As it prepares for its 28th year of miserable existence, the Eden Research (EDEN) fraud is still no closer to making a profit. Interims out on Friday were piss poor but behind the scenes is there even worse news?
It is a marriage made in heaven. A long, long time ago Richard Horsman had some real success with a company called Cybit. But rather like a soccer player who once played for a Premier League club but now plies his trade with a series of Tier 4 and National League outfits, those glory days are well gone and more recent failures spring to mind.
The fraudsters at Eden Research (EDEN) have served up calendar 2021 numbers and laughably claim that the company has enough cash to last another 12 months. If so I am a banana. The claim is patently not true.
For 17 years I have been pointing out the lies and frauds committed by Eden Research (EDEN). I could paper my bedroom with the lawyers letters it and its partner in crime 3DM (now in administration, having blown £65 million of other folks cash, sent me). I could paper another few rooms with the online harassment I received from the 3Dimmers, whipped up by shamed promoters Old Mother Mike Walters and Johnny “the Rat” Townsend. Here we are and I am still on the case although how the regulators have allowed this farce to continue for so long really does cause me to despair. Retained losses now stand at £40 million!