Luxtripper is a Crowdcube double success - it has taken £750k in two piles. Now it has burnt both loads and filed losses of £500k for YE March 17. New investment is promised and a Government grant of £150k has come to rescue.
We have written then before here - the last time they faked a solicitor's letter that they sent us. In May the founder, Nena Chaletzos, was taken to the US as one of the UKs 15 leading female start ups according to City AM.
For their YE Dec17, this company projected profits of £4.5m. Accumulated losses are now over £1m whereas projections show them at a profit of £300k plus.
How any of this makes sense is anyone's guess. Clearly investors and the Government know things we dont.
I did ask them why they didn't have the .com domain during the 2016 campaign as that was my main concern and they still haven't kicked off the squatter as they assured me they would... I invested, but fortunately only a token amount. What's your take on easyProperty Rob?
ReplyDeleteKeep up the good work on the blog!
Andrew
Thanks Andrew - Easy P company statement said that progress had been slower than expected. They are true optimists.
ReplyDeleteAren't they all it seems :)
ReplyDelete