What’s at stake: VC fund Punakaiki is seeking to have intangible assets specialist EverEdge Global tipped into liquidation over an unpaid payment for shares.
Background: The 2020 share deal was between the fund and Singapore national Jack Lam but it turned out he was holding the shares on bare trust for four of the company's employees and former directors – Paul Adams, Tyler Capson, Michael Masterson, and the late Paul Davies.
Key players: EverEdge Global, Punakaiki Fund, Paul Adams, Meyzer360 Holdings, Max Goh.
Investing in intangible assets specialist EverEdge Global in 2015 was a mistake, says Punakaiki Fund manager Lance Wiggs. A mistake the venture capital fund doubled down on by increasing its shares from 600,000 to 3.94 million in 2018.
That was in a secondary transaction that no doubt had investor
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Key points
What’s at stake: VC fund Punakaiki is seeking to have intangible assets specialist EverEdge Global tipped into liquidation over an unpaid payment for shares.
Background: The 2020 share deal was between the fund and Singapore national Jack Lam but it turned out he was holding the shares on bare trust for four of the company's employees and former directors – Paul Adams, Tyler Capson, Michael Masterson, and the late Paul Davies.
Key players: EverEdge Global, Punakaiki Fund, Paul Adams, Meyzer360 Holdings, Max Goh.
