Seconds away! War of words as eMoov gets in almost all of its £2.6m crowdfunding

Thursday, November 12, 2015

Almost all of the £2.6m money pledged on eMoov’s crowdfunding campaign has been paid.

The news may confound critics of the online agent and its founder Russell Quirk – but is unlikely to silence them.

During the 14-day cooling off period, which has now closed, only £1,650 of the money failed to materialise – a low drop-out rate of just 0.06%, thought to be a record, and which compares with the normal evaporation rate on Crowdcube of about 10%.

The news has now sparked a challenge from Quirk to EYE reader PeeBee.

Yesterday, PeeBee posted: “I have been reliably informed that there is a 14-day cooling off period.

“Anyone care to guess, that being the case, how much the actual grand total ‘invested’ come the end of the month amounts to… ?

“I’ll start the sweepstake with ‘less than a million’.”

Throwing down the gauntlet, Quirk said that PeeBee was “woefully” wrong in his prediction.

He added: “PeeBee should be prepared to back his bets. And so I suggest that he now agree to pay to a charity of my choice the sum of £100 for every £100,000 that he was wrong.”

Quirk said that the sum should be £1,600.

However, PeeBee said: “Mr Quirk is mistaken. I made a guess, not a bet. I got it wrong, but so has he.

“So I’m afraid his charity, the Russell Quirk Home for Destitute Estate Agents, will just have to wait.”

Originally posted here.

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