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posted on ADFVN by tasty1,
https://www.investegate.co.uk/chris-heminway/rns/6--shareholder-in-insp-considers-gm-requisition/202008141548022323W/
wow hes got my shares about time mr gunn was a bit more forward with the info/rns
So looks like my guesswork has proven to be correct - read the PDF from link in the last post and Chris Hemingways ambitions.
Greenspur have a generator that doesn't use rare-earths for it's permanent magnets, they have an engineer who patented a linear motor in the 1980's that still in use globally today and the company have worked with several UK universities.
I do wonder if the improved efficiency of the Inspirit tech is connected, add to that the scale they are now able to deal with 300Kw with Greenspur having demonstrated 75Kw and 250Kw generators 2016 - 2019
https://www.rns-pdf.londonstockexchange.com/rns/2323W_1-2020-8-14.pdf
lol just had a thought
mr buffalo if you buy some shares you can overthrow the evil john gunn!!!!!
Jimb2; thanks for posting the link regarding Chris H. As I posted yesterday, I wondered if it was a play thing or a serious investment. Imo, the link to me shows he is very serious, INSP are indeed onto something, and Chris wants to help drive this project forward. Surprised the SP dropped today, but you cannot have blue every day. Enjoy a relaxing weekend everyone, and roll on Monday, GLALTHs. :-)
Apologies Hamster18, I didn't notice it with so many posts, but thanks.
This would be an interesting development with TTA and Greenspurs tech being developed - seems waste heat on industrial scale is their interest plus other applications.
I think it's positive either way even if to only force the hand of INSP to reveal the real progress, this is a great time to be into renewables with some much money available from governments!
Jimb2; No worries, and now after following and reading your later link at 17.42, I get the impression Chris is rather exasperated.
Jimb2; certainly would seem that Chris would like to see move things forward, maybe even a JV?
Not going to lie, it really doesn’t fill me with confidence that the reason why he’s increasing his share holding lately is because he doesn’t feel like the BoD are doing a very good job. Usually when a holder with a similar majority tops-up it’s because they think the company is on the cusp of something big...
Is going to be interesting to see how Mr Gunn reacts to this.
That might not be the case. It might be that he thinks he can add significant value with his input and contacts but in return, wants a place on the BOD? He certainly wouldn't be throwing money around if he didn't believe in their project but that's just imo. GL
so did the MM's know that there was an rns out there and thats why they where buying in bulk at 0.09?
anyway told chris hes got my 1/147 shares asked him for and idea off what he wants to do ill post it when i get the reply
anyway i think this is good it will light a candle up mr gunns backside to show us more off whats happenning
From the publication PDF:
Mr Heminway has proposed a number of commercial opportunities involving three new application areas in which it would be possible to utilise Inspirit’s Stirling engine technology in conjunction with TTA.
~~~~~~~
the implementation a broader corporate strategy of investment in renewable technologies and in particular the potential for using Stirling engine technology in waste heat recovery and, specifically, waste heat-to-power applications in which the TTA Board has considerable expertise.
There most definitely seems to be some frustration with INSP 's willingness to work with TTA, and they have the generator to support the big waste heat projects:
Next week should be interesting!
Finally we might uncover what is going on at Inspirit, both rampers and derampers will be sat with fingers crossed. To me, and my interpretation, Inspirit's rebuff of Heminway is indicative of their failure to produce a viable product. They were very quick to push the Sweden story at the beginning of the year but have turned away an interesting partner, effectively telling him to FO. Surely in business and in life it pays to have irons in the fire. If I had shares I would support CH, if only to find out what is happening in the secret Inspirit world. Another point, they are supposed to be launching the Charger this year, why not say politely to CH " we have progressed things very well thank and the imminent launch of our world beating product will keep our share holders very happy. Thank you for your interest"
Another minor point Oldblue stated earlier that CH has 200k invested, unlikely and probably based upon his shares times the present price. He paid about £30,000 for his initial stake or possibly a lot less. He has paid more for his top ups but I doubt he has invested any more than £90,000. I admit, still a reasonable sum.
