Sports4cast is AIMless
Nagging story that makes you think
Sport4cast has delayed its admission onto the Alternative Investment Market (AIM) due to the current "market conditions".
The British sports forecasting and betting outfit was due to be listed tomorrow. It has not said when it will seek admission again.
In the meantime it is looking for interim fundraising by private placement. The cash will be used to improve the operation.
As its name implies, Sport4cast is a prediction service. It claims to use the "latest computer technology to analyse an extensive database of sports results, identifying data patterns and selecting winners".
"Sport4cast Racing consistently produces more profit from its forecasts than any other prediction service with published results," it boasts.
Well, if it's that good at predicting winners why does it have to seek investors in the first place? Surely, all it needs to do is chuck a monkey on the 2.30pm at Kempton Park and wait for the bookies to cough up. No? ®