Inspirit Energy Holdings – How Long Can The Company Survive As Yet Another Breach Is Noted By Companies House

I haven’t commented on AIM-listed Inspirit Energy Holdings (INSP) for some time – not since June 2021 although Tom Winnifrith stuck his boot in over Christmas 2021, identifying a stack of ginormous new Red Flags. But the recent Interims (to 31 December 2021) and yet another breach of the law by the company (presumably at the behest of AIM’s worst FD, Mr Nilesh Jagatia, whose past sins appear to include charging his shopping at Sainsbury’s on a company credit card) drew my attention.

EXPOSE: Inspirit Energy Holdings – shocking accounts and bailout discounted placing ahoy

Inspirit (INSP) snuck out its piss poor results on 29 December at 5.30 pm and today sees its shares down around 14%. You don’t need to be Mystic fecking Meg to know what comes next but a detailed interrogation of those results throws up some ginormous new red flags.

Inspirit – Volvo Marine news from the Boiler Room

AIM-listed Inspirit Energy (INSP) has graced the market with an update from the boiler room with regard to the new waste heat recovery system  for the application on the Volvo marine engine. Ooooh, the excitement……

Inspirit Energy (#INSP) – jam tomorrow “Operations Update”

Inspirit – Time for more Beer and Popcorn in the Boiler Room?

I’m not sure what is going on at AIM-listed Inspirit Energy (INSP) but I notice that a new holder has appeared in the form of Monecor (London) Limited, which now holds 10.3% of the equity. Monecor is better known as ETX – a spreadbetting firm.

Inspirit Energy – another discounted keep-the-lights-on bailout from the Boiler Room

AIM-listed and technically insolvent as at Christmas Inspirit Energy Holdings (INSP) has announced yet another discounted placing this morning, raising £500,000 at a price of 0.05p per share, to keep the lights on. That, against a closing price yesterday of 0.06p yesterday means the discount was 16.7%, although for some curious reason the stock has been sliding since May 17 when it was 0.07p. But naturally enough, since this is AIM there is no chance of insider dealing.

Inspirit Energy (#INSP) – £0.5m bailout placing at 0.05p per share, with warrants

Inspirit Energy – Yet Another Companies House Failing from the Boiler Room

Oh dear, oh dear – I would have thought that the board of AIM-listed John Gunn enterprise (or lack of it) Inspirit Energy Holdings (INSP) would have learnt by its previous errors. But alas, no. For five of the last six years, Inspirit has missed the deadline for filing its Confirmation Statement or Annual Return……and guess what?!

Inspirit – Have you forgotten anything recently, and what about those GIS Debentures?

With all the law enforcement hassles over at Octagonal plc (OCT), which shares the Chairman, CEO and Finance Director in the same roles as at AIM-listed Inspirit Energy Holdings (INSP) one might imagine that their attentions are rather taken up at Octagonal. After all, being charged by the SEC in the USA is a serious matter which could have devastating consequences. So I wonder if anything has been forgotten…….such as this:

Inspirit – Pressure builds as a non-entity of a statement is released. SELL!!!

At 1.25pm AIM-listed POS Inspirit Energy (INSP) issued a statement relating to fellow AIM-listed Octagonal, where its CEO and Chairman John Gunn, and Finance Director Nilesh Jagatia also reside in the same roles,  whose subsidiary,  Global Investment Strategy is Inspirit’s sole broker – the very same subsidiary which has been charged by the SEC – alongside John Gunn, for aiding and abetting – with violating US broker-dealer registration provisions of the Securities Exchange Act 1934. Given that Jagatia and Gunn make up two thirds of the board of Inspirit, there clearly is a problem here!

Red Flags upon Red Flags at Night: Inspirit Energy

The pressure must surely be mounting on Roland “Fatty” Cornish as he tucks into his fourth helping of spotted dick with extra lashings of custard this Sunday lunchtime. The shambles at AIM-listed Octagonal (OCT) where he presides as (London’s worst) Nomad is a shocker, as detailed by Tom Winnifrith HERE. But fellow AIM-listed Inspirit Energy (INSP) – same Nomad, same finance director, same head honcho in the form of John Gunn – is surely at risk of suspension this coming week, and it released diabolical FY results to June at 11.22 am on Christmas Eve.   

