Monday, 7 September 2015

All is not always what it seems

People put opaque glass into buildings to hide what is happening behind it.

Escape the City raised £600k on Crowdcube in the summer of 2012. Their latest accounts to YE12/14 show a loss of £100k for the year. What is slightly more surprising than this loss, which of course was not what was in the projections used to sell their equity, is that the paid up share capital is only £457,000. This is someway short of the £600k raised on Crowdcube and you would expect the total to be far higher than this £600k anyway.

All a bit of a mystery but as it happened behind the glass we will never know the truth.

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