Iyomu.com, the fledgling (did someone say unfounded?) social networking site that made some headlines when it announced a $1mil launch competition, is shutting down.
David Wolf-Rooney, founder of the site, showed amazing clarity when he said that;
IYomu got its proposition – social networking for grown-ups – wrong, and did not have the resources to grow its membership numbers
The following then is a memorial to those who invested in a business always doomed to failure (and no I’m not just being negative –Â see many businesses that are viable – but this one had no real unique selling proposition). There are some names there who really should have known better – internet bubble anyone? Maybe these high fliers should stick to their knitting rather than investing in something they have no real understanding of.
| Share Parcels | |||
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| Total Number of shares | 12,023,795 | ||
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| Number of Shares | 8,291,137 | ||
| Shareholder(s) | WOLF-ROONEY, David Damien Michael | 56 Crescent Road West Extension, Palm Beach, Waiheke Island | |
| WOLF-ROONEY, Elke | 56 Crescent Road West Extension, Palm Beach, Waiheke Island | ||
| 1584701 – SCO TRUSTEES NO. 1 LIMITED | 222 Kitchener Road, Milford, Auckland 1309 | ||
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| Number of Shares | 1,060,000 | ||
| Shareholder(s) | BOAG, Michelle | 33 Korora Road, Oneroa, Waiheke Island | |
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| Number of Shares | 460,000 | ||
| Shareholder(s) | DOL, Julia Edith | 41 Bracken Avenue, Takapuna, Auckland | |
| DOL, Michael John | 41 Bracken Avenue, Takapuna, North Shore City | ||
| 913272 – SW TRUST SERVICES LIMITED | Level 17, A I A House, 5-7 Byron Avenue, Takapuna, Auckland | ||
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| Number of Shares | 166,666 | ||
| Shareholder(s) | BOLER, Kenneth Alfred | 97-101 Hobson Street, Auckland | |
| BOLER, Tracey Lydia | 97-101 Hobson Street, Auckland | ||
| JONES, Warwick Nelson | 97-101 Hobson Street, Auckland | ||
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| Number of Shares | 165,000 | ||
| Shareholder(s) | MOSS, John | Calle Clipper 14, Pilar De La Horadada, El Mojon, Alicante, Spain | |
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| Number of Shares | 140,000 | ||
| Shareholder(s) | GABRIELLE CARRICK ADVERTISING SERVICES PTY LIMITED | 30b Francis Street, Castle Hill, Nsw 2154, Australia | |
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| Number of Shares | 122,499 | ||
| Shareholder(s) | 964865 – MILLAW SERVICES LIMITED | 218-224 Kitchener Road, Milford, Auckland | |
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| Number of Shares | 116,666 | ||
| Shareholder(s) | VALINTINE, Elizabeth Francis | C/-145 Kitchener Road, Milford, North Shore City | |
| SOPP, Rosemary Martha | C/-145 Kitchener Road, Milford, North Shore City | ||
| 1788998 – APOGEE TRUSTEES LIMITED | Hall & Parsons CA Ltd, 145 Kitchener Road, Milford, Auckland | ||
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| Number of Shares | 100,000 | ||
| Shareholder(s) | 1511911 – NETVALUE LIMITED | 346 Bruntwood Road, RD1, Cambridge | |
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| Number of Shares | 81,695 | ||
| Shareholder(s) | ROCKELL, Christopher Glenn | 222 Kitchener Road, Milford, Auckland 1309 | |
| TODD, Kylie Sonya | 222 Kitchener Road, Milford, Auckland 1309 | ||
| PIERSON, Fiona Margaret | 222 Kitchener Road, Milford, Auckland 1309 | ||
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| Number of Shares | 80,000 | ||
| Shareholder(s) | SPARROW, Eugene Francis | 61 Watling Street, Epsom, Auckland | |
| MORGAN, Gillian Ann | 61 Watling Street, Epsom, Auckland | ||
