Dona Ferentes
A little bit OC⚡DC
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ha ha, I swear I had no idea....
KDY - Kaddy Limited
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Dona Ferentes
A little bit OC⚡DC
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... and another aspirant likely to shrink to greatness (dropping like flies)
From Joe Aston's column (hence the flowery language)
.....a 25 million cheque – with the money of Blue Sky fund investors – for 22.7 per cent of Vinomofo, an online wine merchant, in 2016. Blue Sky’s clients were told to expect extremely attractive returns and a lucrative realisation by 2021.
Vinomofo has tried desperately since 2020 to orchestrate an exit for its beached investors. Investment banks Macquarie Capital and then Jarden failed to make an IPO fly, even after Eikmeier’s co-founder and former brother-in-law Justin Dry, a discharged bankrupt, was replaced as CEO in January 2021 by Paul Edgington.
In the 12 months to June 30, 2022, Vinomofo posted 4 per cent revenue growth and a net loss of $900,000. Or, as Eikmeier would say, proof it’s the next Amazon.
Last month, Edgington quietly resigned as Vinomofo’s chief executive and Dry resumed the post. We’re guessing they’d now settle for a trade sale?
It’s a thankless caper selling plonk on negligible margin...
From Joe Aston's column (hence the flowery language)
.....a 25 million cheque – with the money of Blue Sky fund investors – for 22.7 per cent of Vinomofo, an online wine merchant, in 2016. Blue Sky’s clients were told to expect extremely attractive returns and a lucrative realisation by 2021.
Vinomofo has tried desperately since 2020 to orchestrate an exit for its beached investors. Investment banks Macquarie Capital and then Jarden failed to make an IPO fly, even after Eikmeier’s co-founder and former brother-in-law Justin Dry, a discharged bankrupt, was replaced as CEO in January 2021 by Paul Edgington.
In the 12 months to June 30, 2022, Vinomofo posted 4 per cent revenue growth and a net loss of $900,000. Or, as Eikmeier would say, proof it’s the next Amazon.
Last month, Edgington quietly resigned as Vinomofo’s chief executive and Dry resumed the post. We’re guessing they’d now settle for a trade sale?
It’s a thankless caper selling plonk on negligible margin...
JohnDe
La dolce vita
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