..30 Mar 2017 14:56
The .1p is the lowest they can place these shares at unless they call an GM and change things which is a bit worrying. (£250,000.00 with allocated permissions from the last AGM at .1p)
Mr. Gunns history with INSP dating all of the way back to the days of Disenco Energy PLC (2006) is also worrying as Disenco went under and Mr. Gunn and co bought it out. Disenco bought the rights in 2003.... I question why it has taken so many years and it has not come into fruition?
"Development of the company’s mCHP technology began in the early 1980s at Lund University in Sweden, in collaboration with Swedish ship and submarine builder Kockums. Subsequently, in 1985 the project was taken over by Norwegian engineering company Sigma.
Inspirit Energy then acquired the rights to the mCHP technology in 2011. The technology was bought out of administration from former TSX Venture Exchange listed Disenco Energy which had developed its own mCHP unit named the HomePowerPlant. However, due to both technical and economic reasons the boiler was not a commercial success.
In July 2013, Inspirit came to market via the reverse takeover of AIM listed KleenAir Systems. In an all share deal, KleenAir bought the 82.95% of Inspirit that it did not own at the time for £3.5 million, valuing Inspirit at c.£4.2 million."
http://www.alignresearch.co.uk/wp-content/uploads/2016/06/Inspirit-Energy-Align-Research-13th-June-2016-Final.pdf