Inspirit – what’s going on in the Boiler Room? And (oopsie) what is not….

Share in AIM-listed Inspirit Energy (INSP) have been on a bit of a roll. On 22^nd May the shares had been friendless at 0.025p per share when all of a sudden the stock started to rise – and they closed yesterday at 0.045p, having been as high as 0.065p. The excitement seems to have been the appearance of Mr Christopher Heminway on the shareholder list, who popped up yesterday with 3.32% of the company and the BBs went into a lather. Meanwhile, on Companies House, I see that the company’s Confirmation statement is once again late – by two and a half months. Oopsie……

News from the Boiler Room – Inspirit releases interims: how long ‘til lights out, and whose cash is it anyway?

AIM-listed serial dog Inspirit Energy (INSP) released its interims yesterday at 2.33pm and it is same old, same old: the bills keep on coming in but where's the progress on its boiler? And when will the cash run out? – and why was its broker - a subsidiary of housemate Octagonal plc - holding such a proportion of its cash?...

News from the boiler room: Inspirit Energy – 2.35pm Christmas Eve Eve results show what a POS it is

If you know your results are so poor they will be an immediate sell signal to even the most diehard of investors, the best time to release them is at no-one-is-watching o’clock. In theory, peak no-one-is-watching o’clock lies on Christmas Eve, especially after-hours, but with our annual watch on such matters perhaps Christmas Eve is not quite the best time to tell investors what a total POS your company is. And so AIM-listed Inspirit Energy (INSP) released its full year numbers to June 2019 at 2.35pm yesterday: truly the behaviour of pedants. But ShareProphets, always eager to share what companies do not want you to know, was indeed watching and the numbers were truly dire.

Inspirit – loan conversion from the boiler room but when’s the (yet another pump-and-dump) placing?

This morning AIM-listed Inspirit (INSP) offered up a cheerful RNS stating that £804,000 worth of convertible loan notes were being converted at 0.07p (the minimum price possible) and that thus the Company has substantially reduced its debt close to zero and we hope that this reduction in debt will provide the right base from which the business can now grow. The implication is that all is well…..until you look at its last stated results, the interims to way back last December. "Growth" my foot!...

Inspirit Energy – last week the pump… and now (natch, & as previously warned by Nigel Somerville)…

In August Nigel Somerville wrote on Inspirit Energy (INSP) including noting a required, desperate (and so deeply discounted) placing. Last week it soared following an “Update on product application and the mCHP Boiler”. Today, natch, “Placing”…

Inspirit Energy (#INSP) – raises just £0.3m at just 0.12p per share

Inspirit – anything to tell us?

SVS, which is now in special administration, was the sole broker to AIM-listed Inspirit (INSP) so it is now operating without a broker – contrary to AIM Rule 1, which technically means it should be suspended forthwith. You might think that a little harsh, since there is no way Inspirit could have known its broker would have the lights turned out for it by the FCA all of a sudden. I daresay AIM Regulation is allowing a grace period for former SVS clients to sign up with another spivvy bottom-end of AIM broker. Inspirit announced on Monday that it would make a further announcement in due course, noting the demise of its (now former) broker. But here is the thing...

Inspirit – finally gets around to confirming our scoop of last week with a load of tosh

AIM-listed POS Inspirit Energy (INSP) has finally woken from its slumbers and confirmed our scoop of over a week ago, that it has vacated its factory. Apparently it is in the process of moving its facility  to Poland. Well it might be in process but it seems to be taking a long time for last week we know that its Sheffield factory had already been vacated and leased to a new tenant. And then there is the strategic review…..

Inspirit - About AIM Rule 26......is this a slam dunk breach, Nomad Roland Fatty Cornish?

As you will see below, it appears to be some time since AIM-listed POS Inspirit Energy (INSP) updated its AIM Rule 26 webpage. As far as I know, according to AIM Rules, it is supposed to be updated at least every six months but as you can see it was last updated on 26 June 2017. Has London's worst Nomad, Roland Fatty Cornish, really been out to lunch for the last year-and-a bit?...

