No investment advice or recommendation
None of the information displayed on or downloadable from shareline.co (the “Platform”) constitutes investment advice or a recommendation to invest or not. Registered representatives of Entier Capital Limited, Shareline UK or their affiliates (“Shareline”), do not (1) advise any member on the merits of a particular investment or transaction, or (2) assist in the determination of fair value of any investment, or (3) provide legal, tax or transactional advisory services.
Information regarding companies available on the website has been collected from or generated from publicly available sources or from existing shareholders of the companies. The availability of company information does not indicate that such company has endorsed, supports or otherwise participates with Shareline. Company “merits and risks” are based on the information collected from the Company and are not investment advice or recommendations to invest or not. Shareline does not accept any liability (whether in contract, tort or otherwise whatsoever and whether or not Shareline has been negligent) for any loss or damage (including, without limitation, loss of profit), which may arise directly or indirectly from the use of or reliance on such information.
Loss of capital
An investment in private company shares or equivalent is speculative and involves a significant degree of risk. You must be prepared to lose your entire investment. You should not invest more money in the businesses displayed on the Platform than you can afford to lose without altering your standard of living.
Private company shares are also highly illiquid and should only be considered a long-term investment. It is very unlikely that there will be a liquid secondary market for the shares of the business. This means you should assume that you will be unlikely to be able to sell your shares until and unless the business floats on a stock exchange or is bought by another company; and, even if the business is bought by another company or floats, your investment may continue to be illiquid. For businesses for which secondary market opportunities are available (including any available on the Platform), it can be difficult to find a buyer or seller, no market makers exist, and investors should not assume that an early exit will be available just because a secondary market exists.
Rarity of dividends
Dividends are payments made by a business to its shareholders from the company’s profits. Most of the companies displayed on the Platform will rarely, if ever, pay dividends to their investors. This means that you are unlikely to see a return on your investment until you are able to sell your shares which may be difficult (see Illiquidity, above). Where profits are available, they are typically re-invested into the business. Businesses have no obligation to pay shareholder dividends.
Any investment you make in a business displayed on the Platform might be subject to dilution. This means that if the business raises additional capital at a later date, it will issue new shares. Dilution affects every existing shareholder who does not buy any of the new shares and as a result the percentage of the business that you own will decline. These new shares may also have certain preferential rights to dividends, sale proceeds and other matters, and the exercise of these rights may work to your disadvantage. Your investment may also be subject to dilution as a result of the grant of options (or similar rights to acquire shares) to employees of, service providers to or certain other contacts of, the business.
Investing in businesses displayed on the Platform should only be done as part of a diversified portfolio. This means that you should invest only a relatively small portion of your investable capital in such businesses, and the majority of your investable capital should be invested in safer, more liquid assets. It also means that you should spread your investment between multiple businesses rather than investing a larger amount in just a few.
Past and future performance
Past performance is not a reliable indicator of future performance. You should not rely on any past performance as a guarantee of future investment performance. Forecasts are not a reliable indicator of future performance.
This list of risk factors does not purport to be a complete enumeration or explanation of the risks involved. You should read the relevant companies' presentation in their entirety and consult with their own advisers before deciding whether to invest.
The Platform is open only to qualified, approved members. It is intended for owners of venture capital shares and interests, regulated financial institutions and for persons who are “professional investors” or “sophisticated investors” all of whom must pass Shareline’s vetting process and meet any other qualifications required by applicable laws and regulations.
Any shares or interests transactions, if and when approved, will be handled through a nominee structure managed by a third party or an investment vehicle, managed by the investors. Shareline would act as a service provider with the scope of services listed in the relevant documentation.