You begin to wonder how all of this is going to end. Chupamobile took £740k off 147 Crowdcube investors in 2014. By 2016 it was projecting £1.3m net profits. Nice.
We had this one banged to rights - our current Buzz Rating on Chupamobile was 15/100 down from 20. Anything under 20 is a goner without Jesus.
We wait to see what collateral damage there is and what state the business has wound up in. I doubt it will be pretty. Tax relief is available as usual. So now Crowdcube have helped waste over £50m since they started in 2011. Knighthoods all round boys. Blasting.
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