Wednesday, 16 March 2016
Crowdcube's Wild Trail closes
Wild Trail has finally been dissolved. The company raised £157k on Crowdcube in 2013, from 147 investors. We predicted their demise last year - http://fantasyequitycrowdfunding.blogspot.co.uk/2015/09/when-did-ceo-start-to-stand-for-chief.html
It is just another example of the Crowdcube out to lunch department being way below par when it comes to performing. Crowdcube thoroughly vetted the projections used to sell the equity, which had Wild Trail with a turnover of £4m and profits of £500k in 2015.
Move along there, queue forming. Now, who's next?