RISK WARNING - FUNDING PRIVATE BUSINESSES
All of the Businesses listed on the CFIC Website are private businesses. If you are contemplating funding private businesses, you are advised to consider the following risks:
Your Funding may decrease in value
The Businesses you fund through our Website are private start-up, early-stage or small to medium sized businesses that are seeking to launch a service or product and may not have an established track record.
Your Fundings are illiquid
There is no public market for private businesses, and there may never be a market. Consequently, you may be unable to sell, gain any profit, or even recover the original capital, from any of the Fundings you make.
Unlike public companies, private businesses are not required to report on their financial status
The Businesses that list on the CFIC Website make a commitment to us that they will update Funders regularly through our Website in regards to their performance. However, there is no guarantee that they will abide by this commitment, and we do not guarantee that action will be taken against them if they fail to do so.
Private businesses are not bound by the same regulatory requirements as a public company
When a business goes public, they must disclose certain information and abide by strict regulations regarding their activities, disclosure and corporate governance. The businesses listed on the CFIC Website are not bound by those regulations.
Voting rights
To understand what rights are being granted by the businesses you plan to fund, you are advised to read the terms of any disclosure thoroughly. CFIC will make every reasonable effort to make sure that businesses honor the terms of the listing after Closing of any Funding, but CFIC will not be liable to you for any failure by the Business to do so.
Listing Disclosure
A well prepared Listing will detail all risks and conflicts of interest in relation to the listing, the Business, and the Businesses operations. CFIC will guide the businesses to assist them in preparing fair and full disclosure of all risks in their Listing. We do not have the ability, however, to determine if all such risks have been fully disclosed or accurately described and will not assume any responsibility for any failure to do so. You should fully assess the risks attached to any funding prior to making any funding choices, and query any matters for which you feel that risk warning has not been adequately made.
BE AWARE THAT THE PAST RESULTS OF ANY FUNDING IS NOT NECESSARILY INDICATIVE OF FUTURE PERFORMANCE. YOU ARE ADVISED TO ONLY COMMIT MONEY THAT YOU CAN AFFORD TO LOSE TO ANY FUNDING ON OUR WEBSITE. FUNDING PRIVATE BUSINESSES IS NOT FOR EVERYONE AND ENTAILS DIFFERENT RISKS THAN ARE ENCOUNTERED IN MORE TRADITIONAL FUNDINGS. PLEASE CONSULT YOUR ADVISORS FOR FUNDING AND TAX ADVICE PRIOR TO MAKING ANY DECISION. CFIC DOES NOT PROVIDE ANY FUNDING, TAX OR LEGAL ADVICE AND WILL NOT ASSUME ANY LIABILITY FOR ANY FUNDING, TAX OR LEGAL ISSUES IN CONNECTION WITH ANY FUNDING YOU CHOOSE TO MAKE.
All of the Businesses listed on the CFIC Website are private businesses. If you are contemplating funding private businesses, you are advised to consider the following risks:
Your Funding may decrease in value
The Businesses you fund through our Website are private start-up, early-stage or small to medium sized businesses that are seeking to launch a service or product and may not have an established track record.
Your Fundings are illiquid
There is no public market for private businesses, and there may never be a market. Consequently, you may be unable to sell, gain any profit, or even recover the original capital, from any of the Fundings you make.
Unlike public companies, private businesses are not required to report on their financial status
The Businesses that list on the CFIC Website make a commitment to us that they will update Funders regularly through our Website in regards to their performance. However, there is no guarantee that they will abide by this commitment, and we do not guarantee that action will be taken against them if they fail to do so.
Private businesses are not bound by the same regulatory requirements as a public company
When a business goes public, they must disclose certain information and abide by strict regulations regarding their activities, disclosure and corporate governance. The businesses listed on the CFIC Website are not bound by those regulations.
Voting rights
To understand what rights are being granted by the businesses you plan to fund, you are advised to read the terms of any disclosure thoroughly. CFIC will make every reasonable effort to make sure that businesses honor the terms of the listing after Closing of any Funding, but CFIC will not be liable to you for any failure by the Business to do so.
Listing Disclosure
A well prepared Listing will detail all risks and conflicts of interest in relation to the listing, the Business, and the Businesses operations. CFIC will guide the businesses to assist them in preparing fair and full disclosure of all risks in their Listing. We do not have the ability, however, to determine if all such risks have been fully disclosed or accurately described and will not assume any responsibility for any failure to do so. You should fully assess the risks attached to any funding prior to making any funding choices, and query any matters for which you feel that risk warning has not been adequately made.
BE AWARE THAT THE PAST RESULTS OF ANY FUNDING IS NOT NECESSARILY INDICATIVE OF FUTURE PERFORMANCE. YOU ARE ADVISED TO ONLY COMMIT MONEY THAT YOU CAN AFFORD TO LOSE TO ANY FUNDING ON OUR WEBSITE. FUNDING PRIVATE BUSINESSES IS NOT FOR EVERYONE AND ENTAILS DIFFERENT RISKS THAN ARE ENCOUNTERED IN MORE TRADITIONAL FUNDINGS. PLEASE CONSULT YOUR ADVISORS FOR FUNDING AND TAX ADVICE PRIOR TO MAKING ANY DECISION. CFIC DOES NOT PROVIDE ANY FUNDING, TAX OR LEGAL ADVICE AND WILL NOT ASSUME ANY LIABILITY FOR ANY FUNDING, TAX OR LEGAL ISSUES IN CONNECTION WITH ANY FUNDING YOU CHOOSE TO MAKE.