After 89 days the Golden Saint Resources (GSR) crowd funded debt death spiral organised by Crowdforangfels and its imbecilic compliance officer Gollum Gill was pulled last night. It had raised just £3,350 - just a little way below the minumum of £50,000 and the £250,000 target. This morning Golden has fessed up to the flop.
This humiliating exercise will have cost it £2500 + VAT - £3,000 and proceeds are nil. The FCA should be looking at slamming Crowdfor Angels and Gollum on two points: