NDB_hold wrote:But once built shares can be sold?
Presumably yes, which is perfectly normal - it's an asset like any other.
So you then have this weird situation with no real justification, which is that you're not allowed to take funds to support your build unless those contributing co-build with you, but the second you've funded and built on your own you can sell shares to recoup some of your costs.
Easy to look at this and think it's just another regulatory niggle, but actually this impacts quite a few people like me as it restricts the flow of new aircraft onto the market.
I'm sat here with cash wanting to get a share of an aircraft, but struggling to find anything, but I know of several RV builders living around the block from me who I'd happily give some money in return for a share....except they are incentivised (or legally required!) to fund and build on their own, by which point they'll ask why they should share with others!
What would be great is the ability of a builder to recruit the syndicate early on and use the contributions to part-fund the build, less their own contribution. But then, I guess you're effectively building to order and that might expose you to some sort of manufacturing liability....ah!