“Well whose fault is that?! Stop bloody moaning about it and do something about it!”
Russell Quirk has a way with words.
In this third and final part of our video series he talks frankly about the demise of emoov, how he dealt with the subsequent public and very personal criticism, and why he had already started a new PR firm.
Comments (12)
Johnny seems like is a nice guy who I’m sure is kind to his family and friends but hopefully someday, for his benefit it best come soon, he looks back at this gushing apology of an interview style and realises that when he’s dealing with a shister he needs to call the shister out!
RQ is an absolute disgrace. A gross self publicist and fake it till you make it attitude who flirts with other charlatans.
RQ literally says that the was looking to pay himself, from clients and investors monies, while eMoov was in the process of going under. You get it? He was looking to raise money from investors, persuaded poor Stockholm syndrom struck Adam Day to leave his job and join a ship that was not sinking, but already on sea floor, while thinking how he can extract more mnoney from the investors. Is it legal? could be. Ethical? hell no.
Any person doing business with this man (Benham Reeves I’m looking at you) is showing their true (lack of) values. And also a fair amount of poor judgement, choosing to do business with the UK’s worse business person of the 21st century.
Agreed PG
He literally can’t help himself. Enough evidence there for any investor suckered in with the Crowdcube spiel ,any house seller handing over an advanced fee that this was a company running on empty to present a case
The investment in the merger which never materialised
CROWDCUBE SPIEL
“In contrast to our last campaign, we already have the foundations in place to put our sights on an IPO. However, we wanted to offer one last opportunity for non-institutional investors to support the enlarged company, and to benefit from the anticipated uplift in value that our continued success is likely to deliver.”
The company had generated just £2.2 million in the 12 months to April 2018 after growth completely stalled.yet in the documents given to investors, Emoov forecasted revenues of nearly £14 million for the year to April 2019 – a rise of more than 500 per cent.
Over 1,000 investors stumped up £1.8m in July .
Within I month AUGUST after trousering investors cash he says
“Talk of a listing is premature, he adds”
In September he had his knuckles wrapped for this misleading statement by the ASA
“Be Vigilant – High street estate agents’ commission is daylight robbery. Use our commission calculator to see how much you could save with Emoov.”
Those poor saps having handed over in Dec 2018 didn’t save a bean
This was Simon Bradbury;s comment yesterday
I’m very impressed that someone can cope with so much pressure and keep fighting!
Most people are impressed with someone who display acts of integrity and humility
Anyone seen confirmation in the Administrator’s report for Emoov that a report relating to the conduct of the directors has been prepared and submitted? I’ve seen them confirm it’s their statutory duty to investigate and report on this aspect of the process.
The question nobody asks is did this money actually arrive in May £15m &in addition a multi million sum from Sky which was flagged up in the pitch in Crowdcube as RQ later said that someone didn’t stand on
If it did and with the additional £1.8m from Crowdcube in July how come it disappeared so quickly?
If it hadn’t arrived in full he was duty bound to have told Crowdcube investors having pitched with this
This has never been satisfactorily answered .
“The merger with Tepilo and Urban, which completed in May, attracted an additional £6 million from existing shareholders plus £9 million in media for equity across Sky and Channel 5, and a multi-million pound sum from Channel 4 in return for a stake in the combined business.”
So the final episode and today’s lesson is” Don’t worry about failure ” especially when you don’t have to suffer the consequences.Leave that for someone else
Starstruck Jonny “I don’t see Emoov as a failure”
“Do you think you will grow a company to how big Emoov was ”
Forgetting of course that was an illusion
The £100m “valuation” flaunted in the summer of July 2018 within months turned into a very real negative value of tens of millions
Never mind !
“At the end of the day,every child has learned the lesson of spin.Almost every wrong action can be stripped of consequences along with the need for feelings of guilt & remorse ” Bill O Reilly
So today we learn that prior to the Crowdcube money heist in July 2018 and the lashing together with the other distressed ship Tepilo thoughts of “the 5th most influential man in property” were already turning to PR
Fair play he had already spun a great story to hook the investors
He then goes on to admit that “as we were getting to the end of Emoov ” the PR company was set up The writing already on the wall whilst still presenting a different face to the world that there was hope of salvation
Rock on another 2 years with the latest administrators report which come out in July this year still dealing with the wreckage,casualties and consequences
It makes salutary reading .Like a cross between Brothers Grimm and Edgar Allen Poe
Whilst Headphones admits to his Missus in the autumn of 2018 it looks like Emoov can’t be saved they were still accepting advanced fees from house sellers monies from uninformed sellers
According to the administrators report In July they were holding £1.5m of house sellers money. in December 2018
£14.6m of unsecured creditors
The largest unsecured creditor being Sarah Beeney’s Tepilo with a whopping £8.7m
It looks like poor Sarah never got a “beanie” in the merger
in the candyfloss illusory £100m valuation of the merger flaunted to the unsuspecting investors at Crowdcube
Reeled in with this strapline
Emoov gives crowd ‘last chance to invest’ ahead of IPO
In less than a month that can was firmly kicked down the road as the monies just required to keep the lights on
Yesterday a comment was received from an estate agent whose mission statement is honesty and integrity that he was”very impressed by Quirk
Really?
”
The lesson – If you can fake a sincere openness and also agree a PIE sponsorship, people might forget how many victims suffered inthe process and how many decent people lost their jobs out of one person’s narcisit behaviour
I appreciate that most contributors to this page will totally disagree, I really do ( and I do not say the following to be controversial, it’s just what I think ) but…
… I found this entire interview utterly absorbing and I for one learned a lot.
Thanks to all concerned!
it’s ironic when you were tweeting Seth Godin’s blog about ‘unacceptable’ Russel Quirk was trolling Juilian O’Dell for having an empty diary.
Julian being the gentleman he is reminded Quirk the reason why in the most dignified way he could. Prior to that Quirk attacked the incoming head of Propertymark with a nastiness that likened him to a Burnley taxi driver attempting to take Lewis Hamilton’s drive at Mercedes.
Some people have an unfortunate way of conducting themselves and some people find that unacceptable.
Ok but can anyone tell me who Jonny Palmer is?
A nobody.