Fundraising update

At the end of last year we extended our wholesale fundraising offer until 31 January. While that was a bit over five weeks in time, in our summer season it’s really only a couple of weeks of business time.

Meanwhile however most of the companies we have invested are continuing strongly, most with steadily growing recurring revenue, and many companies delivering record months and quarters yet again.

December 2015/January 2016 Offer progress

We issued the first $750,000 worth of shares before the end of 2015, and have received a total of over $1.35 million in applications. We also have indicative commitments that will bring the total to over $1.5 million.

The offer is priced at $16.50 per share + $19 September 2016 option and is available to eligible investors only.

Read and apply online at Snowball Effect (easiest):

https://www.snowballeffect.co.nz/punakaikifund

or

Read the IM:

https://punakaikifund.co.nz/files/PunakaikiFundIMDec15.pdf

Application form:

https://punakaikifund.co.nz/files/PunakaikiFundApplicationDec15.pdf

We have plenty of opportunities to reinvest in companies we have already invested in, and would like to be able to invest in other companies as well. The more we raise, the more we can help companies grow, which in turn will increase the net asset value per share.

Almost all of the applications to date have been received directly by Chris, rather than through Snowball Effect. As a result the Snowball Effect offer looks a bit light, but it is the easiest one to apply through as it is an online process.

Lance Wiggs
Director/Manager