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Big Sofa - I am writing this one off

By Tom Winnifrith | Saturday 6 August 2022

Disclosure: Financial Investigative Media Limited, which is not owned by Tom Winnifrith but by a trust for his dependants, owns shares in companies mentioned in this article. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Throughout the year Big Sofa (BST) has been telling us that everything was going well with new hires and client wins. Well that was a fecking lie as the circular issued the other day but not received by this shareholder shows. Do I want to put up more cash or be 90% diluted? You know what? I will take the hit and I now write this off mentally as a zero. I apologise to all who have lost money on this one. If its any consolation my personal hit is in excess of £40,000.  I now value this as a zero and indeed rather look forward to Big Sofa spunking this placing and going bust. 

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