Diapers, you might scream if you had shares in this company.
Stakis - founded by the famous Hotelier's son, has now spent all the money it raised on Crowdcube and to this date has delivered not a single place for babies and toddlers to be kept safe.
In fact all it has done to date is spend the cash. On what.....who knows.
The last filed accounts for YE March 2016 are looking like dormant accounts.
We have written about them previously here
Would Crowdcube care to comment? It was after all on their platform that the company raised over £100k in 2013. They no doubt go down in the Crowdcube portfolio as a success as they have not yet closed. The company was unreachable and Crowdcube dont speak with us so your guess is as good as mine. Fraud comes to mind. If that is the case, then what will Crowdcube actually do about it.
Here is what we expect Luke Lang, the CC Pring man, to say -
'Investing on these start ups is high risk. We carry out thorough due diligence using our team of well trained interns - no sorry lawyers - to scrutinise every company. We have more lawyers than most law firms! (that is a real quote from Luke!!) Only 1 in 10,000 applications get to list on our platform - we are that meticulous. If people are stupid enough to invest via our site then that's their issue - we make money anyway we can. Are we off air??!!''