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Monday 23 July 2018

Gamesgrabr AKA Teepeegames reports more losses and reduced value to almost zero



Teepeegames said they were about the sell the company and that progress was good back in February 18. Well accounts show a loss of over £100k and a value of around £3k left in the thing. They were due to make £2.57m of lovely profit this last year. 


This was the last comms received by shareholders -

At this stage we have reached the decision to look for a buyer for TeePee games to take the platforms forward.
We want to make all our investors a return on their investment but at this present moment we do not have a deadline in place for the sale, so we are unable to provide investors with further information on valuation at this time. However, please be assured investors will be kept up to date on the development of the sale of TeePee Games.


Radio silence has descended. It's odd that all the value in their various platforms is not reflected in any way in their accounts. Maybe the deal is so enormous that they have to keep it under wraps.

Another Crowdcube hit. They just keep coming for you lucky guys.

1 comment:

  1. Great article. I'm going through a few of these issues as well..

    ReplyDelete