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AIY, AUTHORISED INVESTMENT FUND LIMITED
blacksheep
post Posted: Jan 12 2019, 03:40 PM
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In Reply To: freoman's post @ Oct 23 2006, 12:27 PM

Noticed Friday's ann - Business Development Updates - so had a bit of a look see what, if anything, this mob have achieved - never heard of them before

QUOTE
Epigenetic cosmetics company Aenea Cosmetics, an investee company of ASX-listed
Authorised Investment Fund (ASX: AIY), has unveiled a high-profile brand ambassador that
intends to push the luxury brand to a “whole new level” with the aid of America’s wealthiest
real-estate mogul, Dottie Herman.


Previous Market Update dated 24 December 2018 on Aenea Cosmetics - lots of projections
extract
QUOTE
AENEA COSMETICS SOAR HIGH IN US $287+ BILLION MARKET, SIGNING PARTNERSHIP WITH WALDORF ASTORIA DUBAI
PALM JUMEIRAH AND WALDORF ASTORIA DUBAI INTERNATIONAL FINANCIAL CENTRE, UAE
Aenea Cosmetics: AENEA (AUST) PTY LTD, the first luxury high tech skin care range to launch globally based on the
science of Epigenetics, following the successful launch of Harrods London and Bergdorf Goodman New York, has entered
into a partnership, launching in the beginning of 2019, with the Waldorf Astoria Dubai Palm Jumeirah and the Waldorf
Astoria Dubai International Financial Centre, to be their only professional and retail skin care provider for their luxury
spas.

The spa market in the Middle East and Africa was valued at AED 11 billion in 2016 (US 3 billion).
Gross revenue projections for treatments alone are expected to hit in excess of AED 3million and with products sales
following suit.

extract
QUOTE
The AIY investment in Aenea Cosmetics is fundamental to the overall strategy that AIY has recently embarked on.

On 5th October 2018, following recent discussions with Mr Damien Zannetou, Aenea Cosmetics Managing Director, the
Board of Authorised Investment Fund LTD (AIY) resolved to exercise its option to increase its equity in the holding company
Aenea (Aust) PTY LTD by 10% to 30% as set out in the agreement between parties.

Quote: Mr. Damien Zannetou, Director Aenea Aust PTY LTD
Mr. Zannetou says ‘the partnerships with the Waldorf Astoria Dubai Palm Jumeirah and the Waldorf Astoria Dubai
International Financial Centre as the first locations, signifies the start of an incredibly exciting time for the brand and its
growth strategy in the next 3 years.

To be associated alongside the Best Luxury Spa Hotel Middle East 2018, as also the winner of the Global Wealth and Finance
Awards for Best Luxury Skin Care Product 2018 shows two incredible forces coming together in what is the fastest growing
spa market in the world, the Middle East.

I look forward to not only working with Waldorf Astoria Spas, but also worldwide across other territories globally going in to
2019/20 in both hotel, spa, professional, retail, epigenetics and skin care as pioneers.

Aenea’s new partnership with AIY and increased equity will help fuel the Aenea brand’s rapid growth on a global scale. Our
vision is to be the first luxury high tech skin care range based on the science of Epigenetics, available to discerning consumers
throughout the world’s leading department stores and now Spa Hotels worldwide.


Aenea also making some "healthy" revenue/cash flow predictions - going from $3.5m in 2019 to $50m in 2021 - 2 years biggrin.gif

QUOTE
Aenea Group projects a healthy financial outlook, maintaining positive cash flow and profitability through 2019 and
beyond.
AUD (Million) 2019 2020 2021
Total Revenue 3.5 15 50
Gross Profit Margin 79.5% 75.5% 75.3%
Net Profit Margin 67.2% 74.2% 75.0%


Appears Damien Zannetou is a serial entrepreneur - according to this article - who pitched Aenea franchise to The Dragon's Den (UK's answer to The Shark Tank I'm guessing) a while back. Appears there was some doubt cast on his "Valuation". Hopefully Damiien's predictions above stack up better.

Damien Zannetou - this is him I believe - https://www.instagram.com/damien_zannetou/?hl=en
Company: Aenea
Concept: Beauty salon franchise
Investment sought: £100,000 for 10% equity
Investment received: None
https://startups.co.uk/dragons-den-series-14-episode-12/

Another recent reported AIY venture - AIY Joins Search for Gold and Other Rare Metals
The Directors of Authorised Investment Fund Ltd ( ASX: AIY ) are pleased to announce
that the company has joined the search for gold and other rare metals in Western Victoria
through its 30% interest in Precious Metals Pty Ltd.

In turn Precious Metals Pty Ltd has acquired a beneficial 12.36% interest in Encounter
Minerals Pty Ltd
. The Encounter Mineral leases are near the township of Casterton in
Western Victoria.

Recent reports from a number of exploration groups in the region have been promising.
In due course it will be interesting to find out the results of Encounters endeavours.

