Yet again Crowdcube investors are treated like door mats. Zing Zing raised £1.5m in 2016 and then another £1.2m in 2017. Now Creditors have agreed a 4 year CVA which leaves the Crowd holding onto...
Bizarrely and much to the irritation of some Crowdcube investors, Zing Zing have applied through Begbies for a CVA at the same time that they were trying to raise more money privately from their...
Ok so the picture is a joke - right - dont get all PC on me. The latest ECF news is that Zing Zing, the Chinese takeaway, have already, after only 2 days on Crowdcube, blasted their £500k target.
Zing Zing is a classic Crowdcube deep fried balls up. 2 rounds raising £2.7m and a failed third round with numbers plucked from the heavens, have lost investors all of their cash. Wonderful.
Following the landmark ruling by the FOS in the case of Mr P who invested £18k in Zing Zing via Crowdcube, we have made claiming against the platforms easier.
Crowdcube employees and Directors involved in investing in and promoting Crowdcube pitches. So where is the line for demarcation of wrongful influencers?
The FOS find that Crowdcube due diligence was very poor but still determine that the investment in the Zing Zing pitch would have gone ahead - despite having no evidence to back that assetion.
The FOS found against Crowdcube and in favour of investors in the failed company Zing Zing. An almost identical case has just arisen with Wild Beer.
The Fianancial Ombudsman Service do not make it easy to complain but complain you must, if you have been misled. Otherwise nothing will change. Here we give you advice on the best way to get your...
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.