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Founder of collapsed Ve Interactive pursued for £60m by creditors David Brown, left, founded Ve Interactive and is now being pursed by creditors James Titcomb - 16 JUNE 2018 • 8:20PM The bankrupt founder of Ve Interactive, the collapsed tech company, is being pursued for £60m by its out-of-pocket creditors. Administration documents reveal that a claim against David Brown was brought by Ve Interactive’s previous administrators before they were replaced earlier this year. Ve, an advertising technology company, was once valued at £1.5bn, making it one of a handful of British “unicorn” start-ups. But repeated losses and heavy spending left it unable to pay staff and eventually it collapsed last year. Administration documents showed it owed £77m to creditors including Arsenal Football Club, Ronnie Scott’s jazz club in Soho and HM Revenue & Customs. The episode was seen as a... .... https://www.telegraph.co.uk/technology/2018/06/16/founder-collapsed-ve-interactive-pursued-60m-creditors/
Website updated to say "Early Summer 2018" but originally said "Early 2018". So does that mean they got until 30th June? Please can you issue an actual date rather than being so dodgy!!!!
meant for dewsbury.
both i reckon. your a disgrace. spinning your lies that probably cost punters a lot of money. what comes around goes around.
are you dewsbury in disguise ! not been on this sight for a long time. dewsbury where art thou ! sorry to see you lot lose your dough . i lost enough myself on this piece of junk. akers is a fraud . rip
Yes I agree Maverick. Like I said they gave us a time frame and said that they are working on an RTO. Time will tell what comes out.
Sorry should read "to work on an RTO"
I know someone who spoke to Chris Akers and asked him this question.. "As an investor have I lost my money?" the reply was "No". Make of it what you will but its suspended for a reason is my guess and that reason is not work on an RTO in the given timeframe.
Honestly I do not see this as really dead. CHA is in suspension and has to 4th of October to realize the RTO. So a shareholder should be able to trust upon that they are working hard to create new value.
Concha finally appears to have died a death. The rollercoaster ride has come to a stop having fleeced countless PI's of their money. A lesson in why speculation is a high risk game that doesn't always pay....
I used to have great faith in Akers. After researching, my view is run for the hills! Concha has sunk �175k in to Ucado (is this Waitrose, rings a bell) plus they had another chunk of investment previously and zero is live (promised in Jan 18), even tho mr Hands likes it, I am not convinced! After a good year or so not to have a product is worrying. Looks like they will float a shell riding on PB's success to make some ��, LONG WAY to go. Not confident, sadly. I am out!
"Your Board considers it appropriate to now change the company name to Four Capital PLC and will table a resolution to affect this change of name at the Company's next Annual General Meeting." All proposals at the AGM were accepted. Make of that what you will given the suspension....????
No accounts filed for The Buyer Pool aka ucado due 31/3/18. However, today a new director appointed at The Buyer Pool from 4/11/17 two days before Ucado PLC was formed.
So cha finally comes to an end tomorrow, or does it? People buying before the death?
3 large trades on a few minutes and MMs upping the offer to 0.20p
It seems we have missed our window unless April still counts as early 2018!!!!
Still "coming soon". Though Mr Hands seemed happy with the pilot. https://ucado.co.uk/home/
The RNS has not led to a massive sell off. So insiders seem to also believe in RTO on UCADO or another target. Life is a bet.
Putting my hopes in RTO, UcaDo seems a good candidate for that. No expectations for CHA''s part in Ve. I have no proper insight in Works at the moment. Hopefully the RTO will be more succesfull than the previous discussions in transformational growth. Canceling CHA in case it does not work out this time would be a disappointment to say the least.
Where are we today ? AKERS wants to sell THE WORKS, so my understanding is that the possible RTO should likely be an opportunity for UCADO to float. It seems unlikely he will pull out something out of his hat. What's your analysis ?
Only hope is named Bob. Another conning bent leader
Presumably the migration to that of a Rule 15 cash shell means anyone with a large-ish holding is screwed? Or is there hope yet?
IC Gotech is up strongly today, maybe Akers is in the market for more shares. Personally, I'd rather he spent his time sorting out something for Concha!
If you google ucado they are advertising jobs but as UcaDo PLC. There is a UcaDo plc on companies house set up by the director of this ucado.
Regarding UcaDO I wonder when we will hear anything from CHA how it will proceed. UcaDO is still launching soon. Two weeks remain: RNS 4 Oct 2017: "The Loan Notes may be converted, at Concha's option, into new equity shares in UcaDO on 31st March 2018 or earlier upon the sale or listing of UcaDO or upon the raising of equity finance by UcaDO. " (Complete) RNS 4 Oct 2017: New Investment in UcaDO Concha (AIM:CHA), the AIM listed investment company is pleased to announce that it has agreed to participate �175,000 in a facility to advance �250,000 by way of secured convertible loan notes ("Loan Notes") being used by TheBuyerpool Limited which trades as UcaDO ("UcaDO"). UcaDO has developed a proprietary platform to facilitate the free listing of both owned and rented, residential and commercial property, by property owners and landlords to prospective buyers and tenants alike. UcaDO has not yet filed accounts so there are no profits/losses or assets which can be disclosed. The Directors believe that the emergence of virtual or hybrid estate agents in recent years has provided the property market with a perceived lower cost, fixed fee property marketing option. Whilst these new market entrants have sought to offer "up front" fixed fee pricing options, the underlying reliance on the property seller to fund the model remains largely unchanged from that of the traditional high street agent. As the market continues to move in the direction of ever decreasing agent's fees at the perceived expense of customer service, UcaDO seeks to bypass this trend of fee erosion by offering a truly disruptive, agent free monetisation model to the property listing service - free to both buyer and seller alike. Its property listing service will be offered through its own mobile app and web portal, the former already having been approved as an app on both Apple's App store and Google Play. The Loan Notes bear interest at a rate of 10% per annum and are repayable on or before 30th June 2018. The Loan Notes may be converted, at Concha's option, into new equity shares in UcaDO on 31st March 2018 or earlier upon the sale or listing of UcaDO or upon the raising of equity finance by UcaDO. Should the Loan Notes be converted, Concha would secure a minority holding of 17.1% in UcaDO.