By mutual agreement with Seedrs on 28th September 2012 we ended our listing on Seedrs, the FSA approved crowd funding site, and all the people who were going to fund us by that route got their funds back during the afternoon from Seedrs. The reason for this decision was because we formed the view that Seedrs were not going to be able to raise the SEIS funds that we were seeking in the remaining week of our listing.
But the opportunity to invest in PBR is not going away. Soon we are going to be opening our own SEIS investment opportunity. Last week we filed the Advance Assurance paperwork with Inland Revenue and anticipate getting HMRC's written assurance by around the end of October. We are formalising a new early stage investment opportunity for PBR which, we believe, will be just as good as the investment opportunity presented to our investors but without the 7.5% fees being deducted by Seedrs from all our early stage investors. Equivalent protections for small investors to those given to Seedrs investors under their FSA approved scheme will be offered by us directly under a Shareholder Agreement.
More news in a few days. Please feel free to drop me a line at firstname.lastname@example.org if you want to enter into a discussion with me.