Brewdog - The UK's fastest growing food and drink company, is now offering investors a chance to double their money by playing roulette. Is this a Dead Dog bounce we ask?Brewdog have been trying to raise money for months in the USA to support their new brewery in Ohio. We have written about this several times here - the campaign has been nothing short of a disaster.
According to Business Insider, Brewdog have only raised $3m of the $50m target. http://www.crowdfundinsider.com/2016/11/93153-red-black-brewdog-equityforpunks-usa-offers-investors-chance-double-stake-lose-roulette-table/
So now they have introduced this ridiculous gimmick. If you have invested in Brewdog you get one chance to gamble using roulette's red or black to double your money and if that fails you lose your shares. What? The way this will work is that its supposed to entice possible investors to take the plunge - its only for US Brewdog enthusiasts. This isnt the stated aim of course! But then they are desperate.
That James guy needs to see a shrink. Where are the SEC? How is this not rigged?
Look, the people of the USA voted for The Donald, so theoretically anything is possible. Sensible it aint.
After the slightly farcical Brewdog share sale held recently on Asset Match, where the price of the shares was well below the last Crowdcube raise until the last few minutes when one large purchase was made, this is surely confirmation that the founders have lost touch with reality.
Crowdfund Insider have Watt, the co founder, saying that they are fucking Wall St and putting the small investor in charge. Has he ever played roulette?
It's a gimmick of the worst kind. Desperate and ever so slightly embarrassing. We dont expect the Dog to get up this time.