Tuesday, 9 August 2016

Cell Guidance Systems return small loss


Cell Guidance Systems raised finance on Crowdcube at the end of 2013 and then more on Syndicate Room in 2015.


Its too early to know the outcome of the investments but its fair to say that the company is closer to its SR projections than those on Crowdcube.

Crowdcube showed the company making over £400k profit in 2015, whereas the actual figure was a £19k loss. Similarly the historic figures quoted by Crowdcube for 2013 showed the company had made a £188k profit when in fact they made losses of just under £100k.  The SR figures, whilst not entirely accurate, are at least on the same planet.

Just more evidence that only a complete idiot would believe anything published on Crowdcube.

(Our thanks to SR for correcting this post where we initially had the second raise down to the Seedrs platform)  

2 comments:

  1. Goncalo de Vasconcelos, CEO of SyndicateRoom9 August 2016 at 09:46

    Hi Rob,
    They raised via SyndicateRoom, not Seedrs.

    ReplyDelete
    Replies
    1. Compared to most of the "investments" on CC these guys are rockstars...

      Delete