The raise is done and the dust is settled...now for the next question: What can you do with your slice of pie?
Please note the information below is provided as a guide only.
Where do I find the Payment Receipt from my Investment?
Note, this action is only available once your shares have been issued.
Log in to Birchal using the email address entered when you made your investment
Navigate to your Shares tab in My Portfolio
Select the relevant investment, and click 'Actions'
'Download Payment Details'. Your payment details will be downloaded as a PDF.
Image Example: Downloading your Payment Receipt from Birchal
Image Example: Your Payment Receipt from Birchal
Where do I find my share certificate and shareholding?
The company you invested into (The 'Issuer') will have nominated an Online Share Registry through which they will manage new shareholders acquired through CSF (equity crowdfunding). You should have received an email from the online Share Registry when you received your share certificate.
If you can't remember which Share Registry went with which campaign, you can 'access your share certificate" via https://www.birchal.com/manage/portfolio/investments/shares
How long do I have to keep my shares for?
Offers to sell shares that have been issued under CSF offers are not covered by the CSF regime. Investors are not able to sell shares acquired under a CSF offer within 12 months of their issue without a prospectus or other disclosure document, unless:
an exemption in s708 applies (e.g. sales to sophisticated or professional investors)
ASIC makes an exemption.
To find out more about the rules around CSF, head to ASIC RG 261, speak to a financial professional, or find specific company answers to your queries in the Offer Document and company constitution prepared by the Issuer.
How do I track the value of my shares & what if I want to sell?
As shares in private or public unlisted companies are considered to be 'illiquid' (i.e. not easily bought or sold), their value doesn't bounce up and down like they would on the ASX (or an open market). This also means you often cannot easily sell your shares if you decide this investment is not right for you or if you need the money back (see risk warning below).
CSF shares cannot be found on the ASX because private companies are not publicly listed, therefore public information about the company is not always readily available. The first step is always to contact the company you purchased shares in to learn when they will be releasing their next investor update. Moneysmart has also provided a broad guide on "Keeping track of your shares" that can help point you in the right direction.
General CSF Risk Warning
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 becomes insolvent, you may have difficulty recovering your money.
Ask questions, read all information given carefully, and seek independent financial advice before committing yourself to any investment.