tier1 entreprenuer refusal

[TILLUangel]

i applied tier1 entreprenuer 0n jan 14th, but i got refusal on 3rd of june. i got the appeal form but i am not sure i wil succeed,i would like to reapply. is it possible?
the thing is that my visa was expired on 11th of feb.
the reason for rejection was 245DD(b),insufficient evidence for funds and business trading.
can anyone help me please.

[tier1in2014]

Hi what sort of proofs you have submited for your business and what is nature of your business .

[Kokopop]

Hello,what documents did u submit to show your funds?

[TILLUangel]

i provided sponsors bank letter.
i submitted sponsor let that the person X sponsoring the money from india.
1. sponsors bank letter doesn't have my name
2.sponsors bank was citi bank in india, they are saying that bank was not govt regulated or something
3.they are saying advertisement doesn't contain my name

is it ok? can i go for appeal or can i reapply
but my solicitor guiding me for appeal but i am interested in reapply.
Because they gave so many reasons and they said i got 0 points out of 75 ,so prefering for reapply.bur solicitor blindly arguing that we will win appeal. i am in confusion.

[tier1in2014]

Looks like it is going to be tuff one . I think chances are 50% for win . I heard home office has dropped Reason of name on bank letter for someone in court . Wait for others reply on this .