tag:blogger.com,1999:blog-8552311631038672977.post1132572624729729659..comments2023-10-19T03:35:22.831-07:00Comments on The Real Facts about Equity Crowdfunding: Has Autotrip lost its way with the latest accountsRob Murray Brownhttp://www.blogger.com/profile/10298710231782204493noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-8552311631038672977.post-82077949645936369142018-01-16T03:22:39.801-08:002018-01-16T03:22:39.801-08:00James Finlayson was not always a large shareholder...James Finlayson was not always a large shareholder - check the filings. He is not on the list at all? Rob Murray Brownhttps://www.blogger.com/profile/10298710231782204493noreply@blogger.comtag:blogger.com,1999:blog-8552311631038672977.post-63278851356034177722018-01-16T03:01:58.361-08:002018-01-16T03:01:58.361-08:00Let us get some facts straight -
1. Original cre...Let us get some facts straight - <br /><br />1. Original crew - Byrne and Nicholson have left and two newer dircetors have also resigned.<br /><br />2. James Finlayson signed off the accounts in question! <br /><br /> Rob Murray Brownhttps://www.blogger.com/profile/10298710231782204493noreply@blogger.comtag:blogger.com,1999:blog-8552311631038672977.post-79681004245053588932018-01-15T11:47:14.472-08:002018-01-15T11:47:14.472-08:00Ha ha - you are funny, Rob! Nope - I'm definit...Ha ha - you are funny, Rob! Nope - I'm definitely not James, although I have met him. I don't even represent AutoTrip, so not sure what I'm lying about. He seems like an excellent guy. Not sure how racism will help you. He has not bought the company, although he always was a large shareholder.<br /><br />The original crew have not resigned - just Alex and a junior BD guy as far as I know. Now that James is in place, I would expect the "basics" to be sorted out quickly.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8552311631038672977.post-73124643322581628852018-01-12T03:03:55.401-08:002018-01-12T03:03:55.401-08:00Ah.... now we get it. This post by Anon is most pr...Ah.... now we get it. This post by Anon is most probably the work of James Ian Finlayson, an Ozzy entrepreneur who seems to have bought Autotrip. All the original crew have resigned. Being from OZ that might explain why the accounts are upside down.Rob Murray Brownhttps://www.blogger.com/profile/10298710231782204493noreply@blogger.comtag:blogger.com,1999:blog-8552311631038672977.post-2639928222611353042018-01-12T02:42:21.879-08:002018-01-12T02:42:21.879-08:00Sorry those accounts are for 16 and 17 not 15 and ...Sorry those accounts are for 16 and 17 not 15 and 16.Rob Murray Brownhttps://www.blogger.com/profile/10298710231782204493noreply@blogger.comtag:blogger.com,1999:blog-8552311631038672977.post-76993305149283682562018-01-12T02:39:52.247-08:002018-01-12T02:39:52.247-08:00Taken from your Crowdcube pitch 'The Company h...Taken from your Crowdcube pitch 'The Company has a fully functional product that is currently used by 7 organizations' so you were lying?<br /><br />Accounts field at CH show a change in the P&L account from £-111k in 2015 to £ 144,644 ie a positive movement of over £250k. Where else does this come from? <br /><br />If your new MD signed this off then you need yet another as he has clearly entered false accounts - the sums are muddles up with the Called Up Share Capital account - as our article states.<br /><br />Most ECF companies never get to 10yrs - as a statement of fact none have so far. Your Crowdcube pitch never mentioned 10 years so you were lying again? Too ridiculous to bother with. Learn some basic business skills then try again.<br /><br />Of course you may turn this around but it would help give confidence to this ambition if you could get the basics right. Rob Murray Brownhttps://www.blogger.com/profile/10298710231782204493noreply@blogger.comtag:blogger.com,1999:blog-8552311631038672977.post-355600310438356262018-01-12T02:00:34.675-08:002018-01-12T02:00:34.675-08:00Hi Rob!
This is a firm in turnaround, who have n...Hi Rob! <br /><br />This is a firm in turnaround, who have never claimed a profit, let alone £250k. Not sure where you got that figure from. <br /><br />Alex was tested by the incubator and found wanting (which was always obvious to me), but the company is sound, has a great interim MD, and is now making progress. As with all ECF, anyone who judges before ten years is a novice, but sometimes novices are right, and sometimes experience is right. I know it's not great for blogging, but see you in 2028!Anonymousnoreply@blogger.com