Member Info for Phimx

The bottomline: what mistakes did we make. I invested in a company that had to perform some routine engineering work. In the N-E we have been building mine shafts since about 1880, with far less advanced tools. I still don't understand why funds with billions to invest think SXX is a great risk. If you have 10 to 100 billion to invest you need big projects, the alternative is a million little projects. What projects are without risk? If there was no risk they would pay little returns. Was the end product a risk, no it appeared well researched and there was demand. No doubting something the entire planet could do with. The tunnel a risk ? No just another tunnel albeit quite long. The material handling site, no just another site to develop with mundane technology. We bought in to a good project with bad decision makers. CF trying to hang on to his 124 Million share of the company at all costs until it was too late. The shareholders, the owners of the company, weren't even given the opportunity to be given the chance to contribute and make some good interest. They were kept in the dark. How much is left in the bank account? Time will tell if the project was a mistake but I'm betting it will be a great success and all those gains that would have gone into the local community will go to AA. They will shaft Britiain's tax system and the local community is now greatly impoverished. NO MISTAKE BY ME, I WAS MUGGED

Oldblue1973: Are those your words you're speaking or mine

Just about to buy myself. See it as an almost no lose bet, apart from 0.5% stamp duty of course. if there is a counter off on Monday morning then a good gain to be had. If not, then I still get 5.5p.

How long can a company run on borrowed money ????

"There can be no assurance that the Group's projects will become fully developed and reach commercialisation nor that there will be sufficient cash resources available to the Group to do so. "

SAYS IT ALL

Final Results 30 Dec 2016:

'The Company also announced it entered into a collaboration agreement with the Chartered Institution of Building Services Engineers (CIBSE) to produce a formal peer review, by evaluating Inspirit's micro-CHP boiler, the "Inspirit Charger", against other micro-CHP products currently available in the market. CIBSE provide project management, execution and implementation in order to gather the data necessary to produce a report. The Company will provide access to its field trial data as well as offering technical and commercial guidance. It is expected that the final report will be published by the end of 2017'

Can anyone tell me the follow up to that statement ?

From the web site:

Inspirit Energy is strongly supported through investment in its share by its directors, demonstrating the deep commitment to its long term success which exists in the management team.

Sounds very impressive until you look at the shares owned by the directors, then you realise " strongly supported " actually means " pocket money"

Hamodeh82: Have you read all the previous RNS statements? Have you listened to the videos of John Gunn? If you have then you wouldn't be in the least surprised there is no follow up. The company seems to comprise of John Gunn and ..... Erm not sure there is anyone else, so perhaps there is no one to actually write any follow ups. This must be a part time interest for him with his other businesses.

Oldblue1973: Why not, there was a RNS saying we have a demonstration in Sweden during January .... And !

If they don't intend following up, why mention it in the first place?

Just another teaser like many other RNS statements without a follow up.

How far has it progressed ?

Calamari: that's a very good question, why didn't they? Surely the building of a simple mine wasn't really that high a risk. If you have billions you need to invest big, you can't invest in corner shops! What other large scale projects present less risk? Perhaps they were too busy shorting at zero risk

It's a damned small risk once the monies raised. Smaller risk than dying from Corona

Has he ever heard of that word

There must be thousands of savers out there who don't know anything of Sirius but would love to be getting 10% for a small risk. Instead of watching their savings disappear

He certainly hasn't explored ALL the options on behalf of us, that's for sure

I' d bite his hand off for 10% .... Or maybe just bite his hand off

Ask why the people of Britiain can't be partners ....... If he asks and promotes it

Are the big investors going to throw millions away ?

And perhaps others could too

Why believe a word they say. AA will pay more