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| Number of Shares | 80,000 | ||
| Shareholder(s) | MCCORMICK, Paul John | 97-101 Hobson Street, Auckland | |
| MCCORMICK, Helen Ann | 97-101 Hobson Street, Auckland | ||
| KLAASSEN, Andrew David | 97-101 Hobson Street, Auckland | ||
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| Number of Shares | 73,400 | ||
| Shareholder(s) | LIGGINS, Douglas John | 32a Awatea Road, Parnell, Auckland | |
| MELLOR, Bruce Fox | 32a Awatea Road, Parnell, Auckland | ||
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| Number of Shares | 73,333 | ||
| Shareholder(s) | BODEWES, Nicolette Giselle | 24c Marama Street, Castor Bay, North Shore City | |
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| Number of Shares | 68,334 | ||
| Shareholder(s) | CURRIE, Denis Scott | Stone Road, Rd 1, Bombay, Auckland South | |
| CURRIE, Colleen Margaret | Stone Road, Rd 1, Bombay, Auckland South | ||
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| Number of Shares | 45,000 | ||
| Shareholder(s) | CRAUFORD, Nicola Lane | 8 Tisdall Street, Karori, Wellington | |
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| Number of Shares | 45,000 | ||
| Shareholder(s) | HOLIBAR, Olivia Francesca | 8 Rata Street, Blackpool, Waiheke Island | |
| TREADWELL, Beatrice Mary | 8 Rata Street, Blackpool, Waiheke Island | ||
| HARLEN, Mark Adam Holloway | 8 Rata Street, Blackpool, Waiheke Island | ||
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| Number of Shares | 38,333 | ||
| Shareholder(s) | TOMPKINS, Simon Lance Faris-Manning Trust | 33 Codrington Crescent, Mission Bay, Auckland | |
| TOMPKINS, Bridget Marie Cox-Manning Trust | 33 Codrington Crescent, Mission Bay, Auckland | ||
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| Number of Shares | 38,333 | ||
| Shareholder(s) | TOMPKINS, Simon Lance Faris-Bmc Trust | 33 Codrington Crescent, Mission Bay, Auckland | |
| TOMPKINS, Bridget Marie Cox-Bmc Trust | 33 Codrington Crescent, Mission Bay, Auckland | ||
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| Number of Shares | 36,666 | ||
| Shareholder(s) | SPEEDY, Vimu | Level 2, 6 Viaduct Harbour Avenue, Auckland | |
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| Number of Shares | 35,000 | ||
| Shareholder(s) | WILLIAMS, Graeme | 36 Holt Avenue, Torbay, North Shore City | |
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| Number of Shares | 35,000 | ||
| Shareholder(s) | PLANT, Debra Jean | 422b Whangaparaoa Road, Stanmore Bay, Whangaparaoa | |
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| Number of Shares | 33,334 | ||
| Shareholder(s) | 1967282 – SCHOLMANN INVESTMENTS LIMITED | 11 Delmar Court, Howick, Auckland, New Zealand | |
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| Number of Shares | 31,666 | ||
| Shareholder(s) | HATWELL, Mark Bain | 27 Pollock Drive, Chartwell, Hamilton | |
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| Number of Shares | 30,000 | ||
| Shareholder(s) | MEEKINGS, Joy Sonia | 840/3 Whangaparaoa Road, Little Manly, Whangaparaoa | |
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| Number of Shares | 25,000 | ||
| Shareholder(s) | BAYNE, Scott | 15 Ruia Street, Gore | |
| BAYNE, Jane | 15 Ruia Street, Gore | ||
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| Number of Shares | 25,000 | ||
| Shareholder(s) | MORGAN, Tony | Tyn-Y-Drain, Selattyn, Oswestry, Shropshire, United Kingdom | |
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| Number of Shares | 25,000 | ||
| Shareholder(s) | BROWNLEE, Rhonda | 60 Mid Beveridgewell, Dunfermline, Fife, Scotland Ky12 9es | |
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| Number of Shares | 25,000 | ||
| Shareholder(s) | LANE, Amanda Jane | 312 Seaview Road, Ostend, Waiheke Island | |
