All investments in an incorporated entity in Australia are regulated by ASIC and the investor should inform himself/herself of all relevant regulatory issues and requirements.
Class Order Warning
Any member and/or participant involved in actions relating to investments considered and/or made by members of Melbourne Angels has agreed that he/she has read and understood the following Class Order Warning:
Melbourne Angels operates under the exemptions granted in ASIC Class Order 02/273 as a business introduction service and publisher involved in the encouragement of investment in Small and Medium sized enterprises on a not-for-profit basis.
Investment in new businesses carries high risks. It is highly speculative and before investing in any project about which information is given through Melbourne Angels, prospective investors are strongly advised to take appropriate professional advice.
(A) a prospective investor should obtain further information from the Issuer or Seller and conduct further enquiries about the proposed investment and the securities that may be issued, allotted, or sold before subscribing for or buying those securities;
(B) requests for further information about a proposed investment and the relevant securities may be made to the Issuer or Seller (as the case may be);
(C) a prospective investor is strongly advised to take appropriate professional advice before subscribing for or buying any securities, including whether the proposed investment is suitable for that person’s circumstances;
(D) no contract for the subscription or purchase of securities discussed at a Meeting shall be entered into on the day of the Meeting between an Issuer or Seller and a prospective investor who attended the Meeting; and
(E) a contract for the subscription or purchase of securities discussed at a Meeting entered into during the period of five business days commencing on the date of the Meeting, with a prospective investor who attended the Meeting, is voidable at the option of the prospective investor, without penalty or forfeiture, during the period of ten business days commencing on the date of the Meeting.