WHAT IS A PROSPECTUS ?
THE WORLD'S FASTEST HYDROGEN CRUISER - In order to conquer the seven seas with a zero pollution vessel, we have opted for a high performance trimaran hull, ideal for experimental use of methanol and other forms of hydrogen, in the quest for zero emission waterborne transport. Like all technical challenges, until somebody does it, the trophy remains up for grabs. Nobody has yet crossed the major oceans on methanol as a stored fuel. Nobody has managed it in under 80 days. You can help us be the first. We are the first to propose such an expedition.
The hardest part about building a world record contender is not the design, construction or equipping with the right technology. It is raising the funding. Unlike other projects, the World Hydrogen Challenge is not for monetary gain, it is to advance the achievement of mankind. It is a not for profit enterprise, with noble objectives as the Dividends.
It might be asking too much from traditional crowd funding to support the development and then operation of a vessel like the Elizabeth Swann over a number of years, where the end product is not for sale, but to be used to demonstrate that alternative, non-polluting fuels, may allow transport, every bit as speedily as if puffing along on fossil fuels.
An alternative to grant funding, is equity funding. Where the project is valued (with a suitable contingency) and then shares offered to investors. Those who would like to see the diesel navigation equaled by a vehicle powered by hydrogen, so contributing to the expenses in relation to mounting such a world record attempt.
Normally, a start up company looking to capitalize on technology they hold, or may develop, would arrange for an Initial Public Offering (IPO). This would be to raise substantial $millions. But before offering to the market, a company is typically obliged to issue a prospectus; a legal document describing securities that have been put on sale.
SO WHAT IS A PROSPECTUS ?
Generally, there are two stages to the issue of a prospectus, Preliminary and Final. We will attempt an explanation in plain language, not forgetting that the financial world speaks an entirely different dialect from the rest of us.
The preliminary prospectus is the first offering document provided by a security issuer and includes most of the details of the business and transaction. However, the preliminary prospectus doesn't contain the number of shares to be issued or price information. Typically, the preliminary prospectus is used to gauge interest in the market for the security being proposed.
DURAMAX - Hydrogen fueled diesel engines such as the 6.6 liter unit above, could pose a solution.
The final prospectus contains the complete details of the investment offering to the public. The final prospectus includes any finalized background information, as well as the number of shares or certificates to be issued and the offering price.
A prospectus includes some of the following information:
It is possible to offer securities such as financial services and expertise in for example, the management of hedge or mutual funds.
applicable, prospectuses must be approved by the Financial Conduct Authority before publication.
are exemptions from the requirement to publish a prospectus, in relation to
dealings of lesser value, by, for example, not for profit concerns.
There is though no reason why a company should not issue sufficient shares to remain privately funded.
The advantage to becoming a PLC, is that the number of investors is likely to be many times more, than with shares for sale privately, since the market then extends to more people, who are willing to bet on, and help to support the development of emerging technology.
WE ARE NOT A THINK TANK, WE ARE A DO TANK
The Elizabeth Swann design and features, forms part of a portfolio of Intellectual Property, that investors can buy into and share in the adventure, helping to accelerate the transition to zero emission shipping, in the process, showing the world what is possible.
Not by speaking about it, but by doing it.
NOTE: This is not a prospectus.
LINKS & REFERENCE
ZEWT ALORS - The solar and wind powered 'Elizabeth Swann' will feature solar collectors and wind energy harvesting apparatus in an advanced configuration. Her hull configuration is ideal for mass hydrogen storage tanks, offering ranges of up to 4,000nm on compressed gas, and much more on other forms of hydrogen.
LINKS & REFERENCE
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