Hello wellwishers. An updated on our (first ever) investment round.
We spent the last three months getting our balance sheet for 2020-21 audited, getting an approved valuer to value the company, and get some paperwork in order. (We were initially told this will all take a month). We learn a lot in this process, and also had some very enlightening conversations (some of you had asked pointless questions and gave bad advice, but I'll let that slide 😅). We are now even more bullish about our business than we were in August. We also had a bank come and give us a loan on very good terms, because of which we have halved the amount of money we are raising through equity.
We are now at the stage where we are taking formal confirmations from our investors and then sending over some paperwork. One investor has had to back out due to a potential conflict of interest. Therefore space has opened up for more investors. If you or your friends would like to participate, please connect with me over phone or email. DM me if you don't have my contact details.
We spent the last three months getting our balance sheet for 2020-21 audited, getting an approved valuer to value the company, and get some paperwork in order. (We were initially told this will all take a month). We learn a lot in this process, and also had some very enlightening conversations (some of you had asked pointless questions and gave bad advice, but I'll let that slide 😅). We are now even more bullish about our business than we were in August. We also had a bank come and give us a loan on very good terms, because of which we have halved the amount of money we are raising through equity.
We are now at the stage where we are taking formal confirmations from our investors and then sending over some paperwork. One investor has had to back out due to a potential conflict of interest. Therefore space has opened up for more investors. If you or your friends would like to participate, please connect with me over phone or email. DM me if you don't have my contact details.