Member Info for MrTriumph

My take is this is a company that has raised over £300k over the past 4 months by way of placings, therefore my point is that the company does have cash and assets. I see this as a positive today, I think they will announce the new NOMAD shortly and Cairn have resigned due this being the case. The shares are suspended pending an announcement due to the volatility of the stock.

INSETCO ORD 0.001P 16 Apr 2015 15:10:42 Insetco PLC RNS Number : 4756K Insetco PLC 16 April 2015 16 April 2015 Insetco plc ("Insetco" or the "Company") Loan Note Conversions and Issue of Equity The Company advises that it has received the following requests to convert loans into shares: Amount Conversion Price New Ordinary Shares New Shares as a Percentage of Issued Share Capital following Admission £25,000 0.1p 25,000,000 1.46% Following the requests for conversion, the Company will have a total of £10,000 of convertible loans outstanding, all of which can convert at 0.025p per resulting in a maximum issue of new equity of 40,000,000 new ordinary shares. In addition to the amounts stated above, as advised on 4 March 2015, the Company is still in discussions with a holder of unsecured loan notes totalling £40,000 to vary the terms of this loan. Issue of Equity Application will be made for admission of 25,000,000 new ordinary shares in the Company to the London Stock Exchange which is expected to occur on or around 22 April 2015. The new ordinary shares will rank pari passu with the existing ordinary shares. Total Voting Rights Following the issue of equity described above, the so enlarged issued share capital of the Company will comprise 1,715,449,762 ordinary shares of 0.001p each. Each ordinary share carries the right to one vote at general meetings of the Company. The Company does not have any ordinary shares in treasury. This may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure and Transparency Rules. Insetco plc Barry Heath 07788 376480 Ivan Couchman 07970 377669 Cairn Financial Advisers LLP Jo Turner / Liam Murray 020 7148 7900

Please check facts before posting spurious arguments, delisting within one month has never been mentioned. Read the RNS re Broker resignation again, it clearly states they will resign 1 May 2015 and then the Company will have a further month to appoint their new broker. That clearly is not one month is it? One further point here, if the current broker had deep concerns over something within the Company they would have resigned forthwith, giving the Company just one month to sort it out. They didn't, they have given plenty of time for the situation to be resolved and for Insetco to appoint a replacement. I think too many scare stories are being peddled here thanks to old TW, who quite frankly should either lay the facts out and if he suspects anything suspisious should report it to AIM. In fact one minute he tips a company as a buy, then the next it's a sell??? I could do that all day long, but then I'm not paid to do that, or drag many small punters along with me, he presumably is. This is a very small AIM company which is pursuing a small start up enterprise, it currently has little trade, some cash, and an AIM listing. The AIM listing is very important and should be preserved at all cost. The SP is currently where it was pre any news of contraqcts, therefore if the contract is confirmed and the broker situation sorted the SP will be much higher than of today. The only real issue for me is the appointment of the new broker, which I would hope will be well before the first deadline. This is a gamble as we all know, but if the these two issues are sorted promply then one well the risk. Mr T

My small contribution

Sorry Meant 3% not 35!!!

Previous RNS involving Robinson 5 February when the 35 was crossed. RNS today has no indication if he has sold the lot or decreased his holding? Seems rather bizarre to me, has he made any money? does he still hold some shares. I think a clarification is required here. MrT

Trading update – FY 2013 upgrade, momentum increasing Price 2.55p The trading update from Mountfield is positive, both with respect to the profit outturn for FY 2013E (we increase forecast EPS by 7%) and the momentum heading in 2014, although we choose to hold our FY 2014E estimates for now which look for 16% growth in EPS.. Nonetheless, newsflow, sentiment and confidence are all positive, supported by a healthy order book underpinning an estimated 50% of FY 2014 revenue. We therefore raise our target price from 2.75p to 3.50p (+33% upside), suggesting a CY 2014 target PER of 10.0x (vs >14x sector). We reiterate our BUY recommendation.

Looks like an artificially created drop to me , maybe to let someone accumulate at lower levels. Watch the buyers come in now and a move back up??? just my opinion. Still rates a strong hold if you are in as I can only see this going one way.

