What a joke. They lose the first money, pre package and want more money! They should offer free shares rather than this.
You have received this update because you are an investor in Bike Taxi Limited (referred to as the “Pedal Me” or the “Company”) (Company Number:10595064) and your shares are held on your behalf by Crowdcube Nominees Limited (“Crowdcube Nominees”).
We are following up on our email on 28 October 2024 regarding the pre-pack administration sale of the Company and whether or not existing investors would be offered shares in the new company.
The Company has confirmed that existing shareholders will have the opportunity to buy into the new entity at the same rate as any seed investors. We understand that the minimum amount to invest is £4,000. The offer is open to former shareholders of Bike Taxi until 31 December 2024. For further information regarding the funding round, including the share price, please contact the Company.
You should have received an update directly from the Company on 13 November 2024 for further information on the offer. We’ve re-attached it in case you missed it.
Please note that you will be investing directly in the new company and your shares will not be held under the Crowdcube Nominee structure; therefore, the rights and protections afforded to you under our terms will not apply.
If you would like to invest or have any further questions, please contact ben@pedalme.co.uk
If you have any other questions, you can contact us by emailing: support@crowdcube.com.
Circa5000 wounding down… I didn’t invest in it, but criminal such a short time after raising capital:
Please see the attached update from CIRCA5000 LTD.
The Company has informed us that the Company will be wound down in a solvent position but they do not expect to be able to make any distributions to shareholders once all creditors are fully settled.
We understand this may be disappointing news but we are in communications with the Company and will continue to update investors when appropriate.
You have received this update because you are an investor in Aura Fertility Limited (referred to as “Aura” or the “Company”) (Company Number: 12334967)
Further to our update in December 2023, regarding the asset sale and subsequent liquidation of the Company, please be advised that the Company has passed shareholder written resolutions (“Written Resolutions”) to wind up the company and appoint a liquidator.
The Written Resolutions passed and a liquidator was appointed on 27/11/2024. The Company has been placed into a Members Voluntary Liquidation by the appointed insolvency practitioner, Glyn Mummery and Julie Humphrey of FRP Advisory (the “Joint Liquidators”).
Shareholders / members are the last class of creditor to receive a distribution and they will only receive a distribution after everyone else has been paid in full. Unfortunately, therefore, we understand that it is unlikely that shareholders will receive a distribution as part of the liquidation process; however, Crowdcube will continue to monitor the liquidation and keep investors informed where appropriate.
We cannot advise on whether or not EIS loss relief is available until we are aware of the payout to investors. We will update in due course when we hear more. Loss relief can be claimed on the difference between your initial investment and the return that you receive, provided that return is lower than the initial outlay.
Circa5000 wounding down… I didn’t invest in it, but criminal such a short time after raising capital:
I almost invested in Circa5000 but was put off investing by their replies to potential investors. I started to make a list of companies I had not invested in and made this note about Circa5000 ‘No replies to difficult questions, rude and very dismissive.’
I think being dismissive or failing to answer investors questions is massive red flag and one of the most obvious signs that a company is already in trouble when raising funds.
Looks like today is Crowdcube’s day for sending out such emails.