Chilango Burrito Bonds

  • Restaurant chain Chilango raised money through mini-bonds this year**
  • It initially intended to raise just £1m but ended up with 3 times as much**
  • Mini-bonds are unregulated and unprotected high-risk investments**
  • According to reports the company has brought in a restructuring firm**
  • It said they would help to ‘assist on long-term planning, options and strategy’**
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Chilango shares were my first foray into crowdfunding. :frowning:

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So, will investors be getting a :burrito: or a :doughnut:?

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We will see soon I am sure

Hence my reluctance in investing in unsecured bonds.

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I invested in Chilango (equities) a while ago. Need to check my certificates if I can claim loss-relief. :frowning:

Meanwhile Chipotle (CMG) recovered after the e-coli bear market.

Email received today about the Chilango CVA - need to review the detail but I guess another where EIS loss relief may not be available - 7 out of 19 of my Crowdcube investments down the tubes!

Why would EIS loss relief not be available?

I understood this was only available if the company ceased trading completely, not restructured; however I need to do some further research on this.