Monday, 31 October 2016

Otti Prams needs more money.


Otti has misfired. They are not the first and wont be the last using equity crowdfunding to promise loads and deliver nothing.

Now they are back for more cash  - a tiny amount at a company valuation of £500k. 

At least Crowdcube have been honest about their previous raise and the lack of delivery. But you have to ask why anyone would trust the latest projections when the last ones were a joke. Competition is hot in this space and it seems obvious to us that this crew hasnt got what it would take to make this work as anyhting other than a small t/o smalltime owner business. 

Have you seen the marketing budget? No its too small.

So what are they doing on Crowdcube?? 

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