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Indeed re @flow - As you know I've been keeping my eye on "the competition" for some time. Our real USP over any combustion "heat" based boiler (as opposed to fuel cell based) that has gone previously, that I can see at least, is our kWt to kWe ratio. If we can manufacture in volume at the costs and efficiencies we have forecast, then so long as the gas/electricity price ratio remains at today's ratio (or greater!), the payback times on our boiler blow the competition out of the water. We don't even need FiTs today to be successful - many others in the market do. Will 2017 be the year of INSP? Will our share price be over a penny by the end of the year? Very possibly!

I think on balance you are likely correct @graham-wales: this week we'll get notification of JG's additional shares and current holding, then days/weeks/months/years(!?) later, we'll get to hear about the ETI's. That is the most likely sequence of events. Having said that, it is completely possible we'll also get a progress report in the coming days/weeks. We are long overdue one! ;-) I miss the blogs, interviews, videos... Surely not another year "on the cusp"? ;-( Ob

@graham-wales - I take it you believe that the announcement will be related to the placing shares. i.e. "INSP announces that a director has purchased..." If so, nothing to see here then, move along - and if it is related to the ETI's whose existence was forcibly revealed perhaps a week earlier than planned due to the price spike...? ;-) The market clearly thinks the former: I wouldn't like to make a call - as I said the other day, it's either another year of the same old same old: or 2017 is the year for INSP and the sky is the limit! ;-)

@graham-wales - take a read of the last RNS: "A further announcement will be made once John Gunn's participation in the Placing has been completed"

re "standard template/framework" - I've taken a look through a good number of the 2017 final terms listed at: http://argentarius-group.com/eti-announcements/ and every one I opened had the same headline £250m - so yes, it's clearly a standard template/framework! I wonder how they differ? Cheers for the pointer @tomcat! ;-) Ob

Absolutely @tomcat! This company could be destined for the big time! The problem is that past behaviour and in fact to a certain degree, current behaviour, has led many who would otherwise invest here very wary. And I don't really blame them, but what it leads to is a share price which is potentially undervalued by an order of magnitude - especially if we really are on the cusp of commercialisation. If we were to put faith in INSP (the BoD), then the relative silence of late is likely because the first attempt at accreditation was unsuccessful and we have quietly been working on addressing whatever problems were first raised - it's not call a development *cycle" for nothing! Personally I think the market should have been kept up to date in a transparent manner - but perhaps JG's vast vested interest in INSP has biased him towards only revealing "good news" to the market. This is a mistake IMHO: it leads to distrust. re KDNC - this ETI was stumbled on by chance from what I can see (assuming AIM shenanigans are old wife's tales of course...), so perhaps it's worth keeping an eye out for such an instrument being put in place for other companies we are invested in? Unique funding... Ob

"if we are unable to pay the 8%". Just to clarify - we don't know what the fixed rate is yet - 8% is a lower minimum mentioned in the final terms.

Hey @tomcat. As you know "worth" is very much subjective and depends on many factors. For instance take a look at page 18 of: "On the cusp of cogeneration commercialisation & trading at a fraction of replacement IP cost" (13th June 2016) http://www.alignresearch.co.uk/wp-content/uploads/2016/06/Inspirit-Energy-Align-Research-13th-June-2016-Final.pdf where they project that if we were to increase our sales to around 20,000 units per year, we'd have a revenue of around £88m and a gross margin per unit of 38.8%. If the company were valued on a ten times basis.. well. you can do the maths. ;-) But to answer your question - no, today we certainly do not have "£250m worth of assets to back that.". I'm guessing you've read back through my posts on here. I can't see anyone taking up the £2m fixed bond *unless* the company has reached certain milestones - at which point, the company will very likely be worth more than it is today based on market cap: we *might* even find out this week... Not sure what you are getting at re cell 20. The way I see it, if we are unable to pay the 8%, the bond holders have a charge over our assets. Perhaps you can confirm: I don't particularly feel like going through the Final ETI Terms again - once was enough: although it was a pleasant surprise when I got to section 7.2 and realised it was INSP and not another "Inspirit Energy"! Happy to attempt to answer any other questions - especially for you! ;-) Ob

As announced in the RNS last week: "Statement re share price movement" (3 May 2017) http://www.inspirit-energy.com/investors/rns-news-detail?id=ry6jg8x === Further to the share price movement today, Inspirit confirms that it is in discussions with Argentarius ETI Management Ltd about structuring a fixed interest bond instrument for the Company of up to £2 million. No money has so far been raised in relation to this instrument and the Company expects to make further announcements in due course. === As discussed last week presumably the above announcement relates to this: "Final Terms - Inspirit Energy GBP Asset Backed ETI" (2017-01-04) http://argentarius-group.com/eti/inspirit-energy-gbp-asset-backed-eti/ === In respect of an issue of up to 250,000 (Asset Backed) Exchange Traded Instruments (the "Securities") named Inspirit Energy GBP Asset Backed ETI (the "Securities") pursuant to the Issuer's Offering Programme for the issuance of Exchange Traded Instrument certificates and linked to Collateral comprised in Cell 20 Issue Price: GBP 1,000 per Security. === I don't believe we got to the bottom of why the ETI in the Final Terms is for up to £250m when all we appear to need from the RNS is an ETI facility of up to £2m. Anyone know why? Is this usual? Is the point by arranging a facility two orders of magnitude greater than is required on day 1 the company can grow into it as progress is made, without having to go to the bother of setting up a larger ETI facility at a later date? If so, £250m is certainly pleasantly optimistic! ;-) What am I missing? Ob.

