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Topic: Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Restaurant
Posted by: Paul Pryce
Date/Time: 17/02/15 11:14:00

Richard, you have a fairly fundamental misunderstanding of what is going on here not least your apparent belief than Nicola Horlick was borrowing the money from investors. They were providing an equity stake for the purchase of a restaurant.

The nature of the way the money is being raised meant that no deposit could be place on the property she wished to acquire. She identified it, negotiated a price and then, when the money was raised, it would appear that the vendor changed the terms of the sale. Such a risk would have been highlighted in the offer document and the cost of setting up the investment could only be born at this time by the investors so the choice was get your money back minus the cost of the fund-raising exercise or leave it in the company with a view to pursuing another similar venture. As I said earlier most people would have been backing Nicola Horlick not the idea of a specific restaurant in a specific area.

You may object to crowdfunding but you should be aware that currently given the dysfunctional state of our banking industry it is the main supplier of debt and equity capital to the small and medium sized business sector. Without it there would probably be zero growth in the economy. It may be less regulated than bank lending but that is why it is able to fill the cap left by hamstrung banks.

Entire Thread
TopicDate PostedPosted By
Restaurant15/02/15 12:11:00 Nicola Horlick
   Re:Restaurant15/02/15 12:28:00 Brian Coyle
   Re:Restaurant15/02/15 12:31:00 Stephan Deare-Bilham
      Re:Re:Restaurant15/02/15 14:39:00 Claire Moran
         Re:Re:Re:Restaurant15/02/15 17:38:00 Carl Wynne
            Re:Re:Re:Re:Restaurant15/02/15 18:36:00 Claire Moran
               Re:Re:Re:Re:Re:Restaurant16/02/15 11:20:00 Loraine Pemberton
                  Re:Re:Re:Re:Re:Re:Restaurant16/02/15 11:34:00 Michael Robinson
                  Re:Re:Re:Re:Re:Re:Restaurant16/02/15 14:59:00 Claire Moran
                     Re:Re:Re:Re:Re:Re:Re:Restaurant16/02/15 15:34:00 Michael Robinson
                  Re:Re:Re:Re:Re:Re:Restaurant16/02/15 18:46:00 Carl Wynne
   Re:Restaurant16/02/15 10:41:00 Michael Simson
      Re:Re:Restaurant16/02/15 11:00:00 Ken Munn
         Re:Re:Re:Restaurant16/02/15 11:16:00 Claire Moran
            Re:Re:Re:Re:Restaurant16/02/15 11:32:00 Charlotte Kasner
         Re:Re:Re:Restaurant16/02/15 12:52:00 Pete Mayes
            Re:Re:Re:Re:Restaurant16/02/15 12:55:00 bobby osborne
               Re:Re:Re:Re:Re:Restaurant16/02/15 13:11:00 Stuart Kerr
                  Re:Re:Re:Re:Re:Re:Restaurant16/02/15 15:03:00 Claire Moran
            Re:Re:Re:Re:Restaurant16/02/15 14:04:00 Ken Munn
               Re:Re:Re:Re:Re:Restaurant16/02/15 14:11:00 bobby osborne
                  Re:Re:Re:Re:Re:Re:Restaurant16/02/15 15:55:00 Ken Munn
                     Re:Re:Re:Re:Re:Re:Re:Restaurant16/02/15 16:09:00 Pete Mayes
                        Re:Re:Re:Re:Re:Re:Re:Re:Restaurant16/02/15 16:29:00 Nigel Brooks
                           Re:Re:Re:Re:Re:Re:Re:Re:Re:Restaurant16/02/15 16:37:00 Stuart Kerr
                     Re:Re:Re:Re:Re:Re:Re:Restaurant16/02/15 17:07:00 Keith Iddon
                        Re:Re:Re:Re:Re:Re:Re:Re:Restaurant16/02/15 17:14:00 bobby osborne
                        Re:Re:Re:Re:Re:Re:Re:Re:Restaurant16/02/15 17:29:00 Richard Cathcart
                           Re:Re:Re:Re:Re:Re:Re:Re:Re:Restaurant16/02/15 19:06:00 Paul Pryce
                              Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Restaurant17/02/15 00:23:00 Richard Cathcart
                                 Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Restaurant17/02/15 11:14:00 Paul Pryce
                                    Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Restaurant17/02/15 11:40:00 Michael Robinson

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