Following on from my post this morning about IPOs being cancelled, it seems that The Joneses IPO was merely an effort to delay liquidation.

So much for naive investors, this is a case of very naive business people – did they really think that an insolvent business would pass the investigation of fund managers during a public listing?

Sheesh…..

Ben Kepes

Ben Kepes is a technology evangelist, an investor, a commentator and a business adviser. Ben covers the convergence of technology, mobile, ubiquity and agility, all enabled by the Cloud. His areas of interest extend to enterprise software, software integration, financial/accounting software, platforms and infrastructure as well as articulating technology simply for everyday users.

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