Coconut will be next sadly
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I think Coconut will depend on whether the latest crowdfund is allowed to complete and how many cancel their investment in the cooling off period.
They did a great job of preserving capital during the pivot to MTD ITSA. It’s not beyond them to survive until MTD ITSA actually happens.
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They are fighting for their lives,maybe they can just freeze the product and maybe use the money on the most recent raise to cover the wages of 4-6 staff and until the time is right in 2 years time
Whilst they may survive until MTD ITSA, the market is smaller and a longer path to profitability with greater cash burn. Much more risk and as an existing investor, I don’t want to wait that long for what might be a return only to find out there is another delay or hurdle. Hopefully they survive but their business plan will need to be amended to retain most of the crowd fund.
Please excuse the brevity of my reply, as I am currently out of the office.
Kind regards,
Sanjay
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Any more context?
My cynical side. Have been chasing CrowdCube for a few updates across businesses and they said that they had been talking to Bnext over the last few weeks. A recent article said that Bnext were looking to be bought which doesn’t make me feel positive.
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I see - yes I tracked down a couple articles from Spain talking about.
Some quotes: " The Spanish neobank Bnext analyzes the search for a partner to take a majority stake in the shareholding and instill the necessary [financial oxygen]" - So might not be a full sale but interesting.
They are also making monetization moves (unsurprising): " In an email sent to its active users, Bnext points out that the commission will depend on the use that each one makes of the account in the fintech itself. These can go from 4.99 euros for inactive accounts to 0.99 euros for active ones. All those accounts that have direct debit payroll or make purchases of more than 300 euros per month are left out of the equation." - " In total, according to data from the La Información platform , just over 200,000 users – out of a total of 400,000 – are 100% active"
Will find out at one point I guess.
Monzo should make an offer 
Thanks for that. I put a small amount into bnext, but have no faith in them given that the last I heard they were issuing their own crypto nonsense.
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Andersen EV
You are receiving this email because you are a previous investor and direct shareholder of Muller Ev Ltd (Company Number: 10025400) (otherwise known as “Andersen EV” or the “Company”).
We are aware that Muller EV Ltd (trading as “Andersen EV”) has been placed into Administration by its directors. The appointed joint administrators are Nick Holloway and Will Wright of Interpath Advisory Limited (the “Administrator”).
We are in communications with the Administrator and can confirm that the Administrators are in the process of conducting their administration procedures and their reports to investors have been made available via their portal through the link here: Interpath Advisory - INTERPATH Public Case Information (ia-insolv.com).
Anderson went under awhile back. Surprised with that one, they were staying good digits. Guess they couldn’t find a route to profitability and sold out while looking after theirselves.
Please excuse the brevity of my reply, as I am currently out of the office.
Kind regards,
Sanjay
It’s not over yet 
This is an article from December. Its dead in the water 
So, thoughts on the vote for NowRX?
What vote? I’ve not received anything.
Please excuse the brevity of my reply, as I am currently out of the office.
Kind regards,
Sanjay
I don’t think so, the latest GoodBox update (received today) says:
"The Restructuring Plan for GoodBox has been approved by the Court following a hearing that took place on 16 January 2023.
The Frost Group will step down as administrators of the company and Buchler Phillips Limited will be appointed as administrators to execute the Restructuring Plan. More information on the Restructuring Plan can be found in our previous update dated 16 January 2023. As mentioned in that update, the court has the ability to overrule dissenting creditors if it is of the opinion that:
- None of the members of the dissenting class would be worse off than under a relevant alternative; and
- At least 75% by value of a class of creditor or members, which would receive a payment or have a genuine economic interest if the relevant alternative were pursued, had still voted in favour of the plan."
Ah yes, just seen this update statement which has been released today.
They also mention that they (Seedrs) are expecting a report of the court hearing to be filed shortly at Companies House and will share this with investors.
I’ve voted yes - permission to liquidate the remaining assets.
What’s your thoughts?
I don’t see a realistic alternative - they have lost against the competition and unable to raise equity for what I can gather. Bigger players bought the patient files and were not interested in their quick fill tech.
Seems as though in the event of a sale only creditors would be paid and nothing left for shareholders.
Who sent this email, was it Crowdcube? I haven’t received an email but should have…
Please excuse the brevity of my reply, as I am currently out of the office.
Kind regards,
Sanjay