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Waht did he expect? It's a Choreographed TV show and you can bet there'll be clauses to prevent deals made on camera as 100% binding. He would have been made aware of that before appearing on the show.

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smeggypants wrote:Waht did he expect? It's a Choreographed TV show and you can bet there'll be clauses to prevent deals made on camera as 100% binding. He would have been made aware of that before appearing on the show.


Yes, they always go through due diligence afterwards. They mention this in the show often. Anything could have happened, for example a load of debt could have been found in his business that wasn't declared, or the orders he said he had didn't exist. Could be any number of things that made the value of the business less than first thought.

It would be mad to have a binding agreement to invest when there is no evidence of what the person pitching for an investment is saying is true. Things need to be checked out by the investor afterwards.



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Scott Nelson wrote:Perhaps a show should be made about which Dragons have pulled out of deals thus causing a lot of stress and trouble? :rolleyes:


All of them will have done it I imagine. They have 'What happened next' type shows. They often say this deal didn't go through because of X. Sometimes it's a dragon that pulls out after due diligence and sometimes it's the person that pitched for the investment.



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Wouldn't be very entertaining for the viewing audience if the program included 'highlights' of days of accountancy action as they forensically test the business records. People would learn a fucking sight more though if it did though.

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It's a game show, on television for profit through the viewing figures.
Everybody participating signs a disclaimer before anything is filmed. Texas Joe obviously missed part of the brief.

You'll try to convince us Russell Brand is a comedian and versatile actor next.

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and as for that other choreographed bollocks..... The Apprentice. At least you can ogle annoying but fit young women on it. :)

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smeggypants wrote:and as for that other choreographed bollocks..... The Apprentice. At least you can ogle annoying but fit young women on it. :)


You ogle the truely appalling Katie Hopkins if you want to.

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