Secondary Markets are all the rage. Following our last post on Secondary Markets, we understand that a current Crowdcube pitch , Derby Brewing, has come to an agreement with Asset Match for the sale of its shares.
This may seem a little premature.
Derby Brewing is currently a long way from completing on Crowdcube, with just 7 days left. It has already played the discount card by lowering its valuation. The company has no share capital to speak of at the moment, with most of the money in the company there by way of directors loans and mortgages. Its a typical successful, family run business.
So one assumes this deal with AM, is on the basis that CC shareholders will have a way of realising their investment. No timeline is offered but realistically it has to be 2 years plus. So why announce it now?
The deal isnt on the Crowdcube site, again one assumes Crowdcube would wish the brewery to deal with its own secondary market rather than AM. Unless of course they havent really got one - which we all know to be the case.
In a world a little like a washing machine stuck in the spin cycle, AM are also equity crowdfunders, having used Crowdcube back in in 2013 to raise over £250k. Let's hope they are colourfast.
In a world a little like a washing machine stuck in the spin cycle, AM are also equity crowdfunders, having used Crowdcube back in in 2013 to raise over £250k. Let's hope they are colourfast.
It's all a little perculiar. But then so are buses all turning up at the same time.