I don't know about lack of transparency, it's all there in black and white for any reader to see, not hidden, but out there. These A shares will only come into play as it states, in the event of a wind up, or dividends. Both of those events are in the future, so I am not remotely concerned by this particular issue. These shares are not traded, they were issued in lieu of loans etc made to the company when it was in difficulty. Going forward obviously these loans will need to be repaid I assume, therefore there may well be convertible shares entering the market, but I did see 2.5p mentioned. Still a good buy imo at these levels as the issue shares of 168M are used for the Mcap by all the financial sites and the market. If and when these A shares enter the market then the calculations will change. A good opportunity today and maybe going forward for a top up before we get some more favourable news IMO of course.

Interesting article re TMZ http://www.safestocks.co.uk/wordpress/?p=307 Worth a read imo

I'm surprised the sp is still as high as it is, I fully expect the teens to be breached shortly. A placing is imminent imo if they can get one away this time, I can't for the life of me see any other option. Placing based on books this year will be terrible again, 10/11M loss, not enough cash to reramp up production assuming the order book is still healthy. I hope the breather they all took post October has fully refreshed the management enough for them to at least to be able to do their jobs properly. If they can't this time around then they should be replaced with people who can. How much has Kell been paid through the downturn, have a look you will be amazed just how much you earn for failure these day's.

I presume he refers to the lack of focus on the part of the management in respect of Snorkel, and that they are currently taking a breather. Lets look at their current plight, losses to 30/06/12 £7M, add to that losses in July, August and September, lets assume another £2M, before a profitable October, confirmed by Kell apparently. Now they are on a breather, so assume more losses in November and December. I would expect based on the above a year end loss of circa £11M, with cash dwindling. Therefore I do not think they will have the cash resources in the new year to ramp production back up. I also think they were expecting a cash inflow following the Smith IPO, and the repayment of the loan they issued to Smith£2M. None of the above will now happen, so I expect a fundraising excercise eary 2013 to keep Snorkel afloat. A business the size of Snorkel requires large cash resources to trade and oil the supply chain, they did this briefly mid 2012, but looking at the figures, it failed. All imo of course but I can see no other option. The Smith news is irrelevant to Tan, I assume that is why there was no RNS, unless of course they are all on their Christmas break!!!

http://community.nasdaq.com/News/2012-09/us-ipo-market-restarts-as-5-deals-launch-more-on-the-way.aspx?storyid=171213#ixzz2660ckB6Z

http://www.sec.gov/Archives/edgar/data/1455900/000104746912008705/a2210909zs-1a.htm

http://www.sec.gov/Archives/edgar/data/1455900/000104746912008648/a2206439zs-1a.htm

Smith S1 filing http://www.sec.gov/Archives/edgar/data/1455900/000104746912008512/a2206439zs-1a.htm Snorkel orders http://www.vertikal.net/en/news/story/15603/

I totally agree this was driven down to the placing level for all to see, now the deal has been done will we rise back to the 50's? I'm afraid this is the aim market though, and these things happen day in day out, not much you can about it really other than not investing in aim stocks. Anyway now that is out of the way perhaps we can back to a realistic value here, based on facts ie Snorkel appears to be moving towards break even, and the possible IPO of Smith, which is a real bonus to Tanfield holders, if of course it goes ahead.

See link below http://www.sec.gov/Archives/edgar/data/1455900/000104746912003898/a2206439zs-1a.htm Number of updates include order book status 2012, wanxiang tie in etc.

http://www.marketwatch.com/story/smith-electric-vehicles-and-wanxiang-group-announce-investment-and-joint-venture-2012-02-17 Thanks to talk to the hand iiibb RNS Monday am?

Smith have filed a form D with SEC, looks like a capital raise, could dilute Tan's holding from 27% down, but wont change our holding. Expect another RNS in the morning. Getting interesting again. Also looks like the 41p placing is good business and well received by the market, II's don't agree to place shares at such a small dilution for no reason. I would have expected 35p for a placing, but I see this as good news. http://www.sec.gov/Archives/edgar/data/1455900/000145590012000001/xslFormDX01/primary_doc.xml