08-07-2021, 06:22 PM
What do you guys think about Boxabl?
<!-- SC_OFF --><div class="md"><p>They make collapsible pre fab tiny houses, with plans to make much more in the future. It's the one that Elon Musk just got in Texas. They don't use wood or drywall and are almost ready to use their new factory to mass produce these things. They would be good for Accessory Dwelling Units, or internationally for cheap houses, aid, etc. They say they already have a ton of orders that they will only be able to fulfill once the factory is fully up and running. To invest, you need to be accredited, 10K min. Note accrues 10% interest until it converts to stock at a 10% discount (if it does). They say that they already have 20,000 orders at over $1 billion.</p> <p>A couple questions I have though. Can you sell your stake before the company goes public? How would that work? Is there a way to prevent people from selling their stake? How does the 10% interest work? Do they pay that out each year or something? Or does it get rolled into the stock?</p> <p>From their site: " Over $1bn in potential revenue for “reserved” Casitas by over 20,000 potential customers in less than one year. Growing everyday. About 10% of these reservations include deposits paid, these customers have a potential of $100,000,000+ in revenue. System protected by 17+ patent filings and growing. We have received 2 purchase orders from ADS, Inc., to deliver 156 homes to the federal government. Huge social impact, potential to improve the quality of life for billions of people. The only building system compatible with automobile style factory mass production. Isn't it time we manufacture houses the way we manufacture everything else? Guided by Volkswagen Groups Porsche Consulting Inc. for the design and implementation of Boxabl’s new factory Potential to disrupt a massive and outdated trillion dollar building construction market, starting with the rapidly growing USA Accessory Dwelling Unit market. Initial production facility of ~150,000 sq ft projected to produce 3600 Casitas annually. Potential of $180,000,000 in revenue. Plan for worldwide expansion using other people's capital via a partner factory model. 100+ partners indicated interest in opening partner factories in almost every major country A product engineered to build almost every building type in almost every country on the planet. Invest in Boxabl, for accredited investors only We are raising money to mass produce the world's most advanced building system and change the lives of billions of people around the globe.</p> <p>Accredited investors get discounted pricing on our upcoming Regulation A+ exempt public offering.</p> <p>Invest in a convertible note that converts to stock at a 10%-30% discount to Regulation A+ price Additionally, the note accrues 10% interest per annum until it converts to stock Invest $10k+ get 10% discount on the share price Invest $100k+ get 20% discount on the share price Invest $1m+ get 30% discount on the share price "</p> <p><a href="https://invest.boxabl.com/">https://invest.boxabl.com/</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Dodaddydont"> /u/Dodaddydont </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/ozcwhk/what_do_you_guys_think_about_boxabl/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/ozcwhk/what_do_you_guys_think_about_boxabl/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>They make collapsible pre fab tiny houses, with plans to make much more in the future. It's the one that Elon Musk just got in Texas. They don't use wood or drywall and are almost ready to use their new factory to mass produce these things. They would be good for Accessory Dwelling Units, or internationally for cheap houses, aid, etc. They say they already have a ton of orders that they will only be able to fulfill once the factory is fully up and running. To invest, you need to be accredited, 10K min. Note accrues 10% interest until it converts to stock at a 10% discount (if it does). They say that they already have 20,000 orders at over $1 billion.</p> <p>A couple questions I have though. Can you sell your stake before the company goes public? How would that work? Is there a way to prevent people from selling their stake? How does the 10% interest work? Do they pay that out each year or something? Or does it get rolled into the stock?</p> <p>From their site: " Over $1bn in potential revenue for “reserved” Casitas by over 20,000 potential customers in less than one year. Growing everyday. About 10% of these reservations include deposits paid, these customers have a potential of $100,000,000+ in revenue. System protected by 17+ patent filings and growing. We have received 2 purchase orders from ADS, Inc., to deliver 156 homes to the federal government. Huge social impact, potential to improve the quality of life for billions of people. The only building system compatible with automobile style factory mass production. Isn't it time we manufacture houses the way we manufacture everything else? Guided by Volkswagen Groups Porsche Consulting Inc. for the design and implementation of Boxabl’s new factory Potential to disrupt a massive and outdated trillion dollar building construction market, starting with the rapidly growing USA Accessory Dwelling Unit market. Initial production facility of ~150,000 sq ft projected to produce 3600 Casitas annually. Potential of $180,000,000 in revenue. Plan for worldwide expansion using other people's capital via a partner factory model. 100+ partners indicated interest in opening partner factories in almost every major country A product engineered to build almost every building type in almost every country on the planet. Invest in Boxabl, for accredited investors only We are raising money to mass produce the world's most advanced building system and change the lives of billions of people around the globe.</p> <p>Accredited investors get discounted pricing on our upcoming Regulation A+ exempt public offering.</p> <p>Invest in a convertible note that converts to stock at a 10%-30% discount to Regulation A+ price Additionally, the note accrues 10% interest per annum until it converts to stock Invest $10k+ get 10% discount on the share price Invest $100k+ get 20% discount on the share price Invest $1m+ get 30% discount on the share price "</p> <p><a href="https://invest.boxabl.com/">https://invest.boxabl.com/</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Dodaddydont"> /u/Dodaddydont </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/ozcwhk/what_do_you_guys_think_about_boxabl/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/ozcwhk/what_do_you_guys_think_about_boxabl/">[comments]</a></span>Kind Regards R