Shoeshine: Are NZ’s equity crowdfunding regulations too light-handed?
Balex is the first equity crowdfunded company to fail since the capital raising method became legal in NZ mid-2014. Shoeshine is certain it won't be the last.
On May 1, an automatic boat loading company went into liquidation. Just seven months earlier, the Tauranga-based company raised hundreds of thousands from the public in an equity crowdfunding campaign.
Balex Marine expected to break even in early 2018 and forecasted revenue of $20 million by
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Shoeshine
Mon, 12 Jun 2017
Mon, 12 Jun 2017
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Shoeshine: Are NZ’s equity crowdfunding regulations too light-handed?
Shoeshine,Investment,
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