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I suppose most people will probably feel the same about the presentation as TW expresses. Ivan -honest chap but with fairly poor presentation skills. It almost makes one wonder how they talked Merico into going with them for these contracts. Anyway, to top up or to hold. Hold for me. These blessed Loan Note Converters aren't going anywhere quickly.
Is this one of them shares where u wished you had added more? If a contract comes and it is one of many to follow then yes it will be but in the meantime we are all getting annoyed at this loan note jiggery pokery. I may buy more tomoz 0.087 will mean I need 0.125 to break even.......dare I buy more, it seems like the logical thing to do prior to this first contract.
Didn't know that, don't subscribe. if Monday's was ramp it clearly didn't work:)
Exact same update was posted on HotStockRockets on Monday by TW, for subscribers. Hope the $300k lands fairly soon to rejuvenate the SP. Word has it that it's coming very soon then ..
Posted on Shareprophets this afternoon...... Okay this has been a very bad tip so far. The shares are now just 0.09p in the middle. Should you buy more, hold or cut losses. We apologise for the delay but after taking it through with the management but also trading partners we have an answer. The first piece of news came a week ago with Insetco (LSE:INC) saying that the $300,000 it was due to receive by December 31 for its first contract had not yet arrived as the client was yet to complete due diligence. We view this as a when not an if and can understand why investors might be spooked but on the basis that the cash will come we are not bailing. On the same day CEO Ivan Couchman gave a presentation at a ShareProphets seminar – you can watch it HERE. Let’s not beat about the bush, it was not good. It will not have prompted anyone to fill their boots and might even have prompted a few sellers. Mr Couchman may know his onions at an operational level and strikes us as honest but he is City naïve and we understand that moved are afoot to appoint a City credible NED who will put a far better face on matters. We support that big time. Finally we learned that folks owning £100,000 of loan note had asked to convert at 0.1p per share. Oddly the shares fell before that and at this end of AIM we reckon that almost certainly means the spivs were selling a few shares ahead of conversion to lock in gains. So where now? We expect the $300,000 to arrive a lot sooner than the “during Q1” Mr Couchman said during the seminar. Having been caught with his trousers down once on this sum we think he is underpromising to over-deliver this time. And we also expect other contracts to follow. On the maths Mr Couchman explained when quizzed by TW at the end of his formal presentation that makes the shares look cheap. It is of course possible that this is all smoke and mirrors. But we view Couchman and co director Barry Heath as honest if a tad rough around the edges. Backing them we suggest that you average down. Premaitha and Optibiotix dipped after we tipped them but are now flying we expect Insetco to do the same. Buy.
Cant understand how a placement was done for 0.15p not so long back why did that company pay that much ? There is something rather sinister going on here. The sooner that new contract arrives and the 300k the better.
Your right,nobody has a clue but it's my gut feeling and,.7 is just my guess here now.I no I said,.9 but it's just come to quick and with all those new shares!
why .7 ? nobody knows if we are going to shoot up or come further down, unless they have crystal ball
I said I would be a buyer at,.9 now it looks like,.7 is more realistic.
I am sorry j, But looking at the time it was executed , it is a sell ! Metal
just popped up at .09 hmm is it time to get back in?
800K Market cap ,plenty of upside here, tell me a share on Aim that doesn't have risk, more buys than sells and a drop,happens all the time on Aim, too many investors micro manage their portfolio, and are on these boards 12 hours a day, happy to put these away and see where we are in a few months, whether i am in here or any other Aim company there is always a chance of losing the lot or making alot, just gambling really and nothing is guaranteed, just don't put the mortgage money on the Aim casino.
unless you know that you are expecting shares at 0.1 and have tried to pre sell them in the market an in doing so have reduced the price, albeit your overall average would have been above 0.1 and you would have made a quick profit compared with holding the debt. It is worth noting that this is illegal if proven! This would also explain the amount of sudden liquidity for a prevously thinkly traded stock
either somebody needs cash fast, in which case there could be considerable selling pressure when the new shares are admitted (tomorrow) which could take the price even lower ....or....someone's expecting imminent good news and wants to take advantage of the resultant price rise, in which case some selling also but at a much higher price. No other reason for converting to equity from debt which, even unsecured, is safer and pays interest.
There is something going on......all this buying pressure and the SP goes down. Doesn't look good in my eyes =/
Application will be made for admission of 100,000,000 new ordinary shares in the Company to the London Stock Exchange which is expected to occur on or around 12 February 2015. The new ordinary shares will rank pari passu with the existing ordinary shares.
These are not trades. A loan note was converted to equity so 100 mill new shares being placed in the market. I think.
I see a breakout here sooner rather than later .. 75 fecking million traded again Metal
Sit tight ,let the BOD do their job, can't be many pi's selling at this level
Thanks for the correction...I missed that.
agree that INC would very easily ramp UP 200% purely because it is way oversold...But it is $300k not £300k :) Metal
Good afternoon. I just dipped my toe in with a £1k purchase at .09p and will top up on further weakness. Have watched the presentation, read the Share Prophets update and by and large think this is probably a POS long term. However it could easily ramp up 100-200% or more on just a tad of good news ...i.e. payment of £300K and any more contracts. In the long term it sounds very limited unless they expand beyond Merico. So in my view I either lose £1k or make £1 or £2K, I'll take those odds. The £300k sounds nailed on so that should help and it did sound like more contract announcements were immenent. Good luck to all.
What a price to buy! Some people are going to make a killing here!
Dropped another 15% on 1.5 million sell ..humm.. Sounds fishy and well overdone .. Chart wise - INC is way oversold on RSI basis. Happy to be corrected. Metal
I wouldnt be surprised if Zentar are sniffing around for more shares, considering they probably did quite well from the last spike (their option price of around 0.025p P/S) they have shed a few million shares recently looking at holdings from end of 2014 to now. Its a great ride (depending on where you got in)