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Thursday 14 September 2017

Since we asked where Big Sofa had gone, we have dredged up some unpleasant information


Big Sofa raised money on Crowdcube  - we dont know how much as some of it was withdrawn. But a good slug anyway. 

Big Sofa is now on AIM but most CC investors missed out (we believe all B shareholders missed the boat) and the company forced them to sell up before the IPO, at a price that meant they lost money - according to Crowdcube. We have written about them before here

During all of this, BS was involved in a RTO along with a company called New World Oil and Gas  - its all complicated but is explained in a fashion here along with the possible money laundering and other shenanigans that may have been part of all of this. Even if only some of it's true, you have to wonder why Crowdcube's broom cupboard didnt pick up a whiff?

New World Oil and Gas was suspended on AIM whilst all of this was investigated and remains so today. The RTO was put on hold and meanwhile BS IPO'd. Those who know things about Crowdcube will be interested to see that Hargreaves Lansdown are listed as a significant shareholder in New Oil and Gas.

All in all it paints quite a fishy picture. 




4 comments:

  1. Broadly reflects my comment on your previous story which never appeared.

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    1. Occasionally comments get waylaid. Please resubmit of you would like this one published as I dont remember seeing it.

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  2. I think HL are listed as a big holder of NWOG because they are the nominee shareholder fro all the people they hold shares for.

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    1. That was my assumption. It's probably their client nominee company not HL themselves.

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