Company wants to raise two-and-a-half mill by January…
Five months ago, the Australian crowdfunding site, Equitise, announced it would soon open the door to everyday surfers being able to buy a slice of DHD, a company whose boards have underpinned ten world titles.
Well, today that door is wide open.
Crowdfunding, of course, is a roundabout sorta way to raise cash for your biz without the expense and legalities of an IPO (initial public offering, where companies jump into the stock market, pieces of the company or stocks/shares offered etc).
For as little as $250 you can buy ten $25 shares of a biz that’s been around for thirty-five years, ever since Darren Handley flew the coop from Murray Bourton’s Pipedream Surfboards. In a similar play, Darren’s ghost shaper Jason Stevenson split after four years at DHD to start JS Surfboards.
If you’re into gambling your shekels on a biz that I think we can all agree is a creator of fine work, you can read the prospective here.
(DHD Crowd-Sourced Offer Document)
Interesting points.
The company bought Jack Perry’s accessory company Modom, giving it a piece of the leash, soft board, tailpad market.
Handley owns 35 percent of the biz; Matt Bailey, director and chief marketing officer, owns 38.
The company turned over six million bucks in 2017-2018 (almost double its earnings four years earlier) for half a mill in profit.
Handley gets a $120,00 salary plus whatever dividends the company delivers.
The offer closes January 18.
And the usual caveat on these things:
• 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.
Obviously, these things tend to go one of two ways.
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It is an IPO but with a hipster, “I’ve got a beard and tatts ” name.
I must add that I had limited success in buying an island in the Maldives through crowdfunding.
I have seen more egocentric self centred ventures succeed in this field.
Lets all have a crack. What do you want? World holiday under the guise of writing a book ? go fund me will get you there
How about a kilo uncut for Negs and a new king James bible for my angelic self
That would be an easily achievable goal with an obvious outcome. There is no room in this play to hide consulting and directors fees. You would also need to get yourself an entity or 2 to spread the money into. So mate, now get onto a south american import business using a religious entity and you are tax free and not accountable when you arse fuck small children.
Fuck yeah, thanks bro.
That’s fucking good advice
Better than all the shit my Dad told me.🤙
i jet ski
in crowded water
I am a hippo in hide if not grace.
Im loving that bro
Just keep it simple and don’t try to be likeJames francobiks
who is james francobiks?
Sorry old mate I meant to say
James, psudo echo ,Bickerton
James is cooler than you know Bex.
I wouldn’t bother him if he wasnt.
I’m complicated like fine women
What about that noseguard germ
Saying something about kids a few comments back
Pretty sick shit.
Derek why don’t you ask the question to DHD as to why they never paid compulsory superannuation to their workers when he had BASE. DHD is a dishonest person. Don’t trust him. Also ask him about the $50k cheque they gave to a blank business 1 day before they went bankrupt.
Guessing the cheques bounced harder than the blanks had pop?
True. Wait till they burn up the money and turn around and say oh sorry that did not work out. A friend told me that they are going to use the money and go overseas and buy a heap of EPS boards and flood the market as they dont want to tip in their own to get it to the next level. You will not even get a shareholders statement let alone be ever able to on sell it.
DH kook towing/step offs into goldy points turned me off him forfuckingever.
And parko and St Mick. Sponno wankers.
No need for that shit.
Yeah Farkin mick and Farkin parko. They got that cunt about em
Not like lovrly gabby and sweet italo
[astro snorts red wine out of his snout]
Upvote for the filthy troll.
Na seriously that Farkin parko fairy wins one event when the pressures off and they give him a world title while Kelly the poor cunt wins 3 and is still stuck on only fucken 11.
Kelly’s gotta ditch that number 11 rashy
You should read the prospectus. What a laugh. DH is not a shareholder. His wife is as he is not allowed to be a owner because of the BASE bankruptcy. There is enough mugs throwing the money at it already. $62k so far.
Thank fuck for mugs
Or there’d be no money made, right bro
Don’t fuck it up for em
Again
Gold!
on top of that DH Burned the Japanese/French/Portuguese and Merrycans , so not much growth potential as those markets have rejected the DHD brand now!
Yeah Deryk, why don’t ya.
Need more of this kinda stuff.
Make teh ‘Grit, grittier.
Fuck yeah channel bum
What a ya got?
The sleazier the better
Fuck that I’ll make my own fucken app
Beach sleaze.
Ultra sticky surf gossip.
And no fuckin ads unless its for sick shit.
You in?
Me? I gots nothin’
You sound far closer to Uncomfortable Industry Knowledge (UIK) than I.
I would love it if BG got some harder-core dirt on topics such as that above. But then I suppose it wouldn’t be ‘anti-depressive’.
… and few of the ‘Big Boys’ would talk to Chas and Dez if they thought genuine dirt would be aired.
Perhaps we need a More Core Division of Investigative Surf Journalism (ISJ) which can pry open the Shaping Room of Dishonesty (SRD) of which we occasionally hear rumours.
Nasty practices should be called out.
Sorry man you can’t be part of my new app with that shaping room snoozefest idea.
Whens Chas gonna let go of his dick like he always says he’s gonna but just gets more Coco oil and starts stroking again
And fucken Dman talks to chappy Jennings mum at the laundromat for his so called insider dirt.
Fuck those big boys
You see them putting ads on here like the mags?
Nup just some new ariana grande knickers she invented for pre-teens and prequeens like Negatrog.
Lip Curl is opening up a new shop in an ‘aspirational’ neighbourhood shopping area of Newcastle, just opposite a large, successful surf shop…
Maybe a joint venture, maybe direct competition.
Dunno who / what/ how/ where. etc.
All I know is that it smells like someone is confident in the industry / market.
Smells like teen spirit.
opp sanbah?
Yerp.
Any intel?
It’s joint venture
Ah. Knowledge.
I thought the paintwork was too samey to be coincidental.
Nothing like a new
Edgy and exciting way
To lose surf money
surfing is surfing
investing is investing
mix at your peril
Invest in my boards
We will grow big together
(By the way, fuck you)
Fucking only 4 ups for that bit of Freudian insight
You got ripped off by these halfwit primary school drop outs. Except for James Franco bickerton who I swear is linked to an obscure European death cult
Your shit is tight! !
Rex Bex , I have never been involved with a death cult, but it is possible that the bacteria in my gut are and have been terrorizing the noses of Europe for over a generation ?
See.
That answer has got all the hallmarks of a fancy named death squad member about to release mutant viruses through their sphincter. so please don’t get sucked in to his hypnotic way with scary words from the dark ages
Beam me up Jimmy!!
That’s brilliant.
I’m gonna raise the $250 through crowd funding.
The caveat is genius.
Do you think an edited version would read: “Don’t say we didn’t tell ya kid.”
I’m sure that’s what Darren said, then his lawyer did the editing.
Gonna be a sick DHD chrissy party. Genius.
Got shitty friends that want sniffs, but aren’t willing to pony up cash when the call’s made? Crowdfund your nose beers in the lead up under the guise of well, just about anything really.
Yes, yes, and bloody hell, yes!
I’m going to crowdfund the coin so I can invest in your crowdfund
We can build pyramids together!
You’ll need a few thousand jews
I’m all in, just as soon as my BTC hits the promised 100k mark 🙄
Haha my comment is so money
I’m gonna up myself and now know there’s only 5 other dick heads on here that aren’t alcoholics gearheads or
Oxyfreaks