Saturday, 2 April 2016

Crowdbnk might be worse than Crowdcube

The New Craftsmen initially raised cash on Crowdcube, hopelessly failed to meet its projections so decided to raise another £1m on Crowdbnk - see here -

This attempt on Crowdbnk was a complete flop - despite some interesting Crowdbnk PR which pushed hard up against the fence of transparency.

Now the same company is on the same platform with another 60 days to go raising £750k. It has the already pledged £530k from only 14 'investors' from the last failed campaign in place. No mention of the fact that this is the same failed raise or of the change of target.

You might call this a total con - we couldn't possibly comment!

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