Tuesday, 20 October 2015
Why Seadog take two is a bad idea
Monty Hall's Seadog Productions tried to raise ECF in the summer - it was not a great success. Now he's back.
We have one question for Monty - why if this is such a good investment opportunity have you and your fellow founders not put a single penny into the company? If you dont want to lose your money why would we?
And why is he charging Seadog for use of his services at £40k pa and use of his other company's (Monty Halls Ltd) equipment? Monty Halls Ltd according to Monty owns a Dive Boat, two filming drones and two HP vehicles but the fixed assets of the company were only £25k in Feb 2015 with little cash and even less profits.
Its a nice little earner for the team - if productions materialise - but its not an investment opportunity for outsiders. Go on Kickstarter and raise £50k, put 50k in yourself and raise another £50k from F&F.
One investor has put in £60k - so this must either be Monty's dad or a raving lunatic.