Wednesday, 23 September 2015
When did CEO start to stand for Chief Exiting Officer?
When two out of three of a company's directors head for the exit in the week before their annual accounts are due you know something is amiss. One of them is listed as the CEO.
Wild Trail raised £168k on Crowdcube in 2013 and tried to raise more in 2014 but we believe this second attempt failed. As with most ECF companies they had missed their projections by some way. They received further funding from one of the now resigned directors.
So its wait and see time but we are not hopeful for the 143 shareholders. Accounts due in 7 days. Cumulative losses to Dec 2013 were almost £0.5m.