One of my earliest crowdfunding investments and one of the worst on the communications front
Hey firstly good find 
I’m not sure what to make or that. I’d hope there is a comms on the way to investors imminently. I’m really hoping it’s a buy out at a premium to previous raise valuations rather than they had some serious issues and have sold it off on the cheap…
I have emailed both SeedInvest and the NowRX CMO (I had his email) to ask….will hate anything useful I get back. And oddly, the actual thing that alerted me was an email from NowRX but it was more like a customer email than an investor one. Very odd.
And the vulture was conveniently sitting ready and waiting. Well done M & S
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Yes I see the email now. Indeed that was a customer comms about the switch to Alto. Funnily enough I was thinking it was about time for their bi annual update. Looks like our next comms will be to either celebrate or commiserate
It seems that Alto acquired NowRx’s patient files in California.
So it seems an asset sale?
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Annoyingly, still no investor comms……that’s terrible.
Yes it’s all speculation from our side until we get the comms but interestingly the verbiage is past tense:
“At its peak, NowRx operated 8 DEA licensed micro fulfilment pharmacies spread across the San Francisco Bay Area, Orange County, Los Angeles, and Phoenix’”
So is it a partial sale or the whole company. The wording to me indicates the whole company bought out?
Oh and hopefully we can move this out of the graveyard thread 
Oddly there is an SEC Exit listing but for me, the PDF is not showing. https://sec.report/Document/0001104659-22-117331/
It gets more and more intriguing/worrying.
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From what I have read online - the fact Alto only acquired patient files is an indicator that they were not interested in NowRX picking and fulfilment assets.
Speculation still of course, but I’d imagine if it was good news it would have been shouted from the rooftops.
Exactly….a lump of coal for Christmas.
I can’t remember but is there a successful exits thread?
Yes
“But the plans were on display…”
“On display? I eventually had to go down to the cellar to find them.”
“That’s the display department.”
“With a flashlight.”
“Ah, well, the lights had probably gone.”
“So had the stairs.”
“But look, you found the notice, didn’t you?”
“Yes,” said Arthur, “yes I did. It was on display in the bottom of a locked filing cabinet stuck in a disused lavatory with a sign on the door saying ‘Beware of the Leopard.”
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I made one ages ago, it doesn’t get as much traffic as this one. maybe there’s a lesson in that 
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Now officially confirmed that there will be no returns for investors.
Which business?
Thread
Wild Beer Co…On Friday, Somerset brewer Wild Beer Co, collapsed for similar reasons. The company instructed administrators after suffering from soaring costs for, among other things, energy and the carbon dioxide used in the beer. The company, founded in 2012 by Andrew Cooper and Brett Ellis, sold its pale ales, lagers and stouts in supermarket chains Waitrose and Morrisons, and also has bars in Bristol and Cheltenham.
A spokesman for the administrators, Undebt, said they were hopeful of interest in acquiring the business given Wild Beer’s strong brand.
In 2017, Wild Beer raised £1.8 million on Crowdcube from more than 1,900 investors at a £25 million valuation, meaning the average punter invested more than £900. They are now likely to be wiped out.
Wild Beer did not respond to requests for comment.
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Up to 7 now. 7 failures in three weeks! And only a few have bothered to tell investors directly.
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