Comments

Note that both NextSeed and issuers are notified of all comments immediately, but there may be a slight delay in response to questions submitted outside of standard business hours (9am to 5pm CST, Monday through Friday).

Most questions will be answered by issuers in approximately two business days, although some questions require more thorough analyses and will take additional time.

See ourcommunity guidelines on posting.

If you have any technical questions or questions about NextSeed, please email support@nextseed.com.

In order to leave comments, please sign up and verify your identity.

Sign Up
Nick
Can you define private wine locker room for investment of 25k and is it at any Peli Peli Restaurant?
Peli Peli
ISSUER
$25k investors will be provided a locker at Peli Peli location of their choice to hold their wine. We will be making new lockers for this purpose for investors.
Nick
Thank you.
Shaun
Once the offering closes, how soon will individuals receive the Peli Peli Black Card that invested $5k or more? Thanks
Peli Peli
ISSUER
Hi Shuan! We will send out the bonus rewards within 30 days of closing.
Chris
This looks like a great offering. I have two questions for clarification on the disclosures: What is the priority of this loan repayment relative to the other $1.5M in long-term debt should the company default? Can you comment any further on the pote ...
Read More
Peli Peli
ISSUER
Thanks Chris. If there were a default relating to the $1.5m bank loan (which is secured), the bank would have the right to liquidate its collateral. This offering is an unsecured debt offering, and unsecured creditors don’t have a claim against coll ...
Read More
Sonia
Hopefully, my last question. On the Annual Return - it states: The return is calculated before fees are deducted from the investment What are the additional fees? I would like to know net return. Thank you.
NextSeed
Hi Sonia. NextSeed receives a 1% service fee on each payment that is made back to investors.
Nick
Does 1% fee to NextSeed get deducted from the investor's monthly payment?
NextSeed
Yes, 1% fee is deducted from monthly payment paid to investors.
Sonia
How long will the Bonus Rewards be available? Is there a cut off dat for investors to get the Bonus? Is this similar to Kickstarter in that if the $250K min is not reached Peli does not get any of the funding? Investors are reimbursed? Thank you.
Peli Peli
ISSUER
Hi Sonia. There are no hard cut-off dates for redemption, but we do hope that you'll visit and enjoy your bonus rewards soon! If we do not reach our funding goal, all funds will be returned to investors.
Evan
What is the tax we are expected/projected to pay on our return?
NextSeed
We are unable to provide tax advice as each investor may have different circumstances and we are not tax advisors. NextSeed will provide a consolidated Form 1099 covering all NextSeed investments made by an investor at the end of each year. General ...
Read More
NextSeed
$1,000 to $1,385.04 using a time value of money calculator which results in the same amortization schedule as referenced by your loan calculator link below and which is more appropriate, is 8.1709%.
NextSeed
Hi Jim. The calculator you used to derive an interest rate of 8.17% assumes that you will receive a single lump sum payment of $1385.04 at the end of four years [formula: ((1385.04/1000)^(1/48)-1)*12 = 8.1709%]. This formula only discounts the paymen ...
Read More
Sonia
The payment calendar doesn't calculate correctly. Base upon the model given it is approx 9.65% not 17% per annual return. Is this because Nextseed gets 7.35% and the loan investors receive the differential?
NextSeed
Please note that the term loans offered on NextSeed are amortized on a monthly basis, so investors will receive fixed monthly payments of interest and principal over the entire term (48 months in this case). This is similar to the structure of a sta ...
Read More
Michael Arndt
Will the black card be valid at all locations or just the Galleria. I typically go the vintage location, so I'd like to confirm that I could use the card there.
Peli Peli
ISSUER
Thanks for supporting us at Vintage! Yes, the Black Card will be valid at all of our current locations as well as new locations going forward.
Scott
The disclosure refers to Peli Peli #2 LP. Is the #2 significant? In other words there are two restaurants -- is the financial disclosure and sources of cash to pay the loan only from restaurant 2 (Galleria?) or are both locations represented in the ...
Read More
Peli Peli
ISSUER
Thank you for your question. Yes, as noted in the disclosure statement, the financials are for our Peli Peli Galleria location only, which is the issuer in this offering.
Dustin
How long is the wait time to receive the Bonus Rewards after I made the investment?
Peli Peli
ISSUER
Thanks for asking! We will reach out to all investors within 30 days of the successful closing of the offering to schedule the delivery of rewards. Some rewards will require physical distribution, while others may require additional coordination tha ...
Read More
Steve
I did not see a copy of the TLA in the Disclosure Statement. Did I miss it? If not, please provide a copy of the documents we will be asked to sign.
NextSeed
The summary of key terms of the TLA is provided in the disclosure statement, however, the full TLA is available for your review during the investment process (which can be initiated after setting up and depositing funds into your NextSeed investment ...
Read More
Dustin
Please clarify in your offering, "an invitation for 4 to the launch event for their next new location", do you prefer to this Galleria location or future location down the road?
Peli Peli
ISSUER
Peli Peli is actively considering new location openings in other parts of Houston in the near future, and this invitation will be for the opening of our next restaurant. We are very excited about our growth plans and would love to have our investors ...
Read More
Tyler
I don't see anything about an IRD penalty. Can you provide input on the strategy to pay off your principal (i.e. is Peli Peli expecting to pay out prior to the maturity date, or full 48 month term?)
Peli Peli
ISSUER
This offering is for a term loan with fixed monthly payments over 48 months, and there is no prepayment penalty. We may elect to prepay the loan during the term, but we do not have a set strategy at this time on whether we will make prepayments.
Cristian
Good evening, I have a couple of questions: 1. If successful at acquiring the minimum investment threshold and after the funds are released from Escrow by nextseed; how soon will investors see their first payment? 2. Does the Peli Peli black card ( ...
Read More
Peli Peli
ISSUER
Good morning! 1. Payments will begin following the first full month after the campaign is successfully funded. 2. The Peli Peli Black Card will not have an expiration date and will not be restricted to any specific location. The card owner must be ...
Read More
Dilip
With low oil prices, how do your Jan and Feb 2016 numbers compare to 2015? What interest rate are you paying on the bank note and when does it mature?
Peli Peli
ISSUER
Our net sales in 4Q 2015 were strong and this momentum has continued into Jan and Feb 2016 where net sales have tracked our budget. We are not at liberty to disclose our bank loan terms due to confidentiality obligation to our lenders, but our terms ...
Read More
Lance
What are the management fees of $800k + last year that put the company in the red on the income statement?
Peli Peli
ISSUER
As a corporate matter, the Peli Peli management company (owned and operated by the Partners) services the respective Peli Peli businesses and incurs overhead for corporate operations. The 2015 fees were paid to the management company for the startup ...
Read More
Dustin
Hello. You said that the management fees were a one-time startup expenses incurred in 2015, then what is another management fees FY16 of $381K for? Is this a one-time expenses that you said or continuously over years?
Peli Peli
ISSUER
Most of the 2015 management fees were one-time costs associated with the opening of Peli Peli Galleria. Going forward, we are continuing to develop and improve our centralized management and operational infrastructure at the management company level ...
Read More