There appears to be some unusual statements regarding the unusual PledgeMusic liquidation bankruptcy currently underway in the UK involving at least one of the Pledge companies, PledgeMusic.com Limited. In a nutshell, Mr. Benji Rogers (who is very quick to haul out the implied, ostensible or actual invisibility cloak of working on a “voluntary basis”) has […]
PledgeMusic had posted this information on their website when we checked today: As a result of the making of the order, the Official Receiver becomes liquidator of the company. Any enquiries should be forwarded to LondonB.OR@insolvency.gov.uk, quoting reference LQD5671373. We gather that what that means is that if you are (1) an artist who is […]
The UK Insolvency Service has responded to MTP and the Trichordist regarding the PledgeMusic bankruptcy.
I commend to you the fantastic and detailed analysis of PledgeMusic’s open source financials created by Eilonwy’s emu (@myemuisemo) that is a real eye opener.
It turns out that Pledge’s notice that they were working on “the most appropriate next steps” actually meant “we already filed for liquidation weeks ago suckers!”
What are the chances that PledgeMusic will just disappear into the night, never file bankruptcy and never pay back the artists, fans and vendors? The less you talk about Pledge’s misdeeds, the more likely they simply are never pursued by anyone.
A short review of the Pledge Music crowdfunding debacle.