Inspirit – (an insolvent crock of shite) is there something else you are not telling us?

First we had a monster rise in the share price of AIM-listed POS Inspirit (INSP). Then yesterday Tom Winnifrith showed us that its factory appeared to have been vacated and re-let to someone else. But there is another small matter…..

Inspirit ( an insolvent crock of shite) - is there something you are not telling us?

Inspirit (INSP) is technically insolvent and worthless but is there something it is not telling us? I suggest you to examine the screen shots below.

Does anyone have a Scooby as to why Inspirit is sharply higher?

I have to admit it: I haven’t a clue why shares in AIM-listed Inspirit Energy (INSP) are hugely up today. The shares opened at 0.0225p and motored as high as 0.055p. They currently sit at 0.045p, up 100% on the day. But there has been no news and I am not aware of any imminent news. So why is the stock up so strongly?

Inspirit – Pleased to announce interims. It shouldn’t be – SELL.

News from the boiler room this morning is that AIM-listed Inspirit Energy (INSP) is pleased to announce its interims. I’m not sure why – they are awful! But perhaps the pleasure relates to the fact that they are out at all, for the numbers show a deficit of net current assets. Is it bust yet?

Inspirit – FY18 Results from the boiler room

3.28pm on the Friday between Christmas and New Year is hardly the time to release your results unless they are really bad, and so it proved with AIM-listed Inspirit Energy (INSP). This is a company which, let us not forget, has been developing a revolutionary boiler (where is Neil Woodford?) since it listed via an RTO on the Casino way back in 2013 – after it was rescued from administration. The original company dates from 2010. So how are we doing in 2018?

UPDATED/CORRECTED: Inspirit – Issue of Convertibles RNS = share capital reorganisation

We have been calling out AIM-listed Inspirit Energy Holdings (INSP) here on ShareProphets for an age: we reckoned the boiler room had no cash and its shares were below nominal. On Friday, at 2.54pm, as the market was getting ready for a nice sunny bank holiday weekend (talk about no-one-is-watching o'clock), up popped an RNS entitled “Issue of Convertible Loan Notes”. It is only after reading the whole RNS that you realise that they are proposing to split the ordinary shares of 0.1p into one ordinary share of just 0.001p and a deferred share (with no rights) of 0.099p. Oh, and incidentally, where is the Confirmation Statement on Companies House, which was due on 30 March?

Inspirit – or insolvent? 2017 Interims

AIM-listed Inspirit Energy (INSP) has released its interim accounts to December 2017. We are told the company is pleased to announce its interims. What there is to be pleased about rather escapes me – the company is drowning in payables and has hardly any cash left (if any at all).

Inspirit – all’s quiet: signs of a problem?

I note that things have been very quiet of late over in the boiler room of AIM-listed Inspirit Energy (INSP). Normally that might be seen as a good thing – the company quietly getting on with making shareholders money, and not getting bogged down in ramptastic RNSs. But I wonder if there is a nasty brewing here...

Inspirit - time for another placing to stave off insolvency don't you think?

We have had no news from the Inspirit (INSP) boiler room run by John Gunn and once graced by the great Dave Lenigas since its last placing completed in early September. By my maths the company is once again insolvent so how about another placing Mr Gunn? As a reminder of the maths...

News from the Boiler Room - £300k placing at 0.12p, conditional on GM at Inspirit

7.45am Tuesday brought news of a placing by AIM-listed Inspirit Energy Holdings (INSP) for just £300,000 at 0.12p. Even that figure had to be propped up by a £50,000 contribution from (corporate Red Flag) CEO and Chairman John Gunn. It won’t last long, even if they get it through a general meeting to allow it to happen.

Inspirit (#INSP) - news from the boiler room, hires London's worst Nomad - Fatty Cornish - as adviser, more red flags vicar?