1993 days ago
Our friends at Stockomendation have launched a Crowd Funding Campaign to help grow their business in the UK and into new markets. I like Stockomendation and think the management team, though boorishly Welsh, are strong, committed and have a business model that is interesting. Compared to some of the crap that is Crowdfunded this is bluechip and it has already raised most of its £350,000 target.
3038 days ago
Today's Daily Mail carries a horror story about the demise of Crumpet Cashmere, an upmarket clothing venture patronised by Pippa Middleton (pictured) and other well known bimbos which has just gone bust. My point is not to make cheap jibes at the ghastly Pippa but to flag up how this shows the horrors of crowdfunding and how the FCA is failing in its duties to protect mug punters in a horrifying manner.
3131 days ago
We have already flagged that AIM-Cesspit POS Golden Saint Resources (GSR) was out of cash HERE. Today we find that despite pre-placing ramps (see HERE and HERE) it appears that it is out of friends too. This morning, it appears that the company could not even get a keep-the-lights-on placing away, and has had to turn to a death spiral. Except that it could not even go to any of the usual players there either, turning instead to crowd-funding. And to cap it all, this funding round has not yet been completed – today’s RNS simply announces of its launch. This is a slam-dunk sell.