@BurrenBoy. I think we are fairly safe from hostile predators: "On the cusp of cogeneration commercialisation & trading at a fraction of replacement IP cost" (13th June 2016) http://www.alignresearch.co.uk/wp-content/uploads/2016/06/Inspirit-Energy-Align-Research-13th-June-2016-Final.pdf === Inspirit's current market capitalisation of £3.89 million represents just a fraction of the money spent on developing the technology over three decades. Competitors have spent sums in the tens to hundreds of million pounds on their technologies, which gives some idea of the cost of development from scratch (and not considering the time involved). Consequently, we believe that the company may be attractive to competitors given this commercial consideration. As John Gunn holds a major stake he has influence to extract a decent price and we doubt it is anywhere near the current valuation === Of course if JG felt like selling out cheaply to a friendly predator we'd be pretty stuffed... Ob.

@mytrader - just in case you missed it (surely not!) the video linked from the very top of our homepage has the most footage (that I know of) of what appears to be a working model. Might give you some insight in how easy it would be to install! ;-) http://www.inspirit-energy.com/ https://www.youtube.com/watch?v=LZerJ7BsIFI Only 105 view, so I have my suspicions that many potential investors are overlooking that "Watch More" link... Ob

@mytrader "If the likes of Baxi couldn't make it work with all their R&D and finances then how can Inspirit." - the answer is in the kWe to kWt ratio: ours is a superior product - if we can get it to market that is! ;-)

You absolutely could be right @gallian - this year really could be the year the Inspirit Charger goes commercial, however, I've had to change my opinion to "No Opinion" from "Buy" this week pending the outcome of: "Placing, director deals and change of advisor." (3 May 2017) http://www.inspirit-energy.com/investors/rns-news-detail?id=xp234qr === A further announcement will be made once John Gunn's participation in the Placing has been completed === Of course it could very well be that this announcement will be in relation to: "Statement re share price movement" (3 May 2017) http://www.inspirit-energy.com/investors/rns-news-detail?id=ry6jg8x === Further to the share price movement today, Inspirit confirms that it is in discussions with Argentarius ETI Management Ltd about structuring a fixed interest bond instrument for the Company of up to £2 million. No money has so far been raised in relation to this instrument and the Company expects to make further announcements in due course. === and if it is a positive development - i.e. we have significant takers for the bond, then my opinion goes straight to "Strong Buy", assuming the market hasn't already reacted of course ;-) I'd also like to acknowledge that it is completely feasible we are in for another year of rinse and repeat, and I'd suggest that most investors here have a similar nagging suspicion and this could be the reason the share price keeps retracing. Of course if this is the year, and the word is out it is happening, then letting shares go for these prices could turn out to be a big doh! moment... AIMHO, Ob

Read the posts 1st to 3rd of April.

@mytrader - I am under the impression that the Inspirit Charger is unrelated to the now discontinued Baxi ecogen- other being based on a Stirling Engine of course. Good luck with your research - happy to discuss any points. ;-)

@graham-wales. Take a look back through my posts on here where me and FallingKnife discussed the accounts a month or two back. You appear to be forgetting about receivables.

Interesting discussion @mytrader - I believe the target customer, in the earlier years at least, is commercial, and probably arranged such that the base load space and water heating is provided by a "lead" Inspirit Charger (potentially a 2.0 version for the benefit of FiTs), so that it can run near constantly generating heat and electricity, with additional demand being met by additional, cheaper, regular boilers. Very attractive pay back times in this configuration. If you haven't already, which you probably have, take a read of: "On the cusp of cogeneration commercialisation & trading at a fraction of replacement IP cost" (13th June 2016) http://www.alignresearch.co.uk/wp-content/uploads/2016/06/Inspirit-Energy-Align-Research-13th-June-2016-Final.pdf You might also find some of my posts on this board since the beginning of this year of interest. If you have the stamina - once you've waded through most of the ramptastic posts today you'll be pretty much in the clear - it's been quite lonely here at times... ;-) Ob.

@graham-wales. I'm curious to know what you are get at? It's fairly obvious to me what we are "supposed" to think from the specification at: http://www.inspirit-energy.com/story/the-inspirit-charger At maximum heating for the Inspirit Charger 3.0 20kW of gas in to the boiler results in 15kWt and 3kWe (which apparently has been measured) At minimum heating (any lower and the boiler is "off") we aren't told the gas in rate (it'll be around a third of 20kW) the thermal is 5kWt and electrical is 1kWe. What's your suspicion? Ob

According to: "€252,000,000,000 Programme for the issue of Exchange Traded Instruments (ETIs)" https://www.gsx.gi/debt-securities/6?view=6&detail=25 === ISIN : MT0001151365 SEDOL : Listing Date : 05 Jan 2017 Maturity Date : N/A Payment Frequency : N/A Interest Payment Date : N/A Currency : GBP Amount Listed : 50,000,000.00 Coupon Rate : N/A === That looks to me that we have £50m ready to rock. Might even have a buyer lined up for a fair portion of that if company revaluing news is imminent! Never forget that all large companies were small once ;-) Ob

Now that's what I call research @MonRev! Someone's been busy the past year as it looks to me that we've now got in place up to £250m worth of asset backed Exchange Traded Instruments "bearing a fixed coupon of not less than 8% p.a." to those who believe we can deliver on this. Who said we'd need to dilute to progress the Inspirit Charger to production!? I'm tempted to up my opinion to Strong Buy - news could be imminent IMHO - it has to be if we are to persuade potential investors we can meet the coupon obligations. (IMHO) I presume that in practice we have yet to issue any: that surely would require an RNS!? If this plays out how I think it might then redemption truly is possible from here. What a blinder if so. ;-) Ob