Briggs Aerospace Technologies
 

Refunds

How to get a refund.

To obtain a refund on a bond purchase, simply apply through the contact section of this website.

Briggs permits the exit from the Aceson program, though unfortunately a penalty system must be applied to stop certain investors exploiting the system and potentially harming the entire effort. Please check for updates to these terms and conditions.

Aceson Bonds early exit policy permits Bond buyers to get their Aceson Corporate Bond purchase capital back minus a cancellation fee and without interest if they so choose. Neither Briggs nor Aceson is responsible for losses experienced due to currency market fluctuations.

A bond-buyer wanting a refund needs to simply apply for early exit via Briggs. Oceaneleen must be protected as well as possible, and thereby rules of the system only would affect people unlikely to invest into the pool of the $14 billion available.

Please check the refund section of the Aceson Prospectus for full details.

Refund policy

Australian refund policy*

  • Full refund minus 4.5% cancellation fee per bond
  • Bond seller must wait until bond is purchased by another buyer prior to refund.
  • If commissions did not apply to the bond purchase refund fee is 1.5% per bond
  • If more than one bond is to be cashed in early, buyer must wait at a ratio of 3 bonds bought to their 1 refunded, with the above penalty

Bonds are repaid sequentially in the ratio above (3 to 1). More than one refund request will result in the second, third and any other consecutive refund requesters, having to wait until the first refund request is fulfilled. An exception may be made in cases when/where the bond buyer wanting a refund is an individual in urgent need of refund, facing financial hardship, and the first bond buyer is waiting for a number of bonds to be resold.

Briggs is not responsible for any hardship (financial or otherwise) by the bond buyer or other party endured until the bond is repaid

Briggs cannot control the time it takes for bonds to resell

Bond buyers exiting early get no interest

 

Foreign refund policy: currency profit*

The bond will be repaid with these contingencies generally only once it is resold to another buyer:
  • Refund minus any currency profit (only full term investors keep exchange rate profits)
  • Bond buyers exiting early get no interest
  • The bond will be refunded when it is sold to another buyer
  • 4.5% cancellation fees apply
  •  If commissions did not apply to the purchase refund fee is 1.5% per bond
  • If more than one bond is to be cashed in early, buyer must wait at a ratio of 3 bonds bought to their 1 refunded.

Bonds are repaid sequentially in the ratio above (3 to 1). More than one refund request will result in the second, third and any other consecutive refund requesters, having to wait until the first refund request is fulfilled. An exception may be made in cases when/where the bond buyer wanting a refund is an individual in urgent need of refund, facing financial hardship, and the first bond buyer is waiting for a number of bonds to be resold.

Briggs cannot control the time it takes for bonds to resell

Briggs is not responsible for any hardship (financial or otherwise) by the bond buyer or other party endured until the bond is repaid

Foreign refund policy: currency loss*

Should the currency rate be less the bond will be refunded in full once resold to another buyer

  • Bond buyers exiting early get no interest
  • Currency losses will not be compensated
  • 4.5% cancellation fees per bond apply
  • If commissions did not apply to the purchase refund fee is 1.5% per bond
  • If more than one bond is to be cashed in early, buyer must wait at a ratio of 3 bonds bought to their 1 refunded, with the above penalty

Bonds are repaid sequentially in the ratio above (3 to 1). More than one refund request will result in the second, third and any other consecutive refund requesters, having to wait until the first refund request is fulfilled. An exception may be made in cases when/where the bond buyer wanting a refund is an individual in urgent need of refund, facing financial hardship, and the first bond buyer is waiting for a number of bonds to be resold.

  • Briggs cannot control the time it takes for bonds to resell
  • Briggs is not responsible for any hardship (financial or otherwise) by the bond buyer or other party endured until the bond is repaid

Foreign refund policy: equal, plus or minus 3 cents on the Australian dollar*

  • Refund minus 4.5% per bond once the bond is sold to another buyer
  • Bond buyers exiting early get no interest
  • Any currency profit kept
  • Any currency loss will not be compensated for
  • If commissions did not apply to the purchase refund fee is 1.5% per bond
  • If more than one bond is to be cashed in early, buyer must wait at a ratio of 3 bonds bought to their 1 refunded, with the above penalty

Bonds are repaid sequentially in the ratio above (3 to 1). More than one refund request will result in the second, third and any other consecutive refund requesters, having to wait until the first refund request is fulfilled. An exception may be made in cases when/where the bond buyer wanting a refund is an individual in urgent need of refund, facing financial hardship, and the first bond buyer is waiting for a number of bonds to be resold.

  • Briggs cannot control the time it takes for bonds to resell
  • Briggs is not responsible for any hardship (financial or otherwise) by the bond buyer or other party endured until the bond is repaid

Briggs decisions are final and contractual for the protection of the program and bond buyers worldwide: these findings are an obligation of an Aceson Corporate Bond purchase. Bond buyers found to be involved in illegal conduct will be reported to the Federal police.  

 


 
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