Bereft of good news, Crowdcube have managed to spin a negative story into positve PRing.
This is a masterclass in shadow boxing and when Crowdcube go bust, Luke Lang is guaranteed a job in front line politics.
So here's what they have done.
A while back they made a lot of noise about being the leader when it came to developing the use of ECF for IPOs. Now they have pulled this idea or possibly the LSE has chosen not to grant them a licence. Either way, Luke Lang is to be found telling anyone who will listen how Crowdcube have chosen to avoid IPO's because there is no money in it and the IPO market is sluggish.
You can accept the second point as being cyclical but the first point just shows that previously Lang was, as usual, just shooting the breeze to catch attention. The fundamental mechanics of IPOs have not changed so Crowdcube clearly got their sums wrong - if they did any.
In the same article, http://uk.businessinsider.com/crowdcube-shelves-plans-ipo-market-economics-god-awful-2016-5, you can find Syndicate Room's CEO rejoicing in the fact that Crowdcube have missed 'his vision'. Luke Lang jabs back that he is afraid for his competitors - what a nice thought! Round 1 to Crowdcube
We think that it would be a nightmare for Crowdcueb to be allowed near IPOs. With their simply appalling record on due diligence and their reputation as the Woolworths of the ECF sector, it would be asking for serious trouble to allow them anywhere near to the official markets.
So well done Luke for finally getting something right.