Crowdcube have had pledges amounting to £39m for their own raise, without any plans or financials being published.
We have to say well done - whatever it is you are selling, there are a lot people who still want to buy into it.
Despite the now numerous examples of the platforms legendary lack of DD and its cavalier attitude to ROI, people are literally piling in; knocking each other over in the mad scramble to hand over their cash.
For a company that last filed accounts showing a £4m loss on a £2m turnover, operating in a sector that is now in limbo with regards to Brexit, with no substantial ROI's of note to date, this is truly awesome. For the company to get to just BE they have to increase their last year turnover several fold and on this market we cant see that happening. In fact we cant it happening full stop. One consistent item is that they, like all of their successful pitches, are nowhere near to the projections they published in their last cash dump.
We really must be missing the point. Time To Surrender.