For those of us who participated during yesterday’s crowd funding, are curve planning to provide us with a set of financials/business plan/projections so we can get some transparency?
From experience of others on Crowdcube, the financials are normally included in the restricted documents for review prior to investment.
If curve don’t want to release their financials, there is nothing we can do to force them (I note that Curve have opted not to submit detailed financials to companies house) but I imagine they will see a number of people drop off in the due diligence phase. The amount raised is already going down.
Thanks for reaching out. In keeping with general UK equity crowdfunding market practice, our pitch page and investor deck were put together in accordance with UK regulations and Crowdcube’s guidelines to assist with the investors’ understanding of Curve and their investment decision. Further information is available in Curve’s latest accounts, which are publicly available on Companies House (Curve 1 Limited).
This is information that is almost a year old, with an outdated balance sheet and no P/L/cashflow. This is hardly being transparent is it?