At that time our goal was to grow revenues and reach breakeven with that investment. I am pleased to say we have now achieved those goals and have grown our annual revenues by 300% in the last 4 years.
    We are now looking to raise additional expansion capital to further our push outside Australia and NZ and continue to invest in product development.
    If you might be interested in joining us on our journey, or at least finding out more about what an investment might entail, please complete this <link removed> so we can gauge the level of interest.

    Important legal disclaimer: No money is currently being sought and shares cannot currently be applied for or acquired under any intended offer. If an offer is made, it will be made in accordance with the provisions of the New Zealand Financial Markets Conduct Act 2013. Sharesight is seeking preliminary indications of interest through this survey and no indication of interest will involve an obligation or commitment to acquire shares.”

    Obviously not something I’m in a position to do but would be interested in others’ comments/opinions, purely out of curiosity.
    Last edited by justakiwi; 24-09-2019 at 07:46 PM.

  2. #2
    Dilettante
    Join Date
    Mar 2010
    Location
    Nelson
    Posts
    2,996

    Default

    Interesting. Have been a Sharesight subscriber for some time but have not received such an email. I'm surprised if they are soliciting like this. Are you sure it is not a spam ?
    p.s. I've not opened your link to the questionnaire, hence the questions
    Last edited by iceman; 24-09-2019 at 07:29 PM.

  3. #3
    percy
    Join Date
    Oct 2009
    Location
    christchurch
    Posts
    13,597

    Default

    Putting the cart before the horse.
    Asking how much you would be prepared to invest,before you have any financial details.
    I would suggest someone puts in a figure of $2 mil..............lol.

  4. #4
    Member
    Join Date
    Aug 2016
    Location
    South Canterbury
    Posts
    249

    Default

    Well it seems legit. The link went to what appeared to be a genuine questionnaire, with the sorts of questions you would expect. Having said that, I didn’t complete it and submit it, as it was clearly “out of my league” in terms of any possible investment offer. The email was addressed to me by name (with the correct spelling) and certainly appears to be legit. Maybe I will email them and check.

    EDIT: I have PM’d them via their chat so will see what they say in the morning. They are currently offline.

    Quote Originally Posted by iceman View Post
    Interesting. Have been a Sharesight subscriber for some time but have not received such an email. I'm surprised if they are soliciting like this. Are you sure it is not a spam ?
    p.s. I've not opened your link to the questionnaire, hence the questions
    Last edited by justakiwi; 24-09-2019 at 07:43 PM.

  5. #5
    Membaa
    Join Date
    Nov 2004
    Location
    Paradise
    Posts
    2,798

    Default

    Quote Originally Posted by iceman View Post
    Interesting. Have been a Sharesight subscriber for some time but have not received such an email. I'm surprised if they are soliciting like this. Are you sure it is not a spam ?
    p.s. I've not opened your link to the questionnaire, hence the questions
    I got the email, looks legit. Not the first time they raised some capital either. Also interested if it comes to it to have a stake in ShareSight, it's a great product imho.

    Here's the email words:

    Dear Baa_Baa,

    You manage your investments in Sharesight but have you ever thought of investing in Sharesight?

    Sharesight is a New Zealand domiciled private company. We last raised equity capital in 2015. At that time our goal was to grow revenues and reach breakeven with that investment. I am pleased to say we have now achieved those goals and have grown our annual revenues by 300% in the last 4 years.

    We are now looking to raise additional expansion capital to further our push outside Australia and NZ and continue to invest in product development.

    If you might be interested in joining us on our journey, or at least finding out more about what an investment might entail, please complete this 2-minute questionnaire so we can gauge the level of interest.

    Important legal disclaimer: No money is currently being sought and shares cannot currently be applied for or acquired under any intended offer. If an offer is made, it will be made in accordance with the provisions of the New Zealand Financial Markets Conduct Act 2013. Sharesight is seeking preliminary indications of interest through this survey and no indication of interest will involve an obligation or commitment to acquire shares.

    Yours sincerely,
    Andrew Bird
    Chairman
    Sharesight

    Please do not forward this email as its survey link is unique to you.
    Last edited by Baa_Baa; 24-09-2019 at 07:43 PM.

  6. #6
    Advanced Member
    Join Date
    Feb 2011
    Location
    Wellington
    Posts
    1,658

    Default

    Last time they wanted money I nominated an amount ( but as Percy said its a bit stupid when you haven't seen the numbers ) anyway they came back and said they had dealt with bigger investors ......
    Funny they have emailed me again , have put a bigger amount down ( obviously subject to financials ) see what they come back with this time......

  7. #7
    Member
    Join Date
    Aug 2016
    Location
    South Canterbury
    Posts
    249

    Default

    Sharesight’s response to my PM FYI:

    “Yes it is a legit email i.e at this stage we’re simply gauging interest, but are enthusiastic about inviting our client base into the process. If we decide to proceed raising capital we will conduct a structured online process that will include a presentation, details regarding amount sought and valuation, live and recorded webinars, and a forum for you to ask questions. Further communications will be done via email.”

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