But they say they are going to invest in New Companies ....oh...

But they say they are going to invest in New Companies ....oh right that was what the IPO was for also, and the convertible notes........

Maybe they should have sold out of Hydroworks, when it clealry became over weight. With any VC type fund where only one or two become really successful then you end up with a portfolio massively over weight......the "managment control" should be around not investing more than a % of the portfolio in the first place....a lesson that they should have known from day one and maybe that would have stopped the losses in the likes of Hydroworks.

Their model is totally broken and reflects the fact they are desperate and have no idea what they are doing. The best think would be to flog the rest of the portolio and leave Invert as their only equity position, sack everyone and in maybe 3 or 4 years time do a takeover of Invest to get them fully listed.