ASX listed SER had a jv with Encounter Minerals on EL 5040 The Casteron nickel-copper project back in 2009- SER withdrew from this in 2017 to focus on other priority projects

Exploration Licence
EL5040
• Status: Current
• What this means: The licence holder can explore for minerals in the licence area.
• Owner: Encounter Minerals Pty Ltd, PO Box 423, South Melbourne,, 3205
• Commodities: Base Metals, Diamonds, Gold, Platinum, Silver
• Application Accepted Date: 26/03/2007
• First Grant Date: 31/07/2009
• Expiry Date: 30/07/2019

Another EL in the name of Encounter Minerals at Casterton is
Exploration Licence
EL5514
• Status: Current
• What this means: The licence holder can explore for minerals in the licence area.
• Owner: Encounter Minerals Pty Ltd, PO Box 423, South Melbourne,, 3205
• Commodities: Base Metals, Gold
• Application Accepted Date: 12/06/2014
• First Grant Date: 10/10/2014
• Expiry Date: 09/10/2019

Financial performance of AIY - taken from AR's

2018 loss $531k
2017 loss $1.9m
2016 loss $248k
2015 loss $470k
2013 Net profit $48k
2012 net profit $322k

Directors must be expecting BIG things - according to recent AGM they proposed rewarding themselves as follows.

Director and officer Remuneration for Financial Year 2019 – Mr Ben Genser Executive Chairman of AIY To consider, and if thought fit, pass the following resolution as an ordinary resolution: “The amount of $525,000 consideration to be satisfied through the allotment of 21,000,000 ordinary fully paid AIY shares together with the granting of 2 attached options exercisable @ 5 cents per share on or before 3 years after the ratification at the EGM. Given these options are exercised an additional " piggyback " option exercisable @ 7.5 cents on or before 5 years after the lapse date of the initial option.”

Director and officer Remuneration for Financial Year 2019 – Mr David Craig Managing Director of AIY
The amount of $525,000 consideration to be satisfied through the allotment of 21,000,000 ordinary fully paid AIY shares together with the granting of 2 attached options exercisable @ 5 cents per share on or before 3 years after the ratification at the EGM. Given these options are exercised an additional " piggyback " option exercisable @ 7.5 cents on or before 5 years after the lapse date of the initial option.”

Senior Executive Remuneration for Financial Year 2019 to Ms Cathy Lin & Consolidated Accounting & Taxation Services Pty Ltd (CATS) To consider, and if thought fit, pass the following resolution as an ordinary resolution: “The amount of $275,000 consideration to be satisfied through the allotment of 11,000,000 ordinary fully paid AIY shares together with the granting of 2 attached options exercisable @ 5 cents per share on or before 3 years after the ratification at the EGM. Given these options are exercised an additional " piggyback " option exercisable @ 7.5 cents on or before 5 years after the lapse date of the initial option.”

Also from AR a list of their assets (shares in various companies) and some background material on some of the companies I looked at

Financial assets at Fair Value
Listed investment –
Endless Solar Corporation Ltd 201,600 50,400

Unlisted investments - shares in
Speedpanel Australia Ltd - placed into admin March 2017 zero value
Plumbers Federation Ltd 119,490 45,090
Collins Court Corporation Ltd 8,362 1,000
Wine Development Fund PL 2 2 -
Box Digital Media Pty Ltd 1,200,000
https://www.prnewswire.com/news-releases/ai...-300585179.html
https://www.listcorp.com/asx/aiy/authorised...td-1947414.html
https://au.linkedin.com/in/john-iliopoulos-46310352

Asian Integrated Media Pty Ltd 5,500,000 - - shares in
https://docs.wixstatic.com/ugd/04115e_e1876...04865c597b1.pdf

Strike Marketing Pty Ltd 100,000 - - shares in http://www.strikemarketing.com.au/services/
https://au.linkedin.com/in/paul-white-b0107b8

AENEA (Aust) Pty Ltd 2,000,000 –
https://docs.wixstatic.com/ugd/04115e_67cf8...75d452b136f.pdf
https://dottieherman.com/
https://therealdeal.com/2019/01/03/what-is-...-elliman-worth/


GLTAH and DYOR. I Don't hold, just leaving my research here in case someone is interested
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
freoman
post Posted: Jan 25 2007, 10:53 AM
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I wonder if the development of the resort by DMY at the mornington peninsula is going ahead icon14.gif

 
freoman
post Posted: Oct 23 2006, 12:27 PM
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In reply to: djbre6 on Tuesday 08/11/05 10:04am

Seems to me this mob are just sitting on the hands and doing stuff all to increase shareholder wealth or should i say dilute!! lets see some positive action thumbdown.gif

 
djbre6
post Posted: Nov 8 2005, 11:04 AM
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Tightly held and still trading at a loss. AGM 30/11/05 @ Dromana Estate

 
DRUGGIST
post Posted: May 7 2004, 11:21 PM
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Glad I missed selling my shares that have doubled in value from lows. Why?

 
DRUGGIST
post Posted: Jan 22 2004, 10:07 PM
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IN REPLY TO A POST BY ADMIN1, Thu 22/01/04 11:58am   [READ POST]

WIF seemed to be looking good then splat. What happened?

 

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ADMIN1
post Posted: Jan 22 2004, 10:58 AM
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created for druggist



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regards,
ADMIN1
 
 



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