Red Mountain BC looking for investors

"Invest and get shred equity."  Red Mountain in BC.  I'm not a candidate, but this looks a tad expensive.  Any thoughts?

http://www.redresort.com/ownthemountain/

Peter Minde wrote

"Invest and get shred equity."  Red Mountain in BC.  I'm not a candidate, but this looks a tad expensive.  Any thoughts?

http://www.redresort.com/ownthemountain/

Bottom line is that this campaign is neither a Kickstarter for a discount on a product or service, nor an investment in the sense of hoping for getting increased value at some point in the future.  For $3500 and up, can get custom design skis or boards as something tangible.  For any amount starting at $1000, become a non-voting shareholder with access to a cozy owners-only lodge (to be built) and preferred access to a few on mountain cabins (to be built).  All Tiers get lift tickets or season passes.  If Red is ever sold, D Share investors get their money back before other investors.

First goal for Dec. 1, 2017 is $1.5 million in Canadian dollars.  If that is reached, then plans can proceed to build the owner lodge and the cabins so that they are ready for 2018-19.  With a week to go, have about $500K from Canadians in the bank, $500K from Americans/Australians, and another $700K in process on the Canadian investment website.  The OPO can raise up to $10 million.  It won't go beyond March 2018.

Lots of details in the Offering Memorandum on FrontFundr.  Look under Documents.  The 2-page letter from Howard Katkov, CEO, is a good summary.  Howard is known as "Uncle Howie" around Red.  He's a lawyer and successful businessman from California who was a surfer long before he became a good skier while in college.  He led the group that bought Red in 2004 after a few years of negotiations.  Was in charge of operations until 2015.  The current Pres. and GM has experience working for Vail and Intrawest.  The CFO has 25 years experience in the ski industry in BC, including being a Ski Patrol Director.

https://www.frontfundr.com/Company/redmountainresort

I put the key points that I found in a thread looking around soon after the U.S. investment website opened in another regional ski forum.

http://www.dcski.com/forum/91068

It just seemed to me, the steeper the investment, you should get at least a couple of lifetime passes.

marznc wrote

Peter Minde wrote

"Invest and get shred equity."  Red Mountain in BC.  I'm not a candidate, but this looks a tad expensive.  Any thoughts?

http://www.redresort.com/ownthemountain/

Bottom line is that this campaign is neither a Kickstarter for a discount on a product or service, nor an investment in the sense of hoping for getting increased value at some point in the future.  For $3500 and up, can get custom design skis or boards as something tangible.  For any amount starting at $1000, become a non-voting shareholder with access to a cozy owners-only lodge (to be built) and preferred access to a few on mountain cabins (to be built).  All Tiers get lift tickets or season passes.  If Red is ever sold, D Share investors get their money back before other investors.

First goal for Dec. 1, 2017 is $1.5 million in Canadian dollars.  If that is reached, then plans can proceed to build the owner lodge and the cabins so that they are ready for 2018-19.  With a week to go, have about $500K from Canadians in the bank, $500K from Americans/Australians, and another $700K in process on the Canadian investment website.  The OPO can raise up to $10 million.  It won't go beyond March 2018.

Lots of details in the Offering Memorandum on FrontFundr.  Look under Documents.  The 2-page letter from Howard Katkov, CEO, is a good summary.  Howard is known as "Uncle Howie" around Red.  He's a lawyer and successful businessman from California who was a surfer long before he became a good skier while in college.  He led the group that bought Red in 2004 after a few years of negotiations.  Was in charge of operations until 2015.  The current Pres. and GM has experience working for Vail and Intrawest.  The CFO has 25 years experience in the ski industry in BC, including being a Ski Patrol Director.

https://www.frontfundr.com/Company/redmountainresort

I put the key points that I found in a thread looking around soon after the U.S. investment website opened in another regional ski forum.

http://www.dcski.com/forum/91068

Peter Minde wrote

It just seemed to me, the steeper the investment, you should get at least a couple of lifetime passes.

I dunno, but in the context of what's offered during timeshare presentations, the perks seem pretty reasonable and tangible.  The amount of money people "invest" for a timeshare week or points is comparable to the highest levels, $10K and $25K.  But after the initial purchase, there are ongoing fees to the tune of $1000-2500 per year.

For $25K to support Red, get two 7-year adult season passes or a 5-year Family Pass, plus a custom design skis or snowboards for two people, and 10 lift tickets good for anyone for 5 years.  For $10K the pass perks are only good for a year but can be activated in the next 5 years.  Clearly someone who isn't planning to ski a lot at Red annually has little reason to go for the top tier.  I think most people are going for the Tiers that are $5K or less.  It's not about the perks so much as it is about showing support, and still getting something tangible like a pair of skis or some lift tickets.  Putting up $1K with the idea of going to Red once or twice after the cabins are built is fun to think about.  The cabins are going to be $100/night for owners.  Pretty fun idea to stay right on the mountain.

I see the perks as "thank you" gifts designed to encourage investors to spend some time skiing at Red in the next few years.

Wildcat had "lifetime passes."  I met a man who had one.  He grew up near Wildcat and returned to the area in his 30s.  He's retired now.  After Peak bought Wildcat, the lifetime passes were no longer valid.  Peak allowed lifetime pass holders to get an annual season pass for a very discounted rate.  Something like $250.  But they didn't have to.