Member Info for Phimx

Novicehunter: Appropriate for the In spirit comedy show. The joke RNS scripts make my day.

I don't think John likes spending what he thinks is his money. He hasn't spent the hundreds of thousands raised for certification on the actual certification but where did it go ?

Must have pained him to spend money on those warrants to keep CH off his back.

Removing a director that has little support and even less shares should be relatively easy. See how VAL did it and also how it was attempted at INSP recently. More disgruntled shareholders should start becoming proactive, especially if you have 2 or 3 percent of shares in issue. A few relatively small holders could make a significant impression. If nothing else it will scare the s***e out of complacent job-for-life directors. Meeting costs can be charged to the company.
The resolution will be passed if a majority of the votes CAST are in favour. Obviously this will tend to be less than the shares in issue due to apathetic holders.

So you only need to gather support of 10% of the shares of UKOG, since the directors appear to have virtually none then the rest must be available somewhere out there, presumably many percent are in private and disgruntled hands. Propose a resolution to remove any director that is not pulling his weight and propose a replacement or hire one.

The following is redacted from The Companies Act 2006

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303 Members' power to require directors to call general meeting
(1)The members of a company may require the directors to call a general meeting of the company.
(2)The directors are required to call a general meeting once the company has received requests to do so from—
******
FOR PUBLIC COMPANIES THIS REMAINS MEMBERS WITH VOTING RIGHTS HOLDING AT LEAST 10% OF THE PAID-UP CAPITAL. FOR PRIVATE COMPANIES THE THRESHOLD IS 5% OR 10% OF THE PAID-UP CAPITAL
*****
(4) A request—
(a) must state the general nature of the business to be dealt with at the meeting, and
(b) may include the text of a resolution that may properly be moved and is intended
to be moved at the meeting.
(5) A resolution may properly be moved at a meeting unless—
(a) it would, if passed, be ineffective (whether by reason of inconsistency with
any enactment or the company's constitution or otherwise),
(b) it is defamatory of any person, or
(c) it is frivolous or vexatious.
(6) A request—
(a)may be in hard copy form or in electronic form, and
b)must be authenticated by the person or persons making it.
*****************************

Buffalo: Investors like Oldblue never see sense, they are blinded by the pound signs dancing just out of reach, the AIM pot of gold. The boards of full of idiots that could have grabbed a profit but were waiting for the big kill, which never comes. Oldblue will day dream of INSP reaching 50p and him becoming a multi-millionaire but even then he would be thinking, this could hit £1 and he would hold.

The boards are full of people that get too greedy and miss their chance. He probably bought lower than the current price so he has a chance to walk away but he won't. The investors in OCT won't be walking off with millions but JG and his sidekick will.

Novicehunter: you meant, I think, nothing of substance for 5 years.

The absolute reality is nothing, nothing whatsoever has been produced by INSP IN 10 years. Meanwhile millions of pounds has passed through the front door and phooof converted into smoke.

There have been many many discussions - allegedly. There have been many RNS statements claiming achievements and developments but not one single scrap of evidence. Design for Manufacture, ongoing for 3.5 years and counting. ' Teams' toiling away through Covid on several projects - allegedly. But still not a single contract for certification or production of a single item

Dream on suckers

Oldblue: I haven't read buffalo's posts in FLOW but assume they are along the same lines as here. What we can say, without a shadow of doubt, looking back with hindsight .... Buffalo was RIGHT and his detractors were wrong.

And one day we will look back at this 'company' if you can call one man and a part time accountant a company and with hindsight, see the same sorry outcome

Netzeroready: nice and subjective, just like an INPS RNS.

Oldblue: you are suggesting that the derampers, for want of a better word are doing something to INSP and Buffalo 'did' something to FLOW for them to fail. Both companies had no viable products otherwise they would now be out on the shelves. John Gunn made the promises and raised the money but didn't deliver. He continues to take your money and continues to fail to deliver.

You continue to blame others for this fiasco of a life style company but you well know where the blame lies. Your money is at risk and you don't want to hear the truth but you cannot change what is true - the Charger will not go on sale.

Novicehunter: i smell a faint odour of BS. I interpret your answer as - INSP didn't reply. It was to be expected.

Novicehunter: and your reply from Insp was. ....

RNS 18 JULY 2017 :

To this end, improvements to the design of the Company's Stirling engine technology, including simplification as part of the 'design for manufacture' ("DFM") process...

My mistake, this has been peddled since 2017 3.5 years of the same old D for M. John Gunn must believe he has the dumbest investors in the whole of AIM. Year in year out he copies and pastes the same old blather and feeds it to the punters. What's worse they lap it up and even defend him. UNBELIEVABLE

RNS 17 July 2018:

The DFM process is the means by which the manufacturing cost of the technology is reduced through engineering improvements and through improved manufacturability. The DFM process has already yielded several engineering improvements and manufacturing cost reductions and more are expected. Improved manufacturability leverages volume based cost reductions which will be available once commercial production

2.5 years this rubbish has been used to suggest production is about to start.

A JOKE

How much longer can the 'Design for Manufacture' run for.
There's only the Stirling engine, a burner an off the shelf circulating pump, a few contactors, a few sensors, a bit copper pipe and some steel nuts and bolts in a cheap enclosure.

This excuse has been used for 2 or 3 years now.

I'm assuming the next excuse to run for more years, will be discussions with a contract company for production. That sounds good to put some more wonger in the JG bank account

Oldblue: have you contacted the company and asked the serious question " according to the PROJECT PLAN when do you intend launching the Charger"

As John is busy running from cane to cane, keeping the plates spinning I doubt he will know where the project plan is.

Ask the question - it's your 30 million shares !

Oldblue: I think another EGM should be attempted but this time to oust JG and NJ. You could be nominated as CEO and pick up the 80,000 salary. You won't have much to do and I could write your RNS statements. We could blag this out for several more years. The Hydrogen application alone could run for 10 years. We could ring up various large organisations and ask if they would be interested in free electricity from WHR and then write that we are in discussion with say Tesla for battery charging or powering SpaxeX satellites. Come on Oldblue we could get rich, it will only cost a few RNS. You up for it ?

Oldblue: Picture the scene, the In Spirit office Friday afternoon, oops forgot no office. Well try your best to imagine the In Spirit office, Champagne and canapes sat on the desk ready for the 'team' to celebrate another successful weeks graft! Ding ding - "John we have an email from that chap Oldblue, he wants to know when we are launching the Charger"
Switch to Smash advert with Martian robots c1985. Little robot chortle from JG Charger ?
"Yes, the launch" hah hah ha

Team roll on the floor in fits of Martian giggles
Hah ha hahaaa. Ha

Oldblue: put your misguided faith to the test and email In spirit, ask them when the Charger launch is scheduled in the project plan. They don't have to give anything away, just the approximate decade will do!

My money is on you not even getting a reply.

Oldblue: don't mock too loud, it simply means there is little interest in this share. You could be the only long term holder, everyone else is trying to make a fast buck on any spikes. That's not very good for you but probably you even realise that!

30 million shares invested in a concraption that's never going on sale, what a waste of money.

I wish I was wrong, truly. It would be nice to have some faith in the workings of the stock market for Mr. Joe Public. Unfortunately AiM is nothing more than a roulette table. For the gamblers that understand that's fine but many unfortunates don't realise what they have invested their hard earned into.

The conduct of Inspirit isn't that of a company with a world leading product. Virtually every single RNS has failed the test of time and shown to have been mere worthless words on a piece of paper. Given the evidence before their very eyes, people like Oldblue continue to support John Gunn. Only Oldblue knows why!