RE: This is gonna blow!!!4 Jun 2021 20:22
Oldblue: You give the impression that this placing is a wonderful thing. If something comes of raising money then it can be a good thing. With this company, money goes in and nothing comes out. Let’s cast our minds back, not too long ago, 18 Nov 2019 and the RNS of that date.
It said “ ... the funds raised will a) allow the Company to finalise the development of the new enhanced 6.4kW boiler and seek the associated accreditation with a view to producing a unit for batch trail production and b) provide general working capital”
As usual with In-spirit those words were empty and worthless and have come to nothing. £300,000 vanished and nothing to show for it
The number of shares after that placing was 1,696 Billion “the Company's enlarged issued share capital will comprise 1,696,640,188 Ordinary Shares” Now there are over 4 Billion shares in circulation! You now own a smaller percentage of the company than you did before the placing and John Gunn gets his hands on more money for doing next to nothing.
As my very simple efficiency calculation show, the current In-spirit Stirling is unable to give a Volvo D13 or any other medium to high power engine any significant efficiency gains. You’ll never see Volvo buying anything from In-spirit but the story will be spun for the benefit of the two directors for however long there are stupid investors