Another Crowdcube farce comes to a bitter end

We mentioned Monii in our last post. Now we have confirmation from the Insolvency Practitioners - it has gone bust. It took £180k off Crowdcube investors just 10 months ago.

Shareholders received these glad tidings from the Liquidators - nothing from Oliver Greave, the highly successful tech entrepreneur who promoted himself on Crowdcube. We tried to contact the company but their given address doesnt know them and the phone number is fake. 

Where will it all end?

Seriously folks - more of the same from Crowdcube

So much to report that we have bundled all of this into one post -

Minor Figures - accounts just out - more losses although Crowdcube projections showed profits for the last 2 years. Little traction and even less cash.

Farmdrop - accounts just filed with a handsome £1.96m loss for the 12 months against a breakeven forecast. Profits for 2016/17 of over £4m look unlikely, despite the new and much needed injection of capital. Dilution a gogo.

Ethos Global and Zero Carbon Foods, Little Brew, Jam Vehicles, accounts depts on long term sabbatical.

Rough Runner - due net profits of over £400k and filed actual losses of more than £200k. Using Micro accounts but supposed to have turnover of almost £1.5m

Monii - funded less than 12 months ago and reported liquidation but no confirmation. No presence on the web.

All looking good.