Wednesday, 1 June 2016
MEEM in a MESS
Well it turns out that MEEM SL HAD to close and then re open as MEEM Memory because the major shareholder who invested £250k via Crowdcube was being such a pest.
This might explain why one of the Directors took out a charge over the IP of the original MEEM just months before they chose to close?
Is that in anyway legal?
MEEM SL (the now defunct MEEM) which was happy to take Mr Goel's £250k when they needed it to complete their pitch, is now offering all Crowdcube shareholders the same size of holding in the new MEEM Memory, which seemingly now owns the IP. They are also offering a very generous 30% bonus.
Do you suppose this is coming from Mr Goel's holding?
All fairly incredible.