Thursday, 28 June 2018

Some more disappointing news from Crowdcube funded companies.



Well one thing you can say for Crowdcube, is they are consistent. Here are a few more of the platform's chronic results for YE Sept17.



Eight point Nine - No website, FB two dormant for 2 years and Tw for 12 months. Losses of £144k against projected profits of £220k

Floodkit - losses of £50k against projected profits of £590k

Fourex - losses of £1.4m against projected profits of £23m. But have raised another £3m so maybe there is a plan. 

Good Egg Restaurants - losses of £70k against projected profits of £209k. Supposedly doing well. 

Property Moose - no idea from minimal accounts but Trust Pilot 2 star rating suggests curtains.

So when the next fantasist on Crowdcube explains why his company is worth £8m now, by extrapolating the projected EBITDA two years hence, blow him or her a large raspberry. 

1 comment:

  1. don't know why you are just focussed on CC, seedrs is a walking time bomb too.

    ReplyDelete