Dominica’s first and only tissue paper company, Nature Island Paper Products Incorporated (NIPP Inc), is introducing a forum to allow Dominican investors to buy shares in the business in a private offering.
NIPP Inc will host “Grassroots Investment Pitching” on Thursday 29 August at the Public Service Union (PSU) building on Valley Road— an opportunity for local investors to be a part of the company through the purchase of shares.
The undertaking is in keeping with the NIPP’s initial objective when it was inaugurated on 31 August 2010, and will be the highlight of the observance of its third anniversary.
NIPP Inc is currently moving to capture the entire Dominican market and simultaneously, make use of the OECS Economic Union, to expand its base. With 25 to 30 percent penetration of Dominica’s market, the company is poised to capture a greater portion once it can broaden its ownership base. This move will “sustain the company profitably, in addition to exports,” according to Managing Director Severin McKenzie. “With state-of-the-art and highly energy-efficient machinery, NIPP Inc is well positioned to capture the Dominica market and that of the Leeward Islands, but we must expand now with new products and into new markets,” McKenzie has emphasized.
Since its launch three years ago, NIPP Inc has participated in Compete Caribbean business innovation window, from which an innovative business plan was prepared for the company. NIPP now produces “Falls Soft” and “Emerald Touch” toilet tissue and Serviette Dominique paper towel. Through Grassroots Investment Pitching, ordinary Dominicans can be a part of NIPP’s growth and own shares in the tissue paper business. The objective is to invite individuals to be part of a goal to increase NIPP Inc’s product brand and base expansion.
The upcoming forum comes at a time when NIPP awaits a major breakthrough in the Venezuelan market, due to a shortage of tissue paper in that country. Additionally, NIPP has the potential of penetrating the markets of neighbouring French islands, Martinique and Guadeloupe.
Your money
PUT UP the information before you PUT OUT
From the list of numerous negative responses in regards to the comments made by “dafriend” one can see how the average Dominican does not have a clue about the intricacies of business.
Under British Law and in the absence of a Dominican Law British Law applies to the situation – because we are still a member of the Commonwealth and its legal system – PRIVATE COMPANIES ARE NOT ALLOWED TO RAISE FUNDS FOR INVESTMENT FROM THE PUBLIC. Private companies can be recognised by the abbreviated letters following their name eg Inc which is the American equivalent of Ltd, LLC. This means that if the company loses the money the managers cannot personally be sued to get the money back for the investors.
However, PUBLIC COMPANIES (PLC/plc) – which are normally listed on a Stock Exchange- have already met certain criteria held by the Government before they can raise funds from the public. Public companies are also monitored more than Private Companies via audits and their share value performance and other ratios etc.
This is usually done to prevent:ordinary people from loosing their hard earned money and also ensures that the company is LEGITIMATE. For example the financial records of the company would HAVE to be PUBLISHED so that the average person has access to it and can have it analysed before making a decision to invest. Considering the company is young – only 3 years old – a period when most companies struggle and fail, it is usually advised to be weary of making investments in such companies.
So the statements made by “dafriend” were justified. If NIPP Inc wants an investment they should be willing to PUT UP
Just thinking,where are the supplies going to come from to produce the tissue, is that going to be the start fo deforestation?
Am a Dominican but live in the States,owns a business back home and is interested.
Need to know how can purchase shares, his much shares can be purchased and what is the price per share?…
How can I contact you?
Thanks for all the positive comments and to DAfriend, thanks also for your comments.
The Grassroots Investment Pitch is an initiative to introduce potential investors who share our vision to be part of our company in a PRIVATE OFFERING.
At the activity we will share information about the Company, confidential information will be reserved for only those who meet our criteria. We do not intend to sell shares at the event, you will have information to ponder on to make an informed decision.
The activity will be at 5:00 p.m. at the DPSU building on Valley road.
Can shares be purchased over the internet, do they have a website?
time and price please
The forum will start at 5 PM
Sir, I am a banker by profession and now retired in Dominica. Amongst others I have worked at the LSE and several Investment banks in Europe. It appears to me that in the absence of a stock exchange in Dominica you are attempting to do a private placing in order to raise capital.
In the absence of a floatation prospectus you come to DNO and make some statements regarding your company, amongst others:
a) 25-30% in the Dominican market
b) awaits a major breakthrough in the Venezuelan market
c) potential of penetrating the markets of Guadeloupe and Martinique
d) well positioned to capture the market of the Leeward Islands
What I really want to know you do not touch or divulge, i.e. what is the turnover of your company in the last financial year, what is the profit of your company in the last financial year, etc. In other words things that are really important to know for any investor you do not touch.