| WORRALL, Peter Malcolm | 312 Seaview Road, Ostend, Waiheke Island | ||
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| Number of Shares | 25,000 | ||
| Shareholder(s) | 1530777 – SHUNYO LIMITED | Acorn Solutions Limited, 42 Apollo Drive, Mairangi Bay, Auckland | |
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| Number of Shares | 25,000 | ||
| Shareholder(s) | WOLF, Hildegard | Schwaebisch -Hall -Str, 51, 28816 Stuhr, Bremen, Germany | |
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| Number of Shares | 25,000 | ||
| Shareholder(s) | BROOKS, Eleanor Veronica | Hillcrest, 44 Addington Road, Wilmslow, Cheshire, Sk9 2bj, United Kingdom | |
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| Number of Shares | 25,000 | ||
| Shareholder(s) | BROOKS, John David | Hillcrest, 44 Addington Road, Wilmslow, Cheshire, Sk9 2bj, United Kingdom | |
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| Number of Shares | 25,000 | ||
| Shareholder(s) | WOOD, Gary | 44 Chapel Street, Mt Pleasant, Mow Cop, Stoke On Trent, St7 4nt, United Kingdom | |
| WOOD, Jackie Wells | 44 Chapel Street, Mt Pleasant, Mow Cop, Stoke On Trent, St7 4nt, United Kingdom | ||
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| Number of Shares | 25,000 | ||
| Shareholder(s) | LINDBERG, Phillip Scott | 744 Remuera Road, Remuera, Auckland | |
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| Number of Shares | 25,000 | ||
| Shareholder(s) | ARMSTRONG, James Henry | 128b Upland Road, Remuera, Auckland | |
| MILNES, Brian Arthur | 128b Upland Road, Remuera, Auckland | ||
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| Number of Shares | 25,000 | ||
| Shareholder(s) | KINNER, Phillip James | 132 Ascot Court, Aldershot, Hants, United Kingdom Gu11 1gr | |
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| Number of Shares | 25,000 | ||
| Shareholder(s) | WILLIAMS, Michael | Flat 86, Majestic, Clifton Drive North, St Annes On Sea, Lancashire, United Kingdom Fy8 2ph | |
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| Number of Shares | 25,000 | ||
| Shareholder(s) | SPENCER, Dale Steven | 17 Wapiti Avenue, Epsom, Auckland | |
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| Number of Shares | 23,334 | ||
| Shareholder(s) | SCHNAUER, Andrew Lawrence | 222 Kitchener Road, Milford, Auckland 1309 | |
| SCHNAUER, Sally Anne | 222 Kitchener Road, Milford, Auckland 1309 | ||
| LINDBERG, Craig Francis | 222 Kitchener Road, Milford, Auckland 1309 | ||
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| Number of Shares | 20,000 | ||
| Shareholder(s) | HILL, Andrew Garwood | 66 Bayswater Avenue, Bayswater, North Shore City | |
| KNIGHT, Fiona Alice | 66 Bayswater Avenue, Bayswater, North Shore City | ||
| KNIGHTINGALE, Peter Glenn | 66 Bayswater Avenue, Bayswater, North Shore City | ||
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| Number of Shares | 18,000 | ||
| Shareholder(s) | ORR, Graeme Sinclair Nigel | 101 Queens Drive, Waiheke Island | |
| MENZIES, Catherine Amanda | 101 Queens Drive, Waiheke Island | ||
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| Number of Shares | 17,000 | ||
| Shareholder(s) | GOWER, Peter Barry | 10/119 St Stephens Avenue, Parnell, Auckland | |
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| Number of Shares | 16,700 | ||
| Shareholder(s) | SKILTON, Margaret Fiona | 105A Atkin Avenue, Mission Bay, Auckland | |
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| Number of Shares | 16,666 | ||
| Shareholder(s) | SUTHERLAND, Roger John | 97-101 Hobson Street, Auckland | |
| MANN, Garry William | 97-101 Hobson Street, Auckland | ||
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| Number of Shares | 16,666 | ||
| Shareholder(s) | HILL, Peter Gerald | 75 Margaret Reeve Lane, Te Whau, Waiheke Island | |
