This section is currently being updated.
If you satisfy any one of the following three categories, you can apply to join the Sphere Investor Opportunities Club.
1.††††† Professional Investors
A person who controls or manages at least $10 million of investment in securities, or holds a dealerís license or investment adviserís license.
2.†††† Wholesale Investors
A person who has net assets of $2.5 million or has gross income for each of the last two financial years of at least $250,000 a year. This criteria must relate to the same entity to which the offer is made. A qualified accountant must certify that the person/entity satisfies this criteria and this certification must be no more than two years old.
3.†††† Sophisticated Investors
Where an offer to a person/entity is made through a licensed securities dealer, such as Crementum Capital Pty Ltd, and that dealer is satisfied on reasonable grounds that the person to whom the offer is made has previous experience in investing in securities that allows them to assess:
(i) the merits of the offer, and
(ii) the value of the securities, and
(iii) the risks involved in accepting the offer, and
(iv) their own information needs, and
(v) the adequacy of the information given by the person making the offer.