Algw30 May 2018 08:45
I do like the way they are structuring the business looks like they don't want to dilute us, commission will be paid upfront on the contracts as they come in. So that could be instant cash in the bank on the landing of the first contract.
Working Capital requirements
The Company�s business will initially be funded from the Net Proceeds and from advisory contracts won from clients. The ability of the Company to grow its business will be dependent on its ability to win additional and more lucrative advisory mandates. If the Company�s assessment
of the market opportunity and/or the cost of realising that opportunity proves to be incorrect, it may need to seek to raise further capital from its Shareholders on terms that cannot currently be determined, although the Net Proceeds will be sufficient for the Company�s projected spending plans for at least the first 12 months from Admission. The Company�s post-Admission plan is to work towards completing the first SPV. Once that takes place, the Company will get an upfront commission. While the expectation is that this will complete soon after Admission,
this may not be the case. However, any introducers assisting with this will be paid on a commission basis and the
costs of the completion including legal fees, will not be incurred until the client engaged.