Warning: "You may lose your entire investment, and you should be in a position to bear this risk without undue hardship."
Are you good at picking winners in the stock market, Fantasy Surfer and so on? I’m fabulously terrible. Loss after loss after loss.
I would’ve had far more fun pulverising hundreds of thousands of dollars with a rock or drinking expensive martinis made with ancient gin and eating stale salted peanuts in some famous hotel bar.
Recently, the phenomenally successful surfboard company Darren Handley Designs launched a crowdfunding campaign via the website Equitise.
If you didn’t know, Stephanie Gilmore, Mick Fanning and Matt Wilkinson all ride DHDs. Do they work? Does a Pope shit in the woods?
Wanna hang on my shoulder and read the prospectus?
In the last four years, the company has achieved considerable growth and attracted talented management that are focused on brand positioning and amplifying distribution channels. International sales represent 35% of revenue and with the introduction of EPS surfboards, DHD is well placed to increase this share. The company has also acquired the iconic Modom brand. As an established and innovative brand with existing offshore production relationships, work practices and product ranges, Modom is the key to expanding the product range of DHD and tapping into the surf accessory industry. Modom also has a loyal customer base and its own impressive riders Craig Anderson and Taj Burrow.
DHD is raising capital to increase inventory, invest in product innovation and marketing. Alongside and in addition to these plans, the company also has major growth opportunities in the EPS and soft surfboard market as well as accessories and fashion.
If you’re new to the speculative game or don’t have much cash to throw around, Equitise will relieve you of up to ten thousand Australian dollars.
If you’re a sophisticated investor (click here to see if you qualify) oowee… ain’t no limit to how much you can toss into the pot.
Are you in?
Yes?
Before you invest your lifesavings, please be aware that,
- Crowd-sourced funding is risky. Issuers using this facility include new or rapidly growing ventures. Investment in these types of ventures is speculative and carries high risks.
- You may lose your entire investment, and you should be in a position to bear this risk without undue hardship.
- Even if the company is successful, the value of your investment and any return on the investment could be reduced if the company issues more shares.
- Your investment is unlikely to be liquid. This means you are unlikely to be able to sell your shares quickly or at all if you need the money or decide that this investment is not right for you.
- Even though you have remedies for misleading statements in the offer document or misconduct by the company, you may have difficulty recovering your money.
- There are rules for handling your money. However, if your money is handled inappropriately or the person operating this platform on which this offer is published becomes insolvent, you may have difficulty recovering your money.
Still excited?
Love to hear maurices take on this little gem .
read above!
Yes all very ian cairns
Speaking of which, maybe he just needs a new jet ski
I’ll put in 10 k if DH himself will illegally tow me into a few kirra bombs.
DHD is currently owned by 2 accountants. DHD and Base went bankrupt in 2011 owing millions and fucked over many investors. You would need to be a idiot to invest in a surfing company. How many brands are filing for bankruptcy.
Amazing how DH’s accountants were involved in BASE , I think it was $7m they lost , ripped everyone off including the workers , and now a new start up…haha , there must be some dealers out there trying launder money surely?
Not the same accountants as the previously involved in BASE but I would say that they are smart people that may be clever at hiding costs/ losses and then getting some equity out of the business from some not so well financial savey punter dreaming of owing a surf brand.
I think though that DH’s personal Accountant has manoeuvred him all along , where DH just works for DHD , gets a wage and a royalty , and the bean counters control the rest…they say they bought Modom , but Modom says different!
Yes they have bought Modom as a friend knows Jack Perry and he confirmed it. DH did lose a house out of the BASE debacle and so he hould as he caused much financial heartache. I only saw the DHD truck the other day and it had Modom plastered all over it. As for the brand DHD they will need to get on the EPS program better as they dont really have a board that can compete with Lost or JS.
Word on the street is they are looking to produce stringered epoxy boards at Cobra (Thailand) that will be cheaper than the Australian made PU boards. I’m guessing they need $$ to fund this as Cobra has BIG minimum order quantities. JS is doing it, Hayden is doing it, Firewire bought their own Thai factory and are doing it too.
The iconic Modom brand.
DHD makes his stock boards with a semi-team lite glass job. So weak. Board was pressure dinged to shit after a week. That DX-1 goes good tho.
if that is the team they are done for. you want a demographic of fresh blood for investment. this is an old, very old blood portfolio. nice people. good surfers. but old. my investment advice: buy buy buy! and then pop over to my crowdfunder: send DA on a round-the-world drinking Báijiǔ l /surfing binge to collect data for a new surf lifestyle Báijiǔ brand to launch in China and watch the ivory pile up!
https://uploads.disquscdn.c…
Do you prefer checks, or are account passwords more convenient?
You gave a password. So posh!
You mean to say a small successful surf industry company is seeking investors because they plan to radically scale up? What could possibly go wrong?! Cashing out my retirement accounts now!
DHD and BASE, went bankrupt and took all the investors $’s , about $7m….so lets try again?
Weren’t you part of Base?
Sure, if they issue more shares and automatically reduce the value of yours, if your investment is unlikely to be liquid at all, if you can’t hold the company responsible, then it’s really exciting! I must admit I can’t see the point of giving them money but I’m sure they do!
Buen viaje .
I bought a Modom leash once. After about two sessions it came undone while I was surfing in front of a rock beachfront at sunset. A long swim, cursing all the while, saved my board from the rocks but ended the day. The following day, I jumped in the water at lunch to get a few at the same spot second wave the leash comes undone, again. Threw it in the trash on the beach.
Is this a conspiracy to sell more boards by making shit accessories?
Anyone ever questioned the engineering of making surfboards that are stronger on one side than the other?
Was it the two hundred and fifty dollar shark one? Maybe it loosed itself to protect you.
No risk ! All reward !
Still probably less risky than making waves ?
Surfboards come and go but BEER 🍺 is forever ?Wilko drank it and both Mick and Jack sell it or sold it and Steph knows not to mix it with Weetbix
Really. If not Weetbix, then which breakfast cereal goes with beer Mr. Smarty Pants and/or Ms. Gilmore?
I’d guess Lucky Charms except I’m not a racist.
Oh Pesty thank god it’s Friday . Mr Smarty Pants , in his infinite wisdom , after extensive research can now announce that Steph Gilmore only eats WEET-BIX because it is written in her contract with them .
Well, the business can’t crash as bad as D.H on a jetski. The sticks are everywhere