Idleman raised £720k on Crowdcube in 2015 and then another round for £1.2m on Syndicate Room in 2016. They have just filed for YE July 2017 and its not great news for investors. The company is reporting losses of £2.1m against projections of a £500k loss. Its puts them almost £1m into the red.
We have covered this crew before. They have alsways disappointed. Much hype, zero delivery.
At the end of 2017 they did raise around £1m which will just have covered their deficit. What happens now is anyone's guess. We have a few ideas.