Apparently ( and I have not checked the calculation) Brewdog raised the funds at a 155 times trailing PE ratio. Whilst I would never invest at that price other Investors should have the right to do so. Regulation does not stop poor investments being presented to the market it just adds costs and ultimately kills a source of funding to SMEs which is sorely needed.
The Scottish independent brewer BrewDog has smashed equity crowdfunding records by raising £5m from the public in the first three weeks of its fundraising round. The craft brewer celebrated the milestone with a typically unorthodox PR stunt, dropping taxidermy “fat cats” with parachutes over the City of London to mark “a new dawn for beer and a new dawn for small business finance”.