Powervault lose £1.95m. Crowdcube cruise on. Sunset waiting?

Powervault is a Crowdcube favourite. We think it has raised 4 times now and for YE September 18 it raised another £650k off the platform. 

Of course this is not the picture investors were sold. 

Losses for YE Sept 18 were £1.95m. Looks like more money will be required shortly.

And what is the £500k CA marked Corporation Tax Recoverable? R&D? No real increase in intangibles and no real intangibles in FA. For it to be recoverable corp tax it would have to be against a very substantial profit for 2019. Since when did current assets include projected profits?

Why the very early filing of their accounts?

A new deal with EDF Energy will surely turn things around? Investors will have to hope so.