Please consider the offer document and general risk warning before investing.
Investors are entitled to a 5 day cooling-off period.
OnMarket's fees are a maximum of 6.5% of the funds raised, paid by the Company.
Investments over $10,000 are restricted to Sophisticated investors - Apply here
SendGold Investor call with CEO, Jodi Stanton and CTO, Alan Keenleside. recording available here
SendGold is pleased to announce that they are now live in South Africa, the country that produced half of the world’s gold. more here
SendGold is a peer-to-peer digital money platform which allows customers to save, send, pay or gift quickly and easily using gold.
Successfully raised over $2.3 million from sophisticated and professional investors, including $900k in FY2018
SendGold is the trading name of Mobile Assets Pty Ltd, a 100% owned subsidiary of the issuer, Mobile Asset Holdings Limited.
SendGold believe a digital currency revolution has begun because the old money system needs an upgrade:
SendGold addresses each of these problems with their digital gold money platform. It is low-cost, global and peer-to-peer like Bitcoin but is instead based on a real asset.
Developed and launched world-first “Gold-Rush”, a gamified customer acquisition tool that works like the Pokémon Go game but with real gold.
SendGold intend to grow the Company along several degrees of expansion: geography, hard assets, sectors and technology innovation:
SendGold has a pre-money valuation of ~A$20.1 million having built the business to-date with founder’s funds and private investment rounds. The Company is looking to raise a minimum of $500,000 and a maximum of $2,000,000 via this equity crowdfund offer (the Offer) at $0.50 per share.
The funds raised will be predominately applied to:
SendGold’s issued capital following the Offer is provided below:
The Company has assessed itself as a qualifying Early Stage Innovation Company (ESIC), and investors who purchase new shares in qualifying ESICs may be eligible for certain early stage tax incentives.
See the link to the ATO website under the Company Releases tab for more information.
SendGold has a highly experienced and capable Management and Board across technology, product, financial services and compliance. They bring a track record with top Wall Street firms, online institutional foreign exchange dealers, and risk management consultancies.
Jodi Stanton, Co-founder and CEO
Mark Pey, Co-founder, Director, Business Development & AML/CTF Compliance Officer
Alan Keenleside, Chief Technology Officer
Steve Wilson, Chief Security Advisor
The Offer is subject to a Maximum Subscription amount of $2,000,000. If the Maximum Subscription is reached, the Offer will close early. Applications will be treated on a time priority basis and may be subject to scale back, so please fund your application as soon as possible.
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 replacement 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.
5 DAY COOLING OFF PERIOD: There is a 5 business day cooling off period for retail investors. During this period, you may withdraw your application and receive a full refund into your nominated refund account. Please note: After the 5 day cooling off period has expired, you will be unable to withdraw your application. More information here.
ONMARKET FEES: Upon successful completion of the Offer, a maximum fee of 6.5% of the funds raised will be paid to OnMarket by the Company.
ONMARKET INTERESTS: OnMarket and its associates will be participating in this offer.
ONMARKET INTERESTS AND AMOUNTS SUBJECT TO COOLING OFF: The funding bar displayed under each crowd funding offer may include applications where payments are yet to be made and amounts that are subject to the cooling off period.
Section 734(6) disclosure: The issuer of the securities is Mobile Asset Holdings Limited ACN 614 791 043. The securities to be issued are fully-paid ordinary shares. The disclosure document for the offer can be obtained by clicking on the link above. The offers of the securities are made in, or accompanied by, a copy of the disclosure document. Investors should consider the disclosure document in deciding whether to acquire the securities. Anyone who wants to acquire the securities will need to complete the application form that will be in or will accompany the disclosure document (which can be done via the electronic application form which will become available by clicking the bid button above).
Tap 'More Info' to get access to free research, all company releases, and bid instantly for shares.
SendGold is a peer-to-peer digital money platform allowing customers to save, send or gift using gold as money. SendGold is highly accessible and is live in 9 countries, including some of the largest, fastest growing regions in the Asia-Pacific. With no set-up cost, no hidden fees, no purchase minimums, and with the long-term buying power of one of history’s most reliable, heavily traded assets, SendGold gives old money systems an upgrade.