Theo Afkoudias B Ec (Accounting) M. Business (Marketing) is an Accredited ASSOB Sponsor. ASSOB stands for the Australian Small Scale Offerings Board.
ASSOB provides a platform, or a board so to speak, for businesses to list on. The main purpose of any board such as ASSOB or the ASX is to provide a degree of liquidity to shareholders of a company. ASSOB may also offer it's listed companies exposure to a database of people interested in receiving information on ASSOB listed businesses.
Capital raising - Those seeking to raise capital in Australia must adhere to current ASIC capital raising requirements. Theo Afkoudias has intricate knowledge of current requirements. He also has available to him, the resources of ASSOB legal counsel and has the backing of the law firm of GM Legal Services.
Capital raising is not the same as listing a business on a board - be it ASSOB, NSX or ASX . They both have two distinct purposes; capital raising is the process of raising money from investors and listing on a board provides a legal platform for investors to buy and sell shares.
The implication is that 'listing' a business on a board does not guarantee investor interest. Theo Afkoudias and ASSOB have strict selection criteria all potential customers must meet. See 'Selection Criteria' below.
Compliance listing / Business valuation listing- A compliance listing is one where an existing business seeks to list part of their company where the primary purpose may be either one of establishing a valuation; as a step toward a trade sale or listing on the ASX or other major board, or, as part of a proprietor exit strategy - succession planning.
Business valuation has always been and will remain a highly contentious issue. The value of anything is what somone will pay for it. The only companies that have firmer arguement than most about what they're worth are those listed on the ASX. They always sell, or are taken over, at a price per share SUPPORTED BY WHAT INVESTORS HAVE PAID IN THE RECENT PAST. A compliance listing on the ASSOB board brings this invaluable tool to any established Australian business.
Where selling shares is the outcome of a compliance listing, these shares sold are generally those that belonged to the proprietor so money goes to the proprietor and not the business.
Theo Afkoudias may assist any established business with a compliance listing on ASSOB.
Selection Process
Both ASSOB and Theo Afkoudias have
their own selection criteria for clients. ASSOB has a formal listing
committee with strict criteria to satisfy around areas such as the
management team and their suitability to their roles, financial
performance, strategic plans of the business, exit strategy, etc.
Should
a client not currently meet criteria for listing on ASSOB but commit to
working toward it, Theo will match such commitment and offer to help
these clients work toward meeting the selection criteria.
There is Always a Way
Theo Afkoudias believes 'there is always a way' to achieve any goal including capital raising. The one question a client needs to consider is whether they have the stamina and determination required to undertake such activity. Theo Afkoudias will guide clients 'through the maze' of legislation, documentation and strategy but success always comes down to how much the client wants to succeed.
I Want to Know More
There are many variables to discuss with regards to listing on the ASSOB board and a client's suitability.
For a frank and confidential discussion on your plans please contact us.
Contact Us
Theo Afkoudias
Tel 0412800440
Em: theo@projectprospectus.com.au
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