For Entrepreneurs and Founders
At MyMoney we understand the position founders, entrepreneurs and owners feel when they decide to consider the question of unlisted vs listed. Having participated in both sides over the past 35 years, the decision to be part of a listed company becomes more emotional than staying with the unlisted structure. That is why we created MyMoney.
MyMoney provides the resources, insights and guidance that provides business with all the resources and support to function with great corporate governance with the flexibility, transparency and control of an unlisted company. Having undertaken the corporate secretarial, governance and compliance of both unlisted and unlisted, we recognise that there are no shortcuts. Both situations involve the same due diligence.
Then you ask what is the most significant difference between having my business as an unlisted company vs listed company. This is many cases is the liquidity of shareholdings and the demand for the market to show an easy, simple and transparent and authentic way of showing price transparency.
With now greater scrutiny across all asset classes whether listed or unlisted, it is important that all corporate governance is maintained in a fit and proper manner.
This is where MyMoney can assist unlisted companies with the use of Blockchain technology we are able to provide the transparency, authenticity and immutable record keeping to ensure that your unlisted company can perform and function and maintain good corporate governance the same as required by listed companies.
MyMoney – we help companies assess their skills, corporate governance and choose a new direction which utilizes the talents of the team and resources most productively by leveraging Blockchain technology.
- Capital Raising
- Trade Sale
We can help you transform your business to a revenue-producing asset that lets you work as much or as little as you want.
Our clients are often surprised by the possibilities we present to them; by thinking outside the box we present exciting new opportunities and approaches:
- Discuss the vision and goals of the owners and founders
- Listen to what they want to achieve
- Provide the guidance, insights, alternatives and options
- Provide an agnostic assessment using our iBOP® methodology
- Consider the strengthens, weakness, opportunities and threats of each approach
- Align with the owners and founders to achieve an optimal approach
Is your business needing extra capital to expand? Do you have a business plan for future expansion including new product lines, enhanced operations, handling sales increases? MyMoney can assist you with your capital raising. Our experienced team provides you with the guidance, intelligence and process. Our approach is not using Crowdfunding from retail investors. Our approach is to introduce your organisation to wholesale, sophisticated, professional and institutional investors only.
Our team can work with your existing professional team or we are able to provide you with introductions to teams that we have worked with in the past. Utilising a tailored process built around our due diligence and project management provides confidence for our clients.
Are you wanting to reduce part of the exposure you have in your business by selling some of the shares you hold? Not wanting to list your company to get the liquidity moment? Do you have staff and other shareholders that may have been hoping for a liquidity moment? Then wait no longer.
MyMoney through access to BlockX is able to provide access to liquidity tool functionality through our blockchain solution. Our solution provides a trading hub for shares and options to be bought and sold between invited only participants. This is not an exchange as you know it or a market-making exchange. Our solution is by invite only and the company secretarial and board control the price and amount of shares. The share transfer is updated and proceeds of funds made available within easily understood commercial terms.
How important is intellectual property to your business? Very important. From trademarks, brands, patents, copyright, domain names and trade secrets it is all part of the valuable assets of your business. All business have some sort of intellectual property and it critical that it readily identifiable, managed, commercialised, controlled and appreciated.
MyMoney strongly supports the importance of intellectual property within a business and recognises the process, operations and corporate governance that makes it a valuable competitive asset. To provide our clients with the support that is needed, MyMoney has created a specialised service and solution four clients called MyKnowledgeMark®. MyMoney works closely with our clients to ensure that intellectual property is an important and valuable asset to the business. With our dynamic process of identification, management and corporatisation of intellectual property we provide the critical insight into valuation.
Are you at risk of a cyber attack? Is your business already being threatened? Is your cyber security sufficient enough to minimise and reduce the financial, market and corporate vulnerability?
If you have a cybersecurity strategy then great. Keep it up to date, keep managing and utilise it as a corporate asset of the business. When looking to raise new capital, creating secondary market liquidity or the possibility of a trade sale or maybe a listing on a Stock Exchange, the business will need to ensure that they a robust, manageable and detailed cybersecurity procedure and policy.
Why do you ask? In the event, a cyber attack occurs while you are undergoing any corporate activity from raising to due diligence or listing the process will have to cease to update potential investors, buyers and regulators will want to know the financial impact and breach of any private data. Confidence will be reduced, the damage needs to be assessed and rectification of any breaches.
MyMoney understands cyber risk. We have established a dedicated company called BCyber® just for the role and job. As a dedicated cybersecurity business, the company has access to specialised cybersecurity insurance, technologist and market leading software specialist. We recognise cybersecurity is important and want to identify this as both a strength and weakness for business. Our team is ready to help you.
Have you thought what is the best alternative for you as a business owner, founder, entrepreneur and for your shareholders? Do you know and follow what options are available to you? Maybe raise more capital, maybe raise unsecured debt, how about secured debt? what about convertible notes? what about special purpose vehicles? cornerstone investors? strategic investors? active vs passive investors? Many scenarios are available and need to be considered by the business owner in an unlisted corporation.
MyMoney has developed assessment process, methodology and programs to assist with capturing information that allows a better insight into the business. Our programs include InvestorView®, InvestmentView®, Local Knowledge Global Innovation® and iBOP® Methodology.
Why Blockchain? The question needs an answer.
MyMoney strongly believes and supports the process of using Blockchain to help manage unlisted companies. The reason for the support is as follows and is based upon the existing structure currently utilised. Our goal is to improve and enhance the existing process and approach.
The current approach
In managing an unlisted company many unjoined parts of the corporate register are stored and maintained. The corporate registered office is usually at the accountant’s office, the paper copy folder corporate register is either at the accountant’s office, companies office or maybe at the founders home. The shareholder register is maintained online or with the accountant, maybe any updates to the register may not be reflected in the folder whether that be maintained by the owner or accountant. Minutes of meetings, circular resolutions are also maintained by word documents and PDF files that are either stored by hard copy, at the company or at the accountant. What about the company certificate of registration in the corporate folder, office or accountant? How about witnessing and authentication of original documents? Do you need to print out all the documents then scan? How do you know how much each share tranche was purchased at? and by which shareholder? can you also manage employee stock options? or is this undertaken via an excel spreadsheet?
Capital raisings also can create difficulty for unlisted companies, version controls for pitch documents, offer documentation authenticity, centralised processing and updating?
MyMoney is not trying to eliminate the process, we are just trying to make it more efficient, transparent with authentication to provide the level of confidence required. Our Blockchain solution called BlockX provides a centralised platform for the management of the corporate registry of the company. Our solution provides in a central location the following:
- Centralised shareholder management with share class and employee stock options
- Centralised shareholder meetings, resolutions and company announcements
- Centralised investor relationship platform
- Centralised internal trading platform for liquidity
- Centralised board minutes
- Company document storage with data of preparation and authenticated and stored on distributed ledger
- Centralised corporate updates integrated to ASIC register
The end-to-end security tokenisation platform. Our tokenisation platform handles all aspects of issuance, transfers, and managing custody of security tokens and wallets. BlockX platform is focused entirely on making it as easy as possible for companies to tokenise their shares on the blockchain. All tokens are ERC-20 compliant, and configurable to support all other standards.
Bringing It Together
Once the right plan has been created for a company we work with them at creating a strategy that allows the plan to work. We look at the environmental factors of our clients and make recommendations about steps which can be taken to move in the right direction: