Inspirit – More Piles Of Confetti, Massive Discount And A Rule Breach
By Nigel Somerville, the Deputy Sheriff of AIM | Tuesday 14 November 2023
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.
AIM-listed waste of space Inspirit Energy Holdings (INSP) announced the issue of two billion bits of confetti this morning – to raise just £200,000. This, of course, will only keep the lights on for a short period – and then there will be more confetti. The discount was a whopping 33%: for such a small issue, that shows what a POS the market thinks Inspirit is.
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