Phimx; I think he has certainly upped the anti, and will has rattled the cage. Some companies do not like external help, it might just be as simple as that, and not everyone communicates or deals with things in the same way. What you see as a great idea, I might think is a dodo, and visa-versa, (nothing inferred), everyone is different. Either way, I think recent events will make things interesting, hopefully in a good way.
Funny how the rampers turn. Chris buying is great news, until the realise he is no fool and will push to see what his 6% is actually worth. JG is not interested in sharing any details, as there is nothing but hot air to share.
I am looking forward to the outcome of this.
had a reply from chris hes got his head screwed on and has my shares
Let’s hope CH gets some clarity of what agreements are manifesting, in particular the so say deal with Volvo, and gets it over the line.
Needs a shake up and a much higher level of business acumen applied.
It may just be a case of too few people trying to do too much and coming up with nothing. That can be remedied easy enough.
Anyway, it’s a positive thing and will drive the business in the right direction.
I think you will find buffalo that the investors
( that your one track stuck record mind calls rampers) are also looking forward to the outcome of this.
Bad news for you buffalo but your only desire in life to see the complete demise of INSP is looking like an increasingly distant dream.
Legin252, well one thing for sure, we will hopefully find out the truth soon. I am confident, CH will not be seeing a working boiler, a final designs nor and notes from meetings in Sweden.
whether INSP lives or not, I do not care. I want the truth. Where is the foocare n boiler!
snippet from chris email this is what he wants
The real value is in the know-how in waste heat capture and running the heat through the Stirling engine. Have a look at Azelio to see how to create a £150m market cap from this know how.
If good with you, I will be in touch to use your votes to get to 10% and the next stage.
Well there's only 19 weeks remaining of 2020 (excluding Christmas week) and so we just might see John Gunn play a defensive hand with some news:
"I am pleased to advise that the team at Inspirit were not furloughed during these unprecedented times and had been working on enhancing materials and efficiencies on the "Inspirit chargers' multiple applications for boiler and marine projects scheduled this year"
I'm pretty sure PI's would support Chris Hemingway and Andrew Hall's addition to the board:
Mr Andrew Hall, the former-CFO of Siemens Gamesa Renewable Energy S.A. (which is listed on the Madrid and other Spanish exchanges with a current market capitalisation of €13bn) who is highly regarded within the renewables industry. Both Mr Heminway and Mr Hall are available and willing to serve as Directors of Inspirit.
Still, if nothing else people with these profiles showing and interest is an endorsement -
For anyone not having read the link:
Chris Heminway, a 6.02% shareholder in Inspirit, announces that the Board of Inspirit, despite repeated efforts on the part of Mr Heminway, has failed to engage in meaningful dialogue on ways to improve the Company for the benefit of all its shareholders. Accordingly Mr Heminway is considering whether to exercise his right under Section 303 of the Companies Act 2006 to request the Board to convene a General Meeting. Such a meeting could consider various issues including changes to appoint a more balanced Board to provide enhanced leadership and strategy for the benefit of all
shareholders.
Background on Mr Heminway
Mr Heminway is a serious investor with long-standing experience in the industrial technology and renewables sectors. Between 2009-2011 he was a director of and led the take-private of AIM quoted Robotic Technology Systems plc and oversaw the subsequent profitable return of capital to all shareholders.
7:00 AM RNS Monday wouldn't surprise me?
You told us how much you were going to enjoy the company going to the wall many times.
You're already trying to move the goalposts, getting worried are we?
You must have hammered that lame joke at the end of your post in with a sledge hammer, it still didn't fit!
I like the joke, you choose the user name, live with it.
When CH finds out nothing is real, do you think that INSP will survive? It's an empty vessel.