" />
Asset 1005

Loading

Seedrs cannot defend this Etergo Scooter shambles. They should not hide behind handwashing and Covid19.

Etergo took £3.25m euros off Seedrs investors in 2017. In 2020 the company was sold, returning these same investors just 10% of their money. No Scooters were ever made.

Etergo is Dutch company supposedly making electric scooters. None have been made.  

Now it has been sold for 10% of its value back in 2017 when Seedrs, the UKs FCA regulated platform for equity CF, helped it raise 3.225m euros. Information asymmetry is rife. More than 6000 investors are up in arms.  

Between 2017 and 2020, the company used its Seedrs'...

This is a premium article.
You need to be an ECF.BUZZ member to read the full thing. Join now for only £3 per month!

Saturday June 6, 2020

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.