Sitesoft - Pre-ASX Listing Offer
First promoted in November 2021, with a further round a year ago, this has turned out to be one of our most sort after Offers. It has had a total raised from people introduced by TBK Capital of over $1,000,000 with an average investment of $67,000.
First promoted in November 2021, with a further round a year ago, this has turned out to be one of our most sort after Offers. It has had a total raised from people introduced by TBK Capital of over $1,000,000 with an average investment of $67,000.
Since
their previous capital raise a year ago, $6 million was successfully
used to purchase 100% of the Australian business called Lucidity. This
has now been fully integrated into SiteSoft and they are now embarking
on the next step towards a fast growing, international, SaaS company.
The
business continues to trade very well with sales beating budget every
month. Growth has been an astounding 1,800% in the last 3 years.
Breakeven is in Feb 2023 and will be positive cashflow from then
onwards.
The
Health and Safety sector continues to also grow substantially with a
carrot and stick approach. i.e. if companies get it wrong, they could
become personally liable and if they get it right, they are enhancing
their growth by having happy employees,
SiteSoft
has recently closed some large organisations recently including
Auckland DHB and the largest homebuilder in Australia. They have
launched their software in the UK and are now starting to achieve sales.
They plan to open an office in there in 2023.
Pre ASX-Listing Offer
On the 29th of December 2022 the Company received approval from the Australian ASX
for a listing in the 1st half of 2023. It is offering a final $500,000
capital raise to fund the last part of the ASX list costs. These costs
are one off.
To
accomplish this the Company is using the SAFE method (Simple Agreement
for Future Equity). It’s an existing system which is very favourable to
the investor and is used frequently in the USA and Australia
The
Offer is such that the strike price of new equity is the lower of the
current strike price or the listing price whichever is less. So
effectively if the listing price is higher than the investor gains an
immediate capital gain. And if it is lower, then the investor gains more
shares for the same money. So the investors so get the best of both
worlds and there is no downside for them.
It
is a system introduced by the Company’s U.S. Director Mr Randy Reddig.
He’s a Nasdaq listed “Square“ founder. He introduced this Safe System to
the company and he himself has invested more money via this method. The
Sitesotf Chairman, Phil Norman, has also endorsed this Safe system.
For a copy of the latest IM please reply to this email.
..................................................................................................
The above investment is not an offer of financial products that
requires disclosure under the Financial Markets Conduct Act 2013 (Act)
and is available only to wholesale investors as defined by that Act. It
is intended for distribution only to selected people to whom, under the
relevant laws, it can be lawfully distributed. It cannot be distributed
in any other jurisdiction, or to any other people. It is not an offer or
solicitations in any jurisdiction in which such offers or solicitations
are not authorised, or in which the person making such offers or
solicitations are not qualified to do so, or to any person to whom it is
unlawful to make such offers or solicitations. Any representation to
the contrary would be unlawful. No action has been taken by any person
that would permit a public offering in any jurisdiction where action for
that purpose would be required.
Cheers
John Paine B.Sc., Dip BIA
TBK Capital Limited
Level 10,120 Albert Street
Auckland 1010, New Zealand
Phone +64 9 307 3257
Mobile +64 21 902 901
Email john.paine@tbkcapital.co.nz
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