”There are laws in both Australia and the US which limit the amount of funds you can solicit from Private equity investors. I believe ASIC states it is $2million in a financial year.If the Private equity is NOT solicited by the seller and actually approaches the seller, then there are no limits.”
im not a broker Or regulatorso I’m no expert on this. However, my understanding re $2m limit is that it relates to disclosure requirements by a company, not that a company cannot seek or approach an investor for >$2m, not that a company can’t seek more than $2m from an investor.
there are 50+ Likes to your post so I’m wondering whether any one of those people can confirm your statement.
if im wrong on this then I’d like to know so any reference to this rule would be of interest.
What will the discount to 5 day VWAP be for the share placement, and who is the investor?, page-223
Add MSB (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.11 |
Change
-0.005(0.45%) |
Mkt cap ! $1.261B | |||
| Open | High | Low | Value | Volume |
| $1.11 | $1.15 | $1.11 | $5.667M | 5.064M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 94111 | $1.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.12 | 70945 | 3 |
View Market Depth
| Last trade - 16.10pm 03/06/2024 (20 minute delay) ? |
|
|||||
|
Last
$1.12 |
Change
-0.005 ( 1.73 %) |
||||
| Open | High | Low | Volume | ||
| $1.11 | $1.15 | $1.11 | 871975 | ||
| Last updated 15.59pm 03/06/2024 ? | |||||
| MSB (ASX) Chart |