Tuesday, 19 June 2018

Videogram Worldwide is latest Crowdcube failure

Videogram Worldwide took £55,000 of Crowdcube investors in 2014. Later that year it took another £50k of investors on a platform called Crowd for Angels. Now it has filed for dissolution. 

Oddly the Crowdcube round has been taken down but its still mentioned on the C for A site. 

Accounts for YE August 17 show zero cash but a small profit, although we suspect this is mistake as the share cap account has reduced by a similar amount. They have refiled accounts before. We wrote about their joke accounts and their ridiculous pitch here many years ago. 

Really no idea what happened here. The only fact seems to be that this was never a business worth investing my socks in, let alone £1. 

Yet another Crowdcube moment. Happy losses. 

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