The poor management up to selling may have had something to do with it too…
Awkward-Loquat2228 on
What an absolute cock. He sold out for Money. He needs to just fuck off now.
weekTheEnd on
Isn’t this the man who wrote a book about scamming people in the first place?
sivaya_ on
What a joke of a brand. Built their identity on counter-culture, then sold out to the corporates, with the founders taking staff and shareholders for mugs. It’d have been better if they never pretended.
Ramiren on
Did the new owner somehow go back in time to give preferential shares to other investors?
KeithCadfael on
I’d argue they stayed true to their punk roots and did what all punks eventually do, sell out.
TumblyBump on
The beer was always crap. Overrated and too much hype. I suppose one could say that is a good ‘brand’. Shame then he had to destroy it due to personal immaturity.
simonps on
Didn’t the owner have 20+ years to arrange an IPO? When you sell out to avoid bankruptcy, it follows that so previous investors will probably get wiped out.
No-Mark4427 on
The ‘equity for punks’ scheme was a glorified kickstarter or members club, dressed up as an investment.
Unregulated/unlisted company, bottom of the barrel/pecking order shares that were free to be diluted. Brewdog controlled the price and when/who they could be sold to. It’s been over 5 years since any of these ‘investors’ were even able to cash out their ‘shares’.
The people with sense put in a nominal amount to become a member so they could get the lifelong discounts which would quickly overtake the value paid in if used regularly, but the rest was all in the T&Cs, anyone who did any sort of reasonable due diligence would not have touched this with a 10ft barge pole but ofc it was all about the hype more than anything.
MultiMidden on
Shut the fuck up you arsehole, you’re one who sold the idea of ‘punk equity’ people parted with their hard earned cash to buy a part of the company and have been left with nothing, you’re the one who couldn’t run a business and then had to sell out to try and avoid bankruptcy.
Reasonable_Cod_5643 on
Why are uk Redditors so passionate about this random beer company? What is special about them?
i-love-you-sm on
Look at this twat trying to blame someone else for his mess. F off Watt
Djinjja-Ninja on
The man that structured the Equity For Punks as B shares complains that when he ran the company bust that the 2nd level shares don’t get paid out…
He knew what he was doing.
MrTimofTim on
I’m one of these “small shareholders”. It’s not Tilray’s fault. It’s James Watt’s fault.
bekahfromearth on
They’ve been dodgy from the start. Claimed they started from nothing but Daddy footed the bill. The whole “equity for punks.” And his whole “punk af” and marrying Toff the Tory cunt.
saintedward on
He fucked his small shareholders that moment he signed with TSG.
EnderMB on
They weren’t shareholders. They bought into a private scheme that had zero protection, and could be null and void at any point.
It’s the golden rule of investment. Unless you actually own x% of the business, anything you’re given on the basis of doing public or future performance is monopoly money.
17 Comments
The poor management up to selling may have had something to do with it too…
What an absolute cock. He sold out for Money. He needs to just fuck off now.
Isn’t this the man who wrote a book about scamming people in the first place?
What a joke of a brand. Built their identity on counter-culture, then sold out to the corporates, with the founders taking staff and shareholders for mugs. It’d have been better if they never pretended.
Did the new owner somehow go back in time to give preferential shares to other investors?
I’d argue they stayed true to their punk roots and did what all punks eventually do, sell out.
The beer was always crap. Overrated and too much hype. I suppose one could say that is a good ‘brand’. Shame then he had to destroy it due to personal immaturity.
Didn’t the owner have 20+ years to arrange an IPO? When you sell out to avoid bankruptcy, it follows that so previous investors will probably get wiped out.
The ‘equity for punks’ scheme was a glorified kickstarter or members club, dressed up as an investment.
Unregulated/unlisted company, bottom of the barrel/pecking order shares that were free to be diluted. Brewdog controlled the price and when/who they could be sold to. It’s been over 5 years since any of these ‘investors’ were even able to cash out their ‘shares’.
The people with sense put in a nominal amount to become a member so they could get the lifelong discounts which would quickly overtake the value paid in if used regularly, but the rest was all in the T&Cs, anyone who did any sort of reasonable due diligence would not have touched this with a 10ft barge pole but ofc it was all about the hype more than anything.
Shut the fuck up you arsehole, you’re one who sold the idea of ‘punk equity’ people parted with their hard earned cash to buy a part of the company and have been left with nothing, you’re the one who couldn’t run a business and then had to sell out to try and avoid bankruptcy.
Why are uk Redditors so passionate about this random beer company? What is special about them?
Look at this twat trying to blame someone else for his mess. F off Watt
The man that structured the Equity For Punks as B shares complains that when he ran the company bust that the 2nd level shares don’t get paid out…
He knew what he was doing.
I’m one of these “small shareholders”. It’s not Tilray’s fault. It’s James Watt’s fault.
They’ve been dodgy from the start. Claimed they started from nothing but Daddy footed the bill. The whole “equity for punks.” And his whole “punk af” and marrying Toff the Tory cunt.
He fucked his small shareholders that moment he signed with TSG.
They weren’t shareholders. They bought into a private scheme that had zero protection, and could be null and void at any point.
It’s the golden rule of investment. Unless you actually own x% of the business, anything you’re given on the basis of doing public or future performance is monopoly money.