Member Info for sms1982

It'll just come out of the blue one day, and assuming it's a RTO as expected we should suspend like CEB have and await the deal to be signed and sealed.

Agreed, some crafty work being played by the mms. Definitely mates rates as said yesterday, and putting everything through as sells while people load up on the cheap. Meanwhile the illusion is given that everyone's selling and it's on the way down. How many times have we seen a squeeze prior to news being released? Not falling for that one, buy and or hold.

Only their patience, (or lack of!) Fundamentally it's not changed not one bit. Watch these people buy back a lot higher soon when the rest of us just simply held.

That's a bit morbid! Plenty of money making opportunities before that happens. Starting with right here.

Trades are finally being shown correctly, been all sells past couple of days. Expecting a good push this afternoon.

Hi all, I no longer hold as got out not long after TW got his claws into this stock, but just wanna say I'm really feeling for you and I'm really disappointed that there was no RNS at 7am to clarify the position, even if it simply said thart a NOMAD hadn't been found. Long term sufferers now have to assume that the shares have been cancelled by default but something of this nature should have been formally clarified on the deadline itself. (7am today). It was the poor communication that made me quit this share as well as the suspicious dealing and the ridiculous amount of time it was taking to simply get 300k through the door. I really hope you can all recover from this dog of a share. Best wishes. SMS.

Update re general meeting Thu, 23rd Apr 2015 13:18 RNS Number : 1509L Insetco PLC 23 April 2015 Insetco PLC ("Insetco" or the "Company") Update re general meeting 23 April 2015 ? The Board of Insetco PLC (AIM: INC) announces that the resolution to validate the contracts of service and share options to be awarded to Ivan Couchman and Barry Heath has been withdrawn from the general meeting to be held tomorrow 24 April 2015 at 400pm. This resolution was the sole resolution to be proposed at the meeting. It is now intended that the service contracts will be validated at the next Annual General Meeting (which will convened following the publication of the Annual Report & Accounts for the year ended 31 December 2014). In line with the AIM Rules for Companies, the share options will be awarded, subject to approval of the Company's independent director and the Company's nominated adviser, at a point at which the Company is both out of the current close period and has appointed a replacement nominated adviser.

Thanks goodness I got out of this just in the nick of time. Broker gone and now suspended.

Add to this the 37.50% spread, about as inviting as a punch in the face.

Morning Millertime and thanks for your comprehensive post, and sorry for slightly misquoting you about the discussions you've had with IC. This is definitely become a LTH for me now rather than making a profit off the 300k contract, it's obvious that there's a few more hurdles to overcome in the meantime but that's no issue. I just hope I can add a few more at this low price before we make a significant move. All will come good eventually I'm sure, as always with AIM it's all about patience. I'm glad the cash position is healthy so hopefully no more conversions until we get some positive news. Cheers again.

Yes quite a recovery! I must admit I'm pleasantly surprised as was expecting no recovery, although I did mention I felt the drop was disproportionate, however once it was down I didn't think it would recover so quickly. So clearly after the dust had settled people agreed about it being oversold. A few questions do need answering though for us to go much further; 1: Broker (although we've still got time yet) 2: Any truth in TW's allegations and any further action 3: Future contracts. With all these 3 answered I think 0.1p can be achieved again and with the first contact in place it could double or even triple that. There is money to be made here I feel, but could be a bumpy ride along the way. I'm holding in the meantime. Thanks for your post bdog, I hope you find reason to buy back in soon. Atb.

Evening; the best way to find our majority shareholders are looking at the "holdings in company" RNS's. Also an issue of equity was given to Windsor Investment Funds LLP for 210,000,000 shares. In terms of the people behind the deal I'll be honest I'm not sure, when I made my investment I felt no need to question to integrity of the company given IC's proven record. So it was a shock to me when these allegations came out, Millertime is a regular poster / investor here and says he's personally spoken to IC regarding this and is as shocked as we were about what happened last Thursday, and will respond if appropriate. Personally I do think it will settle a lot of questions if a "response to press speculation" RNS gets released. Let's see what happens.

Morning Ten It honestly depends on whether the investor believes that the broker issue could likely be resolved quickly. Although you can't apply past experience as a guarantee for future success, if you've seen this before and more times than not a company doesn't de-list off the same reason then one would be inclined to risk a bit of capital in order to get a better buy-in or top up price. If you wait until it's resolved you will likely pay more than these prices. I'm personally holding as I don't have available funds to top up anyway and I don't feel it's come to the tie yet to sell at a loss. I agree uncertainties do need to be resolved in order to get the majority of the punters back in here but some will always chance their arm based upon their interpretation of the rick involved. I thought it would be 0.03p to be honest so it being back to 0.05p is a pleasant surprise, now let's get some stability please IC.

