The message and proposed product sound great. The drop in SP is alarming as little impetus or real communication from the management. However, the appointments suggest that things are changing (either that or it's just another case of jobs for the boys at PI's expense!!). Holding tight but grip is loosening but I hate selling at a loss.
I was just looking at Inspirit because it is cheap and I think there is a massive massive market for this type of product, so its more to do with fundamentals than people, but Inspirit hired some industry chaps so I think they are worth backing. David Lenigas and John Gun are the finance people, so i guess they can get the money. I just like these technology plays and I like this one. If it can get its first boiler successfully completed then I think this stock could do very well indeed. I am thinking of this as the next Dyson
Must be worth buying into this one right now, looks cheap given that maybe the next RNS would be the news of completion of the construction of their first bolier. I thought it was timely the fact they hired two big hitter marketing people. I guess they would not have joined unless they had something ti actually market
I originally bought at 1.4p then watched it spiral down and down and down. Eventually gave up and sold at 0.6p so made quite a painful loss here. Only wish I'd got out sooner, calling this share a dog is apt.
Even at 0.3 the mcap would be over £2m and that's £1.5m more than it's worth imo. When you consider it has no product, no customers, no cash, unable to meet deadlines and factor in a high cash burn and you've got a dog with fleas.
I did make some decent profits from this last year.
Most AIM shares start high and end up right at the bottom only a very few make it back up. I suppose the boss treat it like a self employed job and if the job comes to an end they find another one. DL has got all his jobs at the same time.
Marine, I would say you will be pleased rather than apologetic over time for your decision. As I say below, in terms of investor psychology when markets are spooked, many investors will look at their portfolios and opt for capital preservation. In rising markets, gains elsewhere would mask dogs like INSP or make investors view it as a wild card which will be a bonus if it comes good and left to lie in hope if it doesn't. Therefore in my view you are not maverick in selling but part of an orderly queue for the exit. Personally I am using this share as a template for all the reasons not to invest in a share and hope I never have a similar investment in the future.
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