Keyword results: John Gunn

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EXPOSE: Inspirit Energy Holdings – shocking accounts and bailout discounted placing ahoy

Inspirit (INSP) snuck out its piss poor results on 29 December at 5.30 pm and today sees its shares down around 14%. You don’t need to be Mystic fecking Meg to know what comes next but a detailed interrogation of those results throws up some ginormous new red flags.

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Inspirit – Time for more Beer and Popcorn in the Boiler Room?

I’m not sure what is going on at AIM-listed Inspirit Energy (INSP) but I notice that a new holder has appeared in the form of Monecor (London) Limited, which now holds 10.3% of the equity. Monecor is better known as ETX – a spreadbetting firm.

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Inspirit Energy – Yet Another Companies House Failing from the Boiler Room

Oh dear, oh dear – I would have thought that the board of AIM-listed John Gunn enterprise (or lack of it) Inspirit Energy Holdings (INSP) would have learnt by its previous errors. But alas, no. For five of the last six years, Inspirit has missed the deadline for filing its Confirmation Statement or Annual Return……and guess what?!

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OCT
OCT
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Octagonal – the innumeracy of Nilesh Jagatia exposed and can it fund its promises?

Today’s RNS from Octagonal (OCTshows clearly that it tells lies and is thus run by a liar in John Gunn.  However, it also suggests that its FD, AIM’s worst FD Nilesh Jagatia, cannot do basic maths and that its promises of a dividend and share buy backs are reckless in the extreme. Ahead of a GM vote on delisting, how can it be allowed to make such pledges?

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OCT
OCT
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KERBOOM: Octagonal admits it told a massive lie via RNS and then tells another – how is boss John Gunn allowed to continue on AIM?

Not only have Octagonal (OCT) and its boss John Gunn both been charged by the SEC with breaking Securities laws but both are now shown to have lied to investors in a massive way via RNS. Today they admit to that crime and then lie again. How on earth AIM Regulation think Gunn is fit to run not one but two AIM listed companies, Octagonal and Inspirit (INSP), defies belief.

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Inspirit – Have you forgotten anything recently, and what about those GIS Debentures?

With all the law enforcement hassles over at Octagonal plc (OCT), which shares the Chairman, CEO and Finance Director in the same roles as at AIM-listed Inspirit Energy Holdings (INSP) one might imagine that their attentions are rather taken up at Octagonal. After all, being charged by the SEC in the USA is a serious matter which could have devastating consequences. So I wonder if anything has been forgotten…….such as this:

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Inspirit – Pressure builds as a non-entity of a statement is released. SELL!!!

At 1.25pm AIM-listed POS Inspirit Energy (INSP) issued a statement relating to fellow AIM-listed Octagonal, where its CEO and Chairman John Gunn, and Finance Director Nilesh Jagatia also reside in the same roles,  whose subsidiary,  Global Investment Strategy is Inspirit’s sole broker – the very same subsidiary which has been charged by the SEC – alongside John Gunn, for aiding and abetting – with violating US broker-dealer registration provisions of the Securities Exchange Act 1934. Given that Jagatia and Gunn make up two thirds of the board of Inspirit, there clearly is a problem here!

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Red Flags upon Red Flags at Night: Inspirit Energy

The pressure must surely be mounting on Roland “Fatty” Cornish as he tucks into his fourth helping of spotted dick with extra lashings of custard this Sunday lunchtime. The shambles at AIM-listed Octagonal (OCT) where he presides as (London’s worst) Nomad is a shocker, as detailed by Tom Winnifrith HERE. But fellow AIM-listed Inspirit Energy (INSP) – same Nomad, same finance director, same head honcho in the form of John Gunn – is surely at risk of suspension this coming week, and it released diabolical FY results to June at 11.22 am on Christmas Eve.   

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OCT
OCT
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Octagonal - the tiny auditor big red flag

Facing SEC charges which will destroy its core business and should wipe out its balance sheet, John Gunn’s Octagonal (OCT) is toast. But were there warning signs? Is the Pope a frigging Catholic? This site warned you time and time again about this company and also Gunn’s other AIM hound Inspirit (INSP) which is surely also a zero now.

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BREAKING: Inspirit shares MUST be suspended as SEC now files charges against Octagonal and John Gunn suggesting massive RNS lie

On Christmas Eve Octagonal PLC (OCT) and John Gunn issued an RNS which is, with the document below, indicates to be a monstrous lie. The Nomad who signed it off, Mr Roland “fatty” Cornish is – as I showed HERE and HERE  – massively implicated in this mess and should be struck off by AIM Regulation asap. But back to the Christmas Eve RNS. It looks to be a massive lie, surely now shares in Gunn’s other AIM listed dog, Inspirit (INSP) must be suspended too.

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OCT
OCT
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Christmas Eve BOMBSHELL: Octagonal is toast as SEC looking to bust company and boss John Gunn, FCA assisting

At 8 AM on Christmas Eve, shares in Octagonal (OCT) were suