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Band of Anglers Investment

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It seems odd to me that a very successful lure designer would be soliciting investments from the general public via crowdfunding. 
 

Not sure I agree with the valuation. 

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Patrick Sebile and his new company.
 

They are trying to raise the maximum crowdfunding amount allowed by the SEC.  <$1.07MM class b (non voting right) shares of the company.
 

Unfortunately this investment is subject to dilution if the company decided to sell shares in the future the percentage of the company you own will decrease. 

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Posted (edited) · Report post

Reading the fine print - it looks like the company has been operating at a net loss, and not a small one. 
 

 

B7AA3C36-F93C-438D-A3F3-DBCF284D20E0.jpeg

Edited by ged

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1 min ago, R.R. Bridge Fisher said:

So all the magic swimmer money is gone?

Pure Fishing bought “Sebile” years ago. 
 

This is his new company, Band of Anglers

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I have read enough fine print to quietly walk away before I upset an investor and get my knees broken…

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I can’t believe OTW is emailing this out. The company lost almost $2MM in 2 years and their valuation is almost $8MM. 

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Just now, Pickerel92 said:

I could give a hoot less about their flying flarpteks and swimming bonecrushers. They aren’t getting my money.
 

All I need is a bunkah chunk.

Needle poppers and pencil divers…

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