Balex Marine, Snowball crowdfunder participant, sunk by high costs, slow sales The failure is the first by a company that's used Snowball's platform to raise funds. BusinessDesk Wed, 17 May 2017 Balex MarineboatCrowdfundingTaurangaKenneth Brownpaul manningliquidationSuelexsnowball effectSimeon BurnettUkSouth KoreaBDOPaul SymesEnterprise AngelsNZVIFice angelsCallaghan Innovation