We have no idea what to make of Wisealpha - the Crowdcube success that raised £579k from 376 investors.
Its platform is FCA regulated. It reports full accounts as if it was some multinational - but turnover has gone from zero to just £9k for YE June 17. It makes enormous losses - to generate sales of £9k it spent just short of £500k.
Ok so maybe its one of those internet companies which collects followers to enhance value. Who needs revenues and profit if you have 250k followers on Twitter? Well no, it is not one of those - its following on Twitter is 900.
It was technically insolvent in June 17 but has raised £900k since.
What is it?