Becoming a CoaX Shareholder
Sophisticated and professional investors are welcome to join us at CoaX Helicopters Limited to help us achieve our goals of full scale production. There are some strict rules that we must observe when we receive offers from potential investors, so please read the information on this page carefully to decide if investing is for you.
1. Seek independent professional advice.
Ventures such as CoaX Helicopters, particularly during their start up phase, are considered HIGH RISK. It is vital that independent, industry specific, expert advice as well as independent financial advice is sought prior to making an investment decision.
2. Business Plan.
A copy of the CoaX Helicopters Business Plan should be reviewed and is available on request.
3. CoaX Group goals:
a. Purchase additional IP to advance CoaX rapidly to the pre-manufacturing phase.
b. Restructure the CoaX group of companies.
c. Continue existing products at a rate commensurate with funds available.
d. Advance development of the Auto-flight system.
e. Advance development of potential diesel engines.
The short term objective of the CoaX group is to raise Au$5,000,000.
4. Minimum Package.
Only a limited number of investment parcels are available per annum. The minimum investment option is $AU50,000.
5. Special Incentive offer.
For every $100,000 invested as purchase of CoaX Helicopters shareholding you will receive a 10% reduction in the purchase price of your first manned CoaX Helicopter.
A $200,000 investment will see a 20% reduction in the purchase price of your first manned CoaX Helicopter
This will continue up to the value of $1,000,000 where you will receive a 100% reduction in the purchase price of your first manned CoaX Helicopter from our initial release retail aircraft.
The shareholding must be taken as a single investment package.
The incentive package can not be considered retrospectively or cumulatively.
The shareholding must be held for a minimum of 3 years to qualify for the discounted price.
The discounted price will not include any costs associated with a CoaX Helicopter purchase for example, licence cost, transport cost, storage cost etc.
The helicopter on offer will be a single seat manned CoaX aircraft available from the pool of initial design release aircraft.
This offer is for the original participant only and is not transferable.
This offer may be discontinued at any time
6. Sophisticated or Professional Investors.
Investors must satisfy the criteria of a ‘Sophisticated Investor’.
Provisions of sections 708(8) or 708(11) of the Corporations Act 2001 (Cth), investors need to be classified as “Sophisticated” or “Professional”.
The tests for Sophisticated Investors relate to an Income and an Asset test, namely:
• Net assets of at least $2.5m, or
• An aggregated gross income for each of the last two (2) financial years of at least $250,000 per year.
The tests related to Professional Investors relate to:
• Management of funds in the amount of $10 million dollars, or
• Holder of an Australian Financial Services Licence.
Refer to the link below.
7. Taxation Liability
Investors should seek independent taxation advice in respect of taking up the Incentive Option.
CoaX Helicopters is not subject to, or responsible for any cost incurred, financial liability, taxation penalty or other external cost including cost of such items as GST and other consumption taxes.
8. Right of Veto.
CoaX Helicopters Limited reserves the right to selectively reject any application for shareholding without disclosing any reason for the rejection.
Sophisticated Investor – http://asic.gov.au/regulatory-resources/financial-services/financial-product-disclosure/certificates-issued-by-a-qualified-accountant/