Rebus' administrator's report tells us little new, apart from the on going enquiry into the management.
The sad tale of Rebus - funded via Crowdcube to the tune £800,000 and shortly afterwards defunct - takes one more step to completion.
We have written about this a many times - here . It's a classic case of appallingly poor due diligence by Crowdcube. The main man behind the company's Crowdcube raise was a currently banned FCA operator. This, if declared by Crowdcube, would surely have prevented this mess. They either chose to hide it or never knew about it.
So what are the consequences of this blatant negligence for Crowdcube? As usual absolutely nothing. Are they really already too big to fail?