I believed in Insetco (INC) briefly but then warned folks to sell quite explicitly as new information came up. I labelled it a bargepole stock HERE - you cannot say that you were not warned. I can only hope that the BB Morons who say they buy everything I say sell did just that. The moral here...
When a company issues bad news after hours the reason is so as to try to slip it out with nobody noticing (futile these days, it simply draws attention and gives sad individuals like me an excuse to start digging – see yesterday’s piece on Rurelec HERE). Secondly, it is just a damned insult to the shareholders who the company management supposedly work for. Yesterday, after hours – at almost 6pm on a Friday when everyone really has gone home for the weekend, out came not one but two bad news announcements.
On April 2nd AIM Listed Insetco (INC) announced that its Nomad and broker Cairn was to quit on May 2nd and that it was seeking a replacement. I warned you back then that you should sell as this company reeks of Terry Ramsden and is a dog. Well today came news that Cairn has now resigned with immediate effect and the shares are now suspended on the casino.
The Nomad to Insetco (INC) quit today. I now have more to reveal on this in this podcast special and I bring to your attention the conman crook Terry Ramsden (do a Google search). This is a bargepole stock.
Okay this has been a very bad tip so far. The shares are now just 0.09p in the middle. Should you buy more, hold or cut losses. We apologise for the delay but after taking it through with the management but also trading partners we have an answer.
The final company presenting at the Shareprophets seminar on 2nd February was Insetco (INC). The boss of this AIM listed turnaound is Ivan Couchman. With RMPC owning shares I had a few questions at the end.
This is our most recent share tip for paying subscribers and although up on that tip it is still a buy and is our second tip of the year. Insetco (INC) has been one of those horrid little stocks that curse the bottom end of AIM. Always promising jam tomorrow, always raising money and never delivering. However over the past six months it has gained a new management team, sorted out its balance sheet, started to win big business and it could well be THE recovery play of 2015. It is our second tip of the year at a 0.17p offer with an initial target price to sell of 0.32p.
