Notes are back on Crowdcube, as expected. They have run out of your money. They dont tell investors what they told them last time, as that would be a real downer on their pitch. We told you back in March of this year but you dont seem to have listened. The pitch is funded.
When you have read through all the guff that Notes produce about how fantastically they have done since 2008, sit back and read this. And this - http://fantasyequitycrowdfunding.blogspot.co.uk/search?q=+notes
In 2015 they told everyone that they would have revenues of over £13m for YE June 18. They now say that its truly great that they have reached almost £5m. In 2015, they said they would have EBITDA of £1.87m by now. Now they are very happy with £200k. A net profit was projected whereas we are looking at large losses.
At some stage surely someone is going to do somehtig about the word 'misleading' when it comes to the FCA's use of it in regulating ECF platforms. How is the above not totally misleading? None of the information from the 2015 pitch is inlcuded in this one - only up notes on how brialliant the whole thing has been.
Ok, so we all know it takes longer and its never possible to rely on projections - so why have them if they are so totally misleading? Well Crowdcube need them to show the 'big numbers' out there - the big numbers get the juices flowing. Crowdcube couldnt exist without them. And lest we foget, this is ALL about Crowdcube.
