Nicola Horlick's Glentham Fund comes good on promise of £250k investment.
We have written about the Glentham Fund many times on here. Most recently about a promise from Horlick to come good on her promise of a £250k investment. Well now it seems the money is on - or in July, the company issued shares to that value. This appears to be a deal struck with two new SHs, to whom Horlick sold the newly issued shares after buying them of the company at a value of £12 each. What she sold them on for is unknown. With the shares currently issued, the £12 value makes the company nominally worth just over £2.9m. The Seedrs pre money valuation was £1.8m in 2014.
We doubt the new shareholders paid £12 though.
Now Seedrs investors just need to see her do something with it.