There is more to come on all of this – the information out of Ms Bouchers affidavit raises some interesting questions.
The Buyout of Stuff
So did Stuff just rely on the PIJF?
Or was it just good luck to buy the business for a buck ??
Why does this not add up
Interesting confirmation from the owner of Stuff, Sinead Boucher who confirmed that, “I do not have any other funders, secret backers or non-secret backers – or anything like that.” Potential backers were however in the picture when the sale was confirmed three years ago.
Boucher confirmed as much in affidavit evidence given in connection with a legal challenge to the sale stating, “The announcement of Ms Boucher’s purchase of Stuff has been well received by … potential investors and venture partners.”
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