Friday, 2 October 2015
Brewdog PR attempts to hide abject failure
The real story is much sadder. Since coming to Crowdcube to raise the rest of its required funding - a whopping £14m - Brewdog have managed a pathetic £1.75m and its not going to increase by much before their deadline. They may of course resort to the usual Crowdcube game of extensions. The equity offer has already been tampered with by the platform who have suddenly given it a target to raise of £500k - which oddly enough is just above the amount raised to date! The real target was never stated at the outset of the pitch.
Over priced on their equity offer and under generous on their bond offer, it was a nice try boys but no one is going to believe you.