Friday, 18 May 2018
Is someone lying here? Sugru Debt Facility - was it secure or just an option??
We are on a very sticky wicket here. Sugru's 2017 Crowdcube raise told investors that a debt facility was in place. No ifs and no buts - it was secured.
If that is the same facility that after the Crowdcube £.15m raise, fell through and which led to this situation, then the facts used in the Crowdcube pitch were very misleading - if not negligent. Does the FCA have the powers to check this. Are you kidding.
Come on Sugru and Crowdcube lets be having some real facts here - no more crocodile tears and no more PRing, please. Investors have lost £5.5m; the least you owe them is honesty.