Comments to:
a) 25-30% of the Dominican market in 3 years is a mediocre result
b) pie in the sky or have you any contract or MOUs
c) pie in the sky
d) pie in the sky
I am sure you won’t be too upset if I am not buying any of your shares or even wasting my time to attend your ‘Investment Pitching Event’. A bid of advice, if you really want to break into business get advice from professionals and save yourself any further embarrassment. This is a amateurish attempt to copy something on the cheap you probably red about in the FT.
Why don’t you set up your own company? What type of banker are you? Why should a private company divulge its confidential information in public? Which bank do you work for? Do you have share in it.
Stay away from the man’s activity, trouble maker.
dafriend, you have touched on some pointers that i also had in mind – great, but in your last paragraph you definitely sound like a hater.
I wanted to invest, and these are good things to think about before signing that check.
Thanks for your comments, without people like you the world would be quite a boring place to live. The Grassroots Investment Pitch that we are organizing is aimed at persons who share our vision and you obviously do not fall in this category.
As an experienced banker, I find it strange that you would expect a PRIVATE Company to broadcast its highly confidential information to the world. I suspect that the modern banking procedures have eluded you,that’s why you are retired. Banks these days do not give you information of your own account without an I.D, did you know that?
So thanks again for your comments, it reminds me that people like you exist and my guard should always be up. Take care and please do not change your mind.
Why don’t you go to the presentation and seek all this information before you come here and criticize?
The man cannot put all the facts of the company on an item where he is announcing a presentation towards a new venture. If you want all that info, which I am sure many other people wants to know the same things you are asking, GO AND FIND OUT, that is what the forum will be about, to give information about the company and for people to ask questions. What embarrassment are you talking about. The man is having a forum to open up to investors. He is doing this as he wants to, he does not have to do it your way? I am really surprised that someone could come out so strongly about this. Notice that the other people making comments are seeking information so they can be there. I suggest you keep your advice to yourself if you have to be so harsh about it.
In the absence of proper oversight, financial statements can be useless. Despite that they are very important in making investment decisions.
You don’t need to be degrading while making your point. Imbecile!
What you said has merit, but I would assume these are the things that will be discussed at teh meeting. I can hardly believe they would be interested in having moms and pops investing $1000 into the company.
My thought is they would be targeting people who are willing and able to invest $100,000 and up and therefore they will make the relevant information available to these people. To me trying to attract half the island who will invest $1000 is more trouble than it is worth. Better to have a few people investing large sums of money.
Being a private company, I would not expect them to post their financials on DNO.
How is this product Marketed? I have not seen a major market push. Why should I invest?
I don’t enjoy your tone, this is an opportunity to provide guidance, not to be critical in that manner. Even you who apparently knows so much started out somewhere!
I do not care if you do enjoy my tone. But you are absolutely right that I started out somewhere. I learned a lot during my career. Amongst others: 1) if I do things, I do them properly and professionally, 2) I do not get involved with the likes of you, big mouth…nothing else. Unlike you, I made my money…you in all likelihood are still dreaming about it! So, who knows about business you or me? You’ll still be dreaming in 20 years time! You deemed it necessary to reply to my post and now you got your answer.
Valid comments. Who determines what the shares are worth and on what basis? Do these shares have full voting rights? What is the underlying value of the company? What unencumbered assets does it have? This quest for cheap capital may well be genuine and sincere but right now it feels all I’d be buying would be an i.o.u. of undetermined length and without a guaranteed return.
to dafriend:
you made very good and very valid points. Sometimes people’s activity in Dominica reminds some parody on what people do in the Americas, Asia or Europe. I dont want to sound rude but common such company investment grade is SUPERMEGAJUNK..not because company itself is bad but because if present your company as amateur you make your company look silly and amateur. Right now you make parody..its not private /public placement but parody. its the same as paint on the wall of pizzahut: Invest in pizza – very good company – profit 1000%…its just ridiculous
i won’t be able to make the meeting but trust me, i want to buy some shares… i will be contacting the company soon in this regard
Can Dominicans living overseas buy shares?
Has some forward looking coments in there. Hope more snall companies in dominica can undertake such initiatives so locals can have an opportunity to invest there own money. We need more options than the banks
You must be a gambler. The failure rate of small companies are inherently very high. Multiply that by one thousand in the case of companies operating in places like Dominica.
what time is the meeting? whats the minimum amount needed to be a shareholder?
What is the cost of the share?
When can we purchase and how much is a share
When does it START and FINISH?
I want some!!!
dno,… thursday the 29th at what time?