"The Company has received an updated proposal from the party whose financing proposal was first announced together with the Company's Interim Results on 30 September 2024, and is also still in discussions with other parties and expecting another proposal in due course".
"OTHER PARTIES".
"OTHER PROPOSAL".
This was a GOOD fundraise. Not liked by all but now it has some cash. ALL GOOD. ALL TO PLAYFOR. Good luck all.
I am happy with the fundraise and the drop and have bought a lot of shares. It was a fair discount and can only be expected. It was short of cash and now it has cash. The company can move forward. STRONG BUY
WHO SAID THEY SENSED A PLACING YESTERDAY?16 Oct 2024 07:46
I was told I was a fool yesterday and told by a dozen people I did not know what I was talking about. Then questioned I why I thought a placing was coming. I said it was experience that told me. Then they all laughed. He who laughs laughs last.
Looks like a placing is being worked.15 Oct 2024 08:24
The company has no money so its really a given that a fundraise is going to happen. Just have to see at what price. No doubt its going to be done at a discount. Could be a good bet once the money is in.
Anyone who listened to Sharebel last week and thought the train was leaving the station and bought are now 50% down. When the consolidation comes and with it another placing they could be down another 50% and still the company may have to do another placing for another 50% drop. AVOID
RE: NT to buy medium-large volumes!14 Oct 2024 09:14
Give it a while and when the money is gone and they need more, the company has no choice but to do a consolidation. This is where most money is lost. 10/1. This is where they will take your money and if you have not been wiped out yet as a shareholder, you will then. AVOID.
RE: 129,400 carat diamonds π package =$50 to $175 million dollars14 Oct 2024 08:47
0.1 share price. The company is broke. And will probably need another placing but is not allowed to sell share below the nominal value. So expect a consolidation before the next placing at 0.05. 10/1 share consolidation now set. AVOID
"Expect a good leg up on open Monday as we expect a strong performance and targeting 0.20 again as we saw today with 15,16, 17, 18, 19 being paid on repeat. Market cap will not remain this low now".
As the company will not reach profitability before this fundraise is exhausted it cannot issues more shares at this price. So it will be another placing with an accompanying consolidation. We all know what that means. AVOID This share for Gods sake. Its a life style company and should be seen as a basket case and Charity. You will never make a return here.
Grades are soo poor from what was shared, it is more or less non-commecial. Looks like all the future cash is going to be burnt on another failed venture. With a history of poor ventures behind them you would think the company would have learnt.
This is a venture just to keep a gravy train running. Nothing here for Pi. Only more placings after the money has gone. Huge cost to get this up and running and it looks like it will never co tribute to an income.
AVOID THESE SHARES. TOO HIGH RISK. Little reward. Lose everything put in here..
John Gun states: "Inspirit is extremely optimistic about the commercial prospects for the business". If you knew the company depended on one man and his continued employment, you should never have been so optimistic. You should never have promoted the company with such an unsound footing. Now why are you calling this a cash shell? How much cash does it have and how much are you owed? Take away what you are owned how much is left?