Tuesday, 14 November 2017

Has Crowdcube's Oval Sound gone pear shaped?


Oval Sound were on Crowdcube trying to raise £500k. The campaign is (was) a disaster with only £5k invested (a CC term)  and has now vanished, with 16 days on the clock.

See here - https://www.off3r.com/deal/1139-oval-sound-crowdcube



This may or may not have something to do with the fact that Oval raised a whole load cash on Kickstarter and have yet to deliver anything to most of its supporters. The KS page makes for interesting reading. Here is one from 3 November - excuse the language!

Bunch of thieves can’t even deliver after two years their promise useless company and crowd founding again your having a fxxcking laugh hope it flops and that you end up bankrupt useless useless

Whatever, the Crowdcube campaign is now in private mode, although its not private due to some glitch within the CC system.

I suppose with the laughable attempts to sort out Brexit, we shouldnt really be surprised that we get ourselves in such muddles. This is yet another Crowdcube farce. A transparent one. 

6 comments:


  1. Hi Rob, the pitch is still active with 48 days to go. They have raised 5,300 pounds so far.
    Best, Emanuel

    ReplyDelete
  2. Sorry but you are wrong. The pitch had opened a while back and then was taken down - its not on the site now unless you search for it and then it comes up with a banner that its private mode - so clearly a CC error.

    ReplyDelete
  3. Sorry, but i am not thw one who is wrong. i am followinv the pitch and i still have the option to invest. can send u a screenshot...

    ReplyDelete
  4. That is because you are following the pitch from its original phase. If you reload the CC investment opps page they are not on it.

    ReplyDelete
    Replies
    1. Just to confrim we are correct on this - this is an email sent to prospective investors from Oval Sound -

      As you know we are conducting a crowdfunding campaign in Crowdcube.
      We have just started and we are going to slowdown for two weeks to consolidate our conversations with investors and fuel the growth of the campaign. For strategic reasons and given the low traction that the campaign has had, we have decided to temporarily suspend and keep it in hidden mode while we try to establish agreements with lead investors that help generate traction and re-launch forcefully again in a few weeks.

      Thanks for your support and interest in the campaign.
      Please contact me to further discuss this great investment opportunity!!

      Delete

  5. I received the following email from them today ...

    As you know we are conducting a crowdfunding campaign in Crowdcube.
    We have just started and we are going to slowdown for two weeks to consolidate our conversations with investors and fuel the growth of the campaign. For strategic reasons and given the low traction that the campaign has had, we have decided to temporarily suspend and keep it in hidden mode while we try to establish agreements with lead investors that help generate traction and re-launch forcefully again in a few weeks.

    Thanks for your support and interest in the campaign.
    Please contact me to further discuss this great investment opportunity!!

    ReplyDelete