I last posted at the end of last year on the high number of crowdcube funders that have failed in my so-called portfolio. I’m now adding cornerstone to that which was supposed to be an expanding shaving company already in operation when i invested and apparently doing well. I received received some documents it’s from a company and it is all in legalese I can’t understand it. basically it sounds as if they. are buying a financial company and I have the option to buy shares in this new company but I do not have the option to vote on what’s going on on and it sounds like they are going to liquidate the company. However I have not been able to understand this is anyone able to help please? Cornerstone stated ad a shaving brand… then got into vitamins by post… and has for a long time now been sending out regular emails for me to stock up on erectile dysfunction products… obviously i wad worried by that stage… not a great way to keep customers. . by the way I’m a female. Up the only benefits I got from cornerstone required a generous supply of of their shaving blades and products which I have more than enough of. Up but I didn’t intend to spend 1000s o
The document was sent from a company saying they are happy to answer any questions I might have but when I contacted them they seem to avoid giving me any helpful advice and told me they couldn’t give legal or financial advice or translate what was in the document ?
I got into crowdfunding because of a positive newspaper article in one of the the papers either it was the Telegraph or the Observer or something praising crowdcube and big Returns it could bring. At that time ISA interest rates at an all-time low and I thought I would get better Returns. By the way I was also under a lot of stress in my marriage so maybe that’s why I was so desperate. I really regret it and would never invest in crowdfunding again it’s like a Dragon’s Den except that it’s open to anybody. I agree with other posters who say you must really question why are companies asking for money?
Sorry for the long post. how are these companies allowed to state that they expect 5 to 10 times Returns? there’s no analysis by crowdcube or way to prove this?