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I have been provided some answers to some of the Prospectus Questions.
I hope that this helps.
I am not a financial advisor - I am just passing on information.
As we got into the legalities of setting up a public entity, we had to make sure we had all bases covered. So, we had Ernst Young do the accounts and make a statement regarding the accounts, we had LAVAN do all the research ( remember there is no model like this in Australia so it will be new for ASIC). We had to set up a Computershare account to allow for the handling of share transactions, recording by a company that does it every day.
So, some things we cannot carry out, even though we had good intentions. Partial payments being one. Limiting ownership being another.
A number of club stalwarts in Perth will be forming syndicates to buy a share or two.
We do expect to have a favourable outcome in our negotiations with the ARU over our licence. If we can get bums on seats, sponsorship and lots of wins, we expect to start making profits - realistically in a year or twos time - when we make profits we do plan to reward shareholders in some fashion - but realistically from the outset we do understand most of us will be using the investment for keeping rugby in WA.
More information will be passed on as I receive it.