Most of you will have heard of J2o, the overpriced fruit juice sold in pubs. But how many have you heard of J2C?
Bloggers will remember the dot com gold rush and the obscene amounts of money that changed hands on the back of the dot com boom. It seemed that an internet millionaire was born everyday and we were fed a diet of get rich quick schemes.
Entrepreneurs in the North East got in on the act and even the present chairman of David Miliband’s Labour constituency party and former MEP, Alan Donnelly wanted a piece of the action.
He invested £1,250 in a company called Just2Clicks.com (J2C) and following a quick flotation he turned his investment into a paper fortune of £1.5 million in just 7 weeks.
The company promptly went into liquidation leaving many investorss out of pocket with some fairing better than others. At the same time the founders and directors and those investors in the know did very well out of the scam and pocketed millions of pounds between them.
There’s still a lot of questions that investors would like answered so how about it Mr Donnelly do you fancy telling them what really happened?
Whilst your thinking about it, Mr Monkey is delving a deeper and will be posting on this subject again.