For tomorrow, for those invested and also for who pulled out but are looking for a reason to reinvest again. My genuine feeling is that it was oversold somewhat but any story about potential fraud and didn't help having the broker resign which raised suspicion. Whether the 2 are linked I've no idea but share muppets are very fickle and often dramatise everything to suit their needs. I'll look forward to hopefully a RNS which gives us stability and clarify the situation with why the DD is taking so long, an update on talks with the new broker and give us all further reason to hang around longer. I also feel downside is definitely a lot less than the potential upside, but those who panic sell further will get bitten badly by the high spread so personally I'd wait and hope for a reprieval before pressing the sell button. Finger crossed for a marked improvement in the new financial year, best wishes all.

Afternoon lads, it's totally understandable that after Thursday people like you sold out, given the double setback the SP plummeted. Whether you sold or not I don't think either the "in or out party" are satisfied; one has suffered huge losses while the other sits on huge paper losses. Tbh i didn't sell as it simply wasn't worth it, this is the reason as much as anything but I've a new opportunity to buy way more than I've got for a much lower price. It's stick or twist time. It's also a gamble to buy in at the moment with no clarity on the broker situation or a reply (if at all) from Ivan. It could well go down a little bit more but I do feel the bottom is about reached. The spread will not reduce either until the panic selling is over. Do you buy in now at rock bottom prices and gamble that it'll be okay? Do you wait until clarity is given by the companybut be scrambling to get in at a higher price? Or if you're still in do you just simply hold? It's gonna be a very interesting week that's for sure.

Morning Miller Thanks for your detailed post. As you're a long term investor who's invested a lot of money in INC, and even though you can only say so much, the fact you're still not phased by what's happened says a lot. I totally agree that there's very limited downside from here now, sadly the world of AIM is full of people with agendas / shorters looking to screw PI's out f money to top up themselves on the cheap. I would like a response from IC as someone has destroyed the SP of his company so letting him just say what he has without retaliation to me either says that TW is correct or hasn't got the proverbials to challenge a hater. Either way it's not good, As you pointed out before, the spread isn't likely to close in the next couple of trading days with people possibly still panic selling, I think it's definitely looking for an opportunity and hoping we get some form of stability after the broker resignation and TW's article. Tomorrow will be very interesting. Thanks again for your input, I enjoy reading your posts as they're very informative and a good read in themselves.

Cheers again Miller and for all your honest but encouraging posts over the weekend. That's no problem about not being able to buy vast amounts as my budget is very small anyway. The maximum I'd be able to buy is 100 quidat a time and about 400 quids worth overall unless one of my other shares comes in, in which case I'd buy a few more. I'll wait until the spread drops anyway as think hopefully there's gonna be a period of consolidation with a reasonable spread before our move back up north again. I'm in no mind to sell so now just waiting for an opportunity.

On the cheap? I will be asap, I can feel a right bounce from here should there even be a slight change in sentiment. It's definitely been way oversold. Tuesday will be unpredictable but the point is still the same.

Evening lads, thanks for the clarification on the conversations you've had with Ivan. It's also nice to know there are still some of us still here after yesterday's massacre. It's very lonely and nerve racking when you're in a share by yourself and you have solely your own judgement to rely on. Miller I appreciate too your confidence about the company even despite the allegations about being connected to fraudsters. This is a serious accusation and will be very interesting to see what happens next week. That 0.04p share price is very tempting to average down on I must say. I don't think it's ever been this low before, even when Ivan wasn't part of the company. I'm sure the broker situation will resolve itself within the month and so it's just down really to this SP recovering. Surely it won't get any lower, and with a market capital of less than 700k plenty of upside. I'm sure within a couple of weeks the SP will recover somewhat and it'll just be back to awaiting the 300k contract. Fingers crossed.

I'd be disappointed if IC didn't come out fighting considered the majority of the drop was not due to RNS. The price was recovering at 0.065 when the article was released. I'm not selling at these levels, I'd barely get more than my trading fee back so I'll hang around and wait for a reprieve. Even 200 more quid could buy me 500,000 shares right now and with a much healthier average, then just pray something good happens thereafter. Best of luck with wherever you are now instead.