bugs4me
Member of DD Central
Posts: 1,841
Likes: 1,466
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Post by bugs4me on Mar 5, 2020 22:28:10 GMT
'....Discussion on crowdcube has been fairly negative about their failure to keep investors informed....' Well, they are very busy looking after their current and dissolved ventures so doubt if they have much time on their hands.
Personally if/when I invest anywhere I prefer more than part-time attention towards the welfare of my hard earned cash.
Also as an Appointed Representative - you can sleep soundly knowing the FCA are involved somewhere.
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Post by Proptechfish on Apr 2, 2020 4:57:27 GMT
After close to a year of inactivity, the Propifi website has been refreshed, and seems to have morphed into a black-box based proposition offering 3 accounts 6-8% pa, notionally 24, 48 or 60 month terms, with capped access to a proportion of the funds each year.
Tagging Proptechfish as a declared small shareholder to see whether he can shed any light on the happenings here. (Given their prior incarnation appeared to be based solely on a relationship with a borrower we are generally not keen on, I would need a lot of convincing to take a deeper look). There seems to have been some general restructuring and change of focus for the business over the last 6 months, but commenting on further specifics would just be speculating. Echoing Ilmoro's input they're not exactly keeping shareholders informed. One slightly anecdotal piece of information is their per-launch valuation has dropped from £15mil to £8.3mil more recently. (pinch of salt required when valuing start -up companies based on fund raises).
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