BREAKING: Inspirit shares MUST be suspended as SEC now files charges against Octagonal and John Gunn suggesting massive RNS lie

On Christmas Eve Octagonal PLC (OCT) and John Gunn issued an RNS which is, with the document below, indicates to be a monstrous lie. The Nomad who signed it off, Mr Roland “fatty” Cornish is – as I showed HERE and HERE  - massively implicated in this mess and should be struck off by AIM Regulation asap. But back to the Christmas Eve RNS. It looks to be a massive lie, surely now shares in Gunn’s other AIM listed dog, Inspirit (INSP) must be suspended too.

Inspirit – An odd turn of events in the Boiler Room……or not!

Chris Heminway has called for an EGM to boot off one member of the board of AIM-listed Inspirit and see himself and one other elected instead. In response to the onslaught, Inspirit has suddenly sprung into action, announcing two deals which saw the shares roof it.

Inspirit – pile up the beer and popcorn, it’s Entertainment time in the Boiler Room on ramptastic news of a "product update"

Yesterday AIM-listed POS Inspirit Energy conceded that Chris Heminway’s call for an EGM had been successful and that a vote on whether to bring Mr Heminway and one other onto the board at the expense of an existing NED will take place on 27^th November. It was also announced that Mr Heminway’s holding had again increased, now to just over 9%. But Inspirit has now played its own hand with a “Product Update”.

Inspirit – Boiler Room Battle takes a shocking new turn

Suspicions that the shareholder register of AIM-listed Inspirit Energy (INSP) were not correct were confirmed yesterday lunchtime (the new no-one-is-watching o’clock) when the company admitted that CEO and Chairman John Gunn’s total interest was not 28% as previously claimed on November 25 last year, but 25.4%. Needless to say, the original announcement was signed off by Inspirit’s hapless Nomad, Roland “fatty” Cornish – the worst Nomad in town.

Inspirit Energy – Let's solve a problem (that does not exist)

I note the comments from my colleagues on this site – Nigel Somerville most recently yesterday and Tom Winnifrith in bearcast yesterday on Inspirit Energy (INSP). I concur with the general thrust of the views expressed – crap management and sod all progress over many years. I also note the rebel shareholder and his background. I wish him well. But I suspect the whole idea is bonkers based on technicalities and politics...

Trouble at t’ Mill brewing in Inspirit's boiler room as 6.5% holder launches blistering attack

AIM-listed boiler-room Inspirit Energy (INSP) has been a long-term non-performer on the Casino ever since the reversal of its technology (having failed as a private company) was reversed into Kleenair Systems in 2013. Almost anyone who has had the misfortune of investing here will be nursing very heavy losses, and the company seems to have little or nothing to show for the last 7 years as an AIM Casino chip. But now the company is under attack from 6.5% holder Chris Heminway, who launched a scathing attack late on Monday via the RNS system.

Inspirit – for the FOURTH time, where is your Confirmation Statement? How long ‘til Companies House threatens to strike-off the Boiler Room?

On 5th June I flagged up that AIM-listed POS Inspirit Energy (INSP) had again failed to file its Confirmation Statement (the new Annual Return) to Companies House by the due date of 30 March 2020. I repeated the call on June 8^th and June 16. Well, here we are on June 28^th and there is still no filing! Hello……is there anybody there….?

Inspirit Energy – for the THIRD time, WHERE IS YOUR CONFIRMATION STATEMENT?

On June 5^th I flagged up that AIM-listed POS Inspirit Energy (INSP) had again failed to file its Confirmation Statement – the Annual Return as was – to Companies House on time. It was due on March 30^th. On June 8^th I flagged it up again, suggesting that perhaps it hadn’t filed it because nobody cares over at Inspirit Towers. Well, here we are on June 16^th and guess what……it still hasn’t filed it!...

Inspirit – Bull**** Update from the Boiler Room

AIM-listed Inspirit Energy (INSP) has today issued an Operations Update in response to my piece on Friday, when I pointed out that yet again the company had failed to file its Confirmation Statement to Companies House on time, and wondered whether the appearance of Mr Christopher Heminway on the shareholder list might presage yet more bad news for Inspirit’s lobster-potted shareholders...