Previously writing on “data science and machine learning” technology company Insig AI (INSG), last month I concluded is there a funding reason for such an announcement to now be made?, I suggest very much caveat emptor here. Avoid/sell. Today trading, collaboration and “equity subscription” announcements.
A “New Contract Win” announcement from Insig AI (INSG), commencing that it “is pleased to announce that a London based alternative investment manager with in excess of $1 billion of assets under management has signed a consultancy agreement that will draw on Insig AI's fintech data science capabilities”. Sounds good, and what of a share price response currently up to 18.25p?
Previously writing on “data science and machine learning company” Insig AI (INSG), in August with the shares at 22p I noted that, despite being down from above 40p when I previously wrote, with further access to finance looking to be required still avoid / sell. So what now on the back of a “Trading update” – and the shares currently further down to 18p, a £19 million market cap?
’Data science and machine learning’ company Insig AI (INSG) has announced “a fourth tranche of £160,000 was drawn down on the convertible loan facility provided by Richard Bernstein… a third tranche of £80,000 was also drawn down on the same day, on the convertible loan facility provided by David Kyte”. So what’s the overall situation here now, with the shares currently at 22p?
“Data science and machine learning solutions company” Insig AI (INSG) “is pleased to announce that it has signed a data partnership and research agreement with Blurred Global - a strategy advisor on ESG positioning and corporate communications… that work with FTSE 350 corporations”. So what of a current more than 5% share price rise to above 40p?...
Insig AI (INSG) “is pleased to announce that a London based alternative investment manager with in excess of $1 billion of assets under management has signed a development contract to deliver a centralised cloud-based data infrastructure”. With also a trading update and board changes, what of a current 28.5p share price?...