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Asset 1005

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Redemption Bar - a classic Crowdcube story

Take £300k off investors using highly dubious information in 2018 and go bust 18 months later. Then sell whats left to another Company, which goes bust big time and is sold to another Company which is about to go bust. That is the UK Insolvency system.

Utter Madness.

When Redemption were live on Crowdcube they were already dead. They needed cash to shore up a failing business. Of course that is not how Crowdcube sold the investment and investors piled in with over £300k on the back of huge promises and upbeat soundbites. Naturally they lost all of it. But that isnt the real story here. 

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Monday October 25, 2021

Hardman and Co’s Brian Moretta in conversation with ECF Buzz Founder Rob Murray Brown on start up investing, equity crowdfunding and what’s a good read.