It seems unlikely that Crowdcube are ever going to break the cycle of funding companies that a few years afterwards go bust. Until, that is, they change the way they select them.
Inspiral VP was neither visionary or inspiring. We wrote about them before here when their sister company, Ekopia, also went bust leaving SHs penniless and debts of almost £500k. As the CEO pointed out in a comment we have produced in the link, no shareholders in Ekopia lost out as they were given shares in IVP. Well even if that were true, it now seems Dominik Schnell was a total fantasist at best.
He will certainly have earned his listing in our black book when we publish it.
The Crowdcube website as ever makes no mention of this company demise on the IVP page. Odd, how they are SO keen to trumpet what little good news there is and ignore, delete and hide away all the volume of very bad news. How misleading is that - you guys at the FCA? Oh sorry forgot - you are involved in all of this as well.
The Crowdcube website as ever makes no mention of this company demise on the IVP page. Odd, how they are SO keen to trumpet what little good news there is and ignore, delete and hide away all the volume of very bad news. How misleading is that - you guys at the FCA? Oh sorry forgot - you are involved in all of this as well.
IVP never produced anything other than mounting losses. Promised listings never appeared and sales forecasts were a total joke. Shocking waste of government funds.
Ah....................... now that does sound just like a Crowdcube success.
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