ICT New Investment Vox Pop

  • 3 months ago
Transcript
00:00I'm very much in the box of in between the two because we needed the money we
00:05don't know if it's going to work but we're hoping it does but it's also the
00:10fact that the track record's not great so we have to look at him and we're just hoping the club has done their due diligence properly and the board have done well on their due diligence but for now I'm going to be hopeful because we don't have much else coming our way.
00:22Initially you're obviously you're happy about it but I see people digging deep into it and think it's a wee bit dodgy maybe, I don't know, but seeing all the depth and the detail I think once you find out more about it and more about how much money is going in and everything like that.
00:39Well first you hear the news and you're like great, then you look into it and you're like well where's the money coming from?
00:44It's like a basic amounting from the loss but you see balance sheet and you're like where is the money coming from?
00:49Good news initially but after doing a bit of research, quite frightening, looking into research on these backgrounds and the companies, not sure what's going to happen but it was either that or the administration so we'll just need to wait and see what happens.
01:09It was good for a few moments seeing the club had got an investor and then looking into it, it wasn't so good because there's so many red flags.
01:21There's just, what is 77? What does the guy really do? It's a business with a net loss of 20 grand on one of his businesses and 16 grand on another business, that doesn't really scream I should invest in a club.