Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
On 8 December Inspirit (INSP) announced that “it has entered into a short-term, un-secured debt facility of up to US$250,000 (approximately £205,075). Under the Facility Inspirit will be initially drawing down US$80,000 (approximately £65,624)” It contained the standard lie that AIM and Standard Listed dogs regularly trot out when raising funds to pay for ongoing losses namely “the proceeds of the advance are for general working capital.”
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