Member Info for Phimx

Commiserations Scratch_Golfer you have certainly been taken in by the hype of some poor companies.

More research, modest investments and smaller profits is the way to go. Even then it's not guaranteed.

Latest RNS

" During the reporting period, the Group continued to develop its microCHP boiler, Marine engine and Waste Hear Recovery (WHR) applications and were also in discussions with a British certification company Enertek International Ltd. Enerte"

Read this carefully they " ... were also in discussion "
Another statement which means absolutely nothing. They 'were' in discussion not "are" in discussion.
Why is there no positive statements such as " we are actively negotiating with Enertek to provide design input to convert our heater head to use Hydrogen."

Alternatively if they "were" in discussion but no longer, what was the outcome ?

Why is there still no certification for the Charger. After years of Design for Manufacture by the " hard working engineering teams" it would be wasted effort and money if certification can not be approved.

Here is a link to kick off your research. It contains a list of Mr. Jagatia' s previous career moves. It's nice to note how your directors fared in the past.

Note Block Chain was once called Clear Leisure, that's an interesting story.

https://b2bhint.com/en/company/uk/synergis-capital-plc--10250009

Always pays to due diligence on the people looking after your company

https://www.reviewed-casinos.com/news/purple-lounge-scandal-will-go-away/

https://www.pacermonitor.com/public/case/37634033/Securities_and_Exchange_Commission_v_Global_Investment_Strategy_UK_Ltd_et_al

Fined !

RNS 14 June 2021
" Details on the electrical and the main mechanical systems are near completion. "

June 2022 fast approaching, obviously In-spirit's idea of " near completion " is not an investors interpretation. The beauty of statements like this is, they mean nothing - absotuletly nothing, as you are finding out .... very very slowly.

If the main mechanical engineering and electrical details aren't completed then how on earth can you manufacture and build a prototype.

How could Design for Manufacture have been progressing over the last 3 years when the basic details had not been finalised.

Just more absurd words. Seriously laughable as long as you don't hold.

SSE would have the option to purchase almost 10% of IES for £1.75. it would be a small step to go for a take-over at that same price. I'm sure many shareholders would sign up for that. IES already have £30 Million sat In the bank, along with all that's taking place it would seem a reasonable proposition if SSE want to enter this market.

RNS 2 November 2021
... " , the team at Inspirit have just returned from a successful visit to our manufacturing partners in Poland, where the team met with our suppliers to finalise the manufacture of the components .."

RNS 31 March 22

... " In February 2022, following the UK's departure from Europe, our team visited Poland to secure supply lines and personnel for the project. Our shipping agent was met with some import/export complexities in relation to shipping our equipment and components to Poland. "
*******************

Are investors supposed to believe that In-spirit met with suppliers IN POLAND at great expense, since those suppliers were outside of Poland. We know because the shipping agent had " complexities " shipping the components in and out of Poland.

Are investors supposed to believe a one off Stirling engine component warrants travelling to Poland to chat to John Gunn for 10 mins ??

Especially when the rest of the World was using Zoom or other video conferencing.

These RNS get more absurd as the story progresses.

RNS December 2019

... Europe as a whole has approximately 70 million boilers installed. These are the first markets to which our technology is applicable.

Although the emphasis has shifted to Hydrogen and waste heat applications why has there been no advance on the Charger ? No mention of obtaining certification, an absolute fundamental requirement for commercialisation. You can waffle all you want John but the only thing coming down the gas pipes is natural gas. Where is the Charger, Designed for Manufacture over years but never manufactured.

Why waste time on Volvo when there are millions of replacement boilers to supply Europe with ??

RNS 29 December 2021

" I would like to personally thank my colleagues for their hard work and commitment to driving the business forward during these challenging times"

I can't see a single step forward since 2016. 6 years of development, design for Manufacture, 6 years of raising money and issuing more and more shares and not a single solid thing to show.

Sorry, there's an outdated web site !

Shipping agent still having minor problems !!

No mention of a prototype being assembled, perhaps none of the parts arrived at the " workshop" ?

Perhaps IHA still undergoing longevity testing.

Perhaps nothing is happening !

Oldblue: on a more serious note. Who decides if a company "development" would impact the share price or not ?

In-spirit have never issued a RNS explaining their failure to deliver on their grand claims made in an issued RNS. For example the failure to obtain certification or failure to launch the product, both highly likely to cause a drop in share price.

Come to think of it, the recent failure to deliver was supposedly caused by a minor problem for the shipping agent. Let's wait and see how long it takes to resolve this minor problem. My money is on months!

Oldblue: It could be "our" justice system instead of British, that would imply we are both Britishers.

Who are you ?

A Nigerian prince judging by your posts, or an Amazonian squirrel hunter!

Not sure about whopper.
It's been established there is more news pending from China and with few shares available to buyers we may see a decent rise over the next week.

Oldblue: You are just being silly now. Are you seriously suggesting someone could sue because they sold before a positive RNS was issued.

Your faith in the British justice system is commendable but pointless and impractical.
Aim companies keep investors in the dark all the time.

Tell no lies but tell no truths !

And every one a winner

Ophidian:
I've made a note, Vanadium Flow the only technology invented by mankind that can not be improved upon?

Thanks. Saves me a lot of effort

No problem HarChris. I still find it difficult to believe the amount of Vanadium that will be required. As flow batteries progress I'm sure V will be substituted for something cheaper and better, but not just yet!

HarChris
It was not intended to be an analysis! I’m still trying to sort out hard details for my peace of mind.
From Invinity’s data sheet - their VS3 -220 battery, basically a shipping container, weighs in at 24,600 kg with a capacity of 220 kWh of energy storage. A lot of that being liquid but a figure of 5.5 kg/kWh seems perfectly reasonable for something of that size i.e. 1,210 kg for the Vanadium.
Your figure of 5.5kg/mWh I interpret as milli-Watt hours, obviously that is not what you intend and it would imply a huge amount of Vanadium is required, even more than I originally suggested. Therefore, I assume you mean Mega-Watt hours. Since this would imply that this 24,600 kg behemoth battery only requires 5.5 x 220/1000 = 1.21 kg of Vanadium, this would seem to be a ludicrously small amount. So I think the figure of 5.5 kg/kWh seems the most likely. Whatever it is it would be nice to know the figure used in the VS3.

The figures involved in static grid storage are awesome. When 100 MWh storage is bandied about that would involve 454 of these shipping container sized batteries.
Hopefully someone can provide some clarity or I’ll keep digging.