This is what the Sugru and Crowdcube argument is about
Above are the notes on page 30 of the last Sugru (Formformform Ltd) full and audited accounts for YE Dec 2016. This pertains to the movement of the bank loan and personal CL from long term liabilities to current liabilities. The big Q is was this information hidden from Crowdcube investors in March 2017?
Sugru have claimed in a written statement that the breach that caused this movement of the loans and the cancellation of the extended facility with the Clydesdale occurred in late 2017, was immaterial and was therefore not declared to Crowdcube SHs.
They have also claimed that the breach referred to above is a different breach to the one that...
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Friday May 25, 2018
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.