Yet again we have an example of Seedrs committing in action to looking after their investors. This is not what Crowdcube do despite what they may say.
A source has sent us details of a Seedrs raise. This completed but took a while to get past the paperwork. By the time it had, the company's circumstances had changed for the worse and figures given in the pitch were shown to be wrong.
So what do you do?
Well any right minded person with an ounce of decency and an FCA licence, would alert investors to these facts and ask them if they still wished to invest. Which is exactly what Seedrs have done. Armed with the facts, investors get to make a real choice.
There is a prize for anyone who can give me an example of this happening on Crowdcube. Here it would most likely have been 'passed over' and liability in the aftermath that followed would have been rigorously denied. For real examples of this type of thing, you need look no further than Ethos Global. Although once there you might try The Solar Cloth Company and a few others.
It really is time Crowdcube were held to account.