General CSF Risk Warning
Crowd-sourced funding is risky. Issuers using this facility include new or rapidly growing ventures. Investment in these types of ventures is speculative and carries high risks.
You may lose your entire investment, and you should be in a position to bear this risk without undue hardship.
Even if the company is successful, the value of your investment and any return on the investment could be reduced if the company issues more shares.
Your investment is unlikely to be liquid. This means you are unlikely to be able to sell your shares quickly or at all if you need the money or decide that this investment is not right for you.
Even though you have remedies for misleading statements in the offer document or misconduct by the company, you may have difficulty recovering your money.
There are rules for handling your money. However, if your money is handled inappropriately or the person operating this platform becomes insolvent, you may have difficulty recovering your money.
Ask questions, read all information given carefully, and seek independent financial advice before committing yourself to any investment.
Fees Disclosure
Birchal may charge investors a transaction fee for investing in CSF offers. Any applicable fees will be disclosed prior to investment.
The fees that Birchal Financial Services charges the company for making this offer include:
- An administration fee of $3,000 +GST; and
- A success fee of 7.5% of approved investments +GST if the offer is successfully completed.
The following parties, being associates of Birchal Financial Services may invest directly up to $10,000 under the offer: Adam Vise, Kirstin Hunter, Judy Anderson-Firth. Otherwise, Birchal Financial Services, and its associates, do not have, or expect to have any direct or indirect pecuniary interest in the company or a related party of the company.
Birchal may also receive interest on the balance of any application money held in its client money account.
Cooling-off Rights
If you are a retail client, you have the right to withdraw your application under this Offer and to be repaid your application money. If you wish to withdraw your application for any reason (including if you change your mind about investing in the Company), you must do so within five business days of making your application (the Cooling-off Period).
If you wish to withdraw your application, you must notify us via your
investment portfolio on the platform within 5 days of your application to invest.
After your withdrawal has been processed, the Intermediary will refund the application money to your nominated account as soon as practicable.