So what are the implications of this small amount for the cost structure of the fund? Does it not put the initial costs up very high as they will be spread over only €13m?
I think that it is more down to the type of service. You can't really compare an 'Advisory' Service and an 'Execution Only' Service, which is what you are doing in the above example.We don't like them, but we tend to trust them more than a group of individuals.
Good questions Boss. As I have already observed, this volunteered concession will cost the promoters a cool 500K. It was conceded late on when it must have been obvious to them that no way would they meet their 50M target.Is the Sindo article legally binding on them?
Did the prospectus mention a cap?
EH was just on Newstalk's Down To Business and mentioned "raising a little over €13M".From this mornings fxcentre site...
Brendan Investments, the property fund set up by broadcaster and finance guru, Eddie Hobbs, has raised just E13m - far short of the E250m he had hoped to raise.