| HANDLEY, Catherine Elizabeth | 75 Margaret Reeve Lane, Te Whau, Waiheke Island | ||
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| Number of Shares | 15,000 | ||
| Shareholder(s) | BODEWES, Daniel Herman | 222 Kitchener Road, Milford, Auckland 1309 | |
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| Number of Shares | 13,333 | ||
| Shareholder(s) | WOOD, Susanne Mary | 5/166 Oriental Parade, Oriental Bay, Wellington | |
| FOKERD, John Edward | 5/166 Oriental Parade, Oriental Bay, Wellington | ||
| WOOD, Terence Colin Robert | 5/166 Oriental Parade, Oriental Bay, Wellington | ||
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| Number of Shares | 12,000 | ||
| Shareholder(s) | LAMB, Glenda Ann | 1/29a Taumata Road, Sandringham, Auckland | |
| HUNT, Bevan Donald | 1/29a Taumata Road, Sandringham, Auckland | ||
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| Number of Shares | 10,000 | ||
| Shareholder(s) | MOODY, Robert John | 52 Seaview Road, Remuera, Auckland | |
| MOODY, Susan Spiers | 52 Seaview Road, Remuera, Auckland | ||
| BENDALL, Donald Brian | 52 Seaview Road, Remuera, Auckland | ||
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| Number of Shares | 8,333 | ||
| Shareholder(s) | WILKINS, Kerry Frederick | 48 Messines Road, Karori, Wellington | |
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| Number of Shares | 8,333 | ||
| Shareholder(s) | PETERSEN, Richard David | 44 Braithwaite Street, Karori, Wellington | |
| PETERSEN, Deborah Kay | 44 Braithwaite Street, Karori, Wellington | ||
| LAURENSON, David Arthur | 44 Braithwaite Street, Karori, Wellington | ||
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| Number of Shares | 8,333 | ||
| Shareholder(s) | HILL, Peter Gerald | 75 Margaret Reeve Lane, Te Whau, Waiheke Island | |
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| Number of Shares | 8,333 | ||
| Shareholder(s) | HANDLEY, Catherine Elizabeth | 75 Margaret Reeve Lane, Te Whau, Waiheke Island | |
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| Number of Shares | 8,000 | ||
| Shareholder(s) | GOWER, Philippa Mary | 10/119 St Stephens Avenue, Parnell, Auckland | |
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| Number of Shares | 6,700 | ||
| Shareholder(s) | SKILTON, Margaret Fiona | 105A Atkin Avenue, Mission Bay, Auckland | |
| HORROCKS, Richard Brownlow | 105a Atkin Avenue, Mission Bay, Auckland | ||
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| Number of Shares | 1 | ||
| Shareholder(s) | WOLF-ROONEY, David | 56 Crescent Road West Extension, Palm Beach, Waiheke Island | |
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| Number of Shares | 1 | ||
| Shareholder(s) | WOLF-ROONEY, Elke | 56 Crescent Road West Extension, Palm Beach, Waiheke Island | |
The other interesting thing is they haven’t updated the news page on the iYomu site (http://www.iyomu.com/news). In fact, it hasn’t been updated since September last year. Was that the point at which they just stopped caring, or was it then that they realised that they’d caught the wrong flight?
Hope their users read Stuff…
Goodness me. Look at them all. Wish I had half the talent David had for getting investors. OTOH lots of investors can be a problem, particularly if they all have different opinions on the best way forward…
It’s a shame…..I hate seeing cool things fold….Memebrs from nz and Aussie could always go to oziwi.com
What a knocking machine
As if it wasn’t bad enough that we all lost our hard earned money..”should have known better” Hmm!!
Did you even try it ..use it?
What level are you flying at?
Peter
Sorry – but there are a bunch of people you could have talked to (the majority of whom, unlike most advisors, wouldn’t have charged you for the privilege) who would have told you why investing was a bad idea.
Easy to say after the event I know, but it’s the truth…