The saga that was Giftgaming enters its final stages - Seedrs investors should be unhappy.

Useful things brooms. Giftgaming has chosen a VML for its demise, or as the Liquidators have described it, a 'solvent liquidation'. Hmmm......

We have written far too often about Giftgaming. Nick Hatter the CEO has been at the centre of  this collapse. 

Now he has signed a declaration of solvency which shows no regard to Seedrs investors whatsoever. 'Creditors' under our current system does not include shareholders. Given that they are clearly creditors with the rise of equity CF, much the same as banks with O/S loans are, the law needs changing.

Seedrs have admitted to their customers, the investors, that there is no hope of them getting any money back. They claim to have made efforts to get some action from the Insolvency Service but the Service said NO. So now they say they just want this closed asap. 

Meanwhile out on the street, Seedrs investors are left High and Dry. OK, so its not a large sum but Seedrs promoted this company twice to its clients. How hard they tried to resolve this for their investors is an open to question - they certainly do not want to prolong what has been an awkward mess.

But that is where the broom comes in.