Glint Pay successfully ran an equity crowdfunding Crowdcube campaign late this summer, raising over £2.2m. Now the campaign is no longer on Crowdcube and we understand that the money never went to the company? So what happened?
On this topic - a reader has pointed put that Nebeus raised over £1m on Crowdcube in September but then pulled the campaign. Anyone know why?? Crowdcube pitch has been removed as usual. What was is it Luke was saying about Crowdcube being open and honest? Oh that's right - nothing honest. Nebeus have now told us that they pulled the campaign (once completed) as they have 'decided to continue our plans independent' (not my typo). It says a lot for a company that it can arrange and then run a £1m plus ECF campaign and then cancel it after completion because it has changed its mind. Avoid would be the best advice. What the ...........are Crowdcube playing at?????
Glint Pay still have this on their website - https://glintpay.com/crowdfunding/ telling everyone what a great success the raise was. Follow the link to Crowdcube and you get a blank.
It wouldnt be the first time that a successful campaign ends up being ditched once the paperwork starts but it would be interesting to know if there is anything odd going on here. So if you are one of 1600 individual investors who thought they had bought shares in Glint Pay please do get in touch - we'd love to hear the story.
And again this is why we need the independent forum that ECF Buzz will offer all investors - see here and please join us - https://www.indiegogo.com/projects/ecf-buzz-the-crowd-investors-information-centre/x/19804529/
