Ditto Pablo got the same this morning.... Let's hope for a resurrection!
From their website........
Following the resignations of Barry Heath and Ivan Couchman on 22nd December 2015, Charles Kempf is now the sole director of Insetco PLC. Mr Kempf is currently assessing the state of the business, which has been severely hampered by a lack of suitable handover from the outgoing directors, before coming back to investors. During this time we ask for your patience and assure you that every effort is being made to reduce expenses and costs to maximise the chance of the business continuing as a going concern. Any shareholders who are willing to offer their time and expertise to help in these efforts should contact the company at firstname.lastname@example.org, especially anyone with a legal or accounting background. We hope to be able to send out a communication to shareholders before the end of the month. Website last updated – 17 March 2016
Had a reply after 14 months from email@example.com :
Please refer to the Insetco.com website for an update on the current state of the firm.
------------------------------------------ Strange but true - anyway, surprisingly this LSE BB is still going, so there you have it anyone who got stuck at the death. They are asking for help/info on the Insetco website.
A bit strong Andy but you are right that it is concerning if one individual's error set this all in motion, I would assume that if this is the case that action was taken as it is likely we are still paying his wage.
I think the problem is that they went to the less discriminating nomads too late in the day, whether or not more could have been done sooner is something only the bod know, as us the amount of progress made whilst Ivan was out of the country.
No I'm afraid I don't believe it. There's clearly a massive backstory here that they are not disclosing (and indeed have been told not to disclose). Ivan is putting a positive face on it (that's his job) but that's just spin over what is clearly an almighty road crash.
Let's be frank here. AIM has some really really dodgy companies on it, and some NOMADs that will quite happily represent them provided they get their retainer. For an existing AIM-listed company to be turned down time and time again by other potential nomads (four!) tells you there is a massive structural problem.
We'll never know the full story, but if the fine chaps that compose the more "tolerant" end of the NOMAD community won't touch it that pretty much tells you all you need to know.
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