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Started: BuckIGIT, 31 May 2019 14:20
Last post: BuckIGIT, 31 May 2019 14:20
where this has gone or going ?
Stinking lousy feckers
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 info@insetco.com, 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 info@insetco.com : Dear XXXX, Please refer to the Insetco.com website for an update on the current state of the firm. Regards Martin ------------------------------------------ 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.
Started: musiclondon, 2 Jun 2015 17:57
Last post: musiclondon, 2 Jun 2015 17:57
Strange it's back Must be a glitch
Started: newstatetrader, 23 May 2015 00:13
Last post: Millertime, 24 May 2015 16:27
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. ... and the pig got up and slowly walked away.
Why are we not naming the 'tea boy' who's error has cost the business. I assume that you are referring to Mr Sweeting?
Anyone believe that shi&!? No! I wasn't our fault we got struck off AIM! It was the shareholders requesting transpersary! Yawn! It's ok the contract is still coming plus four more orders!!! Yeah right. So what happened to the DD of our new contract?????? Hmmm Four nomads refused listing?? Hmmmm. I have phoned cairn and they were very critical of Ivan and Co. Incompetent and not fully disclosing information. Ring them and ask them. I was on holiday and not my fault gov! Let's take a director salary until the funds run out more like! And before I forget, a tea boy forgot to send a fax about the AGM??? pretty sure he still works there!!! I won't name him but people can probably guess Your money is gone, face facts. It's embrassing.
Started: musiclondon, 22 May 2015 23:14
Last post: musiclondon, 22 May 2015 23:14
Some welcome clarification. Years before any developments. But hey....
Started: Millertime, 22 May 2015 22:07
Last post: Andyken, 22 May 2015 22:10
Thanks miller, the staff member who didn't send the RNS should be dismissed immediately for gross negligence!
Started: musiclondon, 22 May 2015 21:04
Last post: musiclondon, 22 May 2015 21:04
It won't be on here,this board will disappear soon. Hard to put much faith in comments attributed to Ivan Couchman after the recent track record. Hope I'm wrong. Had a good day with AMC after holding for five years. You win some you lose some. GLA
Started: newstatetrader, 21 May 2015 19:04
Last post: Terrafin, 22 May 2015 12:14
Broker - thanks for your comment and feedback - let's hope the statement proves positive for us all.
Terrafin I spoke with Ivan yesterday evening and there will be a statement issued and likely today. He said the announcement had been delayed as lawyers needed to give it the green light because there was some sensitive information within it. He seemed more than happy to have a conversation with me and will offer the same courtesy to any shareholder. Insetco will be around for some time to come, I am confident of that I just don't know in what form, private or on one of the junior markets.
Newstate have you spoken with Ivan ?
Why no statement to shareholders? Ummmm You think that is acceptable? I think administration.
Id like to inflict pain on these so called senior management (rogue buinessmen) , something akin to light switch scene in the film Taken.....................................
Started: newstatetrader, 21 May 2015 11:49
Last post: newstatetrader, 21 May 2015 11:49
Or any statement from the company after cancellation????? Utter shambles from the company
Started: newstatetrader, 20 May 2015 12:39
Last post: Millertime, 20 May 2015 14:47
Why would INC being delisted affect how Melken and Quantus carry out their due diligence? If. Insetco folds they will be able to find another firm to do the monitoring. If you as a shareholder don't believe in the contracts will come to fruition why would anyone else? If no one believes in the business, being listed won't make any difference as no one will buy the shares and it will have cost to complete the listing. You would only list post deal as that would reinforce the business model, if not best to return the money you would spend on listing to shareholders. But I agree the. Canadian exchange would be preferable to plus markets.
Why not list on the Canadian exchange? If it's a Canadian operation? I can't believe they still think it's coming? Surely the fact of us being delisted was enough to get the deal through? I am not convinced
Started: newstatetrader, 20 May 2015 10:43
Last post: Millertime, 20 May 2015 10:56
He does, if not they'd have packed up before now.
Does he believe the contracts will still come?
Started: newstatetrader, 20 May 2015 00:28
Last post: Millertime, 20 May 2015 09:57
I had enough thanks Newstate. As far as I am concerned the company has enough cash to run until at least the end of the year. This is and always has been about the 300k contract, if this comes in then there will be enough cash to run the business in the short to medium term and will lend credibility to any future listing attempt. There is no point attempting to list until the contract comes in as it will give credence to TW and his accusations of dodgy dealings, however, resisting when there is cash flow would see this share well above 0.1p. If we were still listed our burn rate would be greater and there would be more chance of going bust, albeit we would have the value of a cash shell as a backup, which would value the shares at about 0.03p. For all those who invested / stayed invested because they believed that the contracts will come through then this is no real setback and if anything gives longer for this to happen. It reduces the liquidity of the investment in the short term but long term, if the company comes good then I am sure there will be plenty of chances to sell up. For all those who are short term traders and never believed in the business to begin with then you were speculating and should have known the risks. I suggest that all the posters on here free up their diaries for the AGM and put your questions to Ivan directly. A matched bargaining facility would limit the cost for the company whilst allowing shareholders to sell as an interim solution for those needing to liquidate? I have since spoken with him and had a very constructive discussion, as stated above I have always been in until the contracts come in or the company goes bust and as it is in my SIPP the delisting doesn't have too much of an impact liquidity wise.
I hope you didn't have too much? I am sure you have spoken to Ivan since? I guess the conversation wasn't of a polite nature? Chin up mate and hopefully we can all move on from here's.
Started: newstatetrader, 20 May 2015 00:21
Last post: newstatetrader, 20 May 2015 00:21
A goner? Not far off. The shares are cancelled from aim but we still hold the shares via our accounts. Options? Still below. Realist on AIM with a new broker and NOMAD? Zero. TW and his crew made sure at that and after recommending this bailed after a couple of days leaving investors high and dry. Not for the first time and hopefully he will stop recommending tips on SIM at £5 a month to cost investors thousands. Junior exchange??possibility but we need to a contract now. Private company? Dead in the water. Is it over for all my money? 99.9% YES. Bring Ivan and Barry to court for fraud and incompetence? Expensive and unless there is a lawyer amongst us, probably not! The accounts show massive over spending and therefore some money has gone somewhere, and needs looking at. The director who jumped before delisting? Did he care about your money you lost which is to provide for your family?? No!! A disgrace to himself and his family that he was not willing to stay and sort out the problems he was part of. Anyway I just hope everyone is ok and not too over exposed in this dog sh£t
Started: newstatetrader, 20 May 2015 00:07
Last post: newstatetrader, 20 May 2015 00:07
Mate, unfortunately in life some people like the fact they have lost money and therefore gives them satisfaction to troll others. Why they don't troll the people who have done this is another matter. I just hope everyone is ok and not lost too much money. Ivan was away on holiday for two weeks when the NOMAD gave the boot. Who in their right minds carries on with their holiday during that time when its was so crucial???? He even told some shareholders it was business?? Taking the p£?) YES!! It's even like he forget his role as a director at the end telling myself that it's our fault because they we trying to be open and fair!!!' Hopefully this is the end of Ivan career and Barry's, Let's look at Ivan linkin page over the next week or too!'!!
Started: drjenner, 19 May 2015 13:57
Last post: Andyken, 19 May 2015 22:27
I wish you'd leave town and not grace us anymore with your vile presence.
Ivan has left town https://www.youtube.com/watch?v=ygeWsoYYMuQ
Started: PhrophetMargin, 19 May 2015 14:27
Last post: Andyken, 19 May 2015 22:26
Who says that all the cash us gone, have you got any evidence if this?
Is there an investigation as to where the cash in the bank went. Is there a list of all current and previous directors so we can aviod them, or would we end up not buying into any company!!!
Last post: Andyken, 19 May 2015 22:24
Ivan and Barry's numbers are on the bottom of the RNS statements
This might be naive of me, but has anyone been in contact with Insetco to find out there plans. I can’t find a telephone number to contact them on. Or is this just a goner
Started: BuckIGIT, 19 May 2015 17:03
Last post: BuckIGIT, 19 May 2015 17:03
why is this company registered at the same address as Insetco - Eligere Investments Plc
Started: newstatetrader, 19 May 2015 15:15
Last post: newstatetrader, 19 May 2015 15:15
Seriously you are not a current shareholder and coming on here gloating?? I guess some people have no humanity.
Started: PhrophetMargin, 19 May 2015 14:17
Last post: PhrophetMargin, 19 May 2015 14:17
Is there an investigation as to where the cash in the bank went. Is there a list of all current and previous directors so we can aviod them, or would we end up not buying into any company!!! Over to RRL now to see how my suspended shares are doing.
Started: Dave303, 19 May 2015 07:33
Last post: PhrophetMargin, 19 May 2015 08:07
Think its a glitch . Your post isn't showing either. I'm waving by to about £500 . I know others have lost a lot more the last post about the accounts is interesting. Looks like we lost money but this story is not over
Why is this showing up 9.49%? Or is it a glitch .
Started: atalanta, 18 May 2015 19:20
Last post: atalanta, 18 May 2015 19:20
The full year figures released last Friday are interesting. Looks like in the 2nd half of the financial year the company incurred a loss of £318k compared with a full year loss of £386k. What on earth did the company spend money on in the last 6 months? Invested £100k in some unnamed Canadian company and raised £350k by way of share & debt issues. the cash position worsened from 30 June to 31 December. Overall looks like shareholder money has been wasted or worse fraudulently spent. Also they raised £210k in march 2015; what's happened to this money and how much is currently left in the company? There are some serious questions for the board here and would appreciate it if someone would get them to give us the answers.
Started: BuckIGIT, 18 May 2015 18:48
Last post: BuckIGIT, 18 May 2015 18:48
Can Insetco relist if the find a NOMAD in the short future. Very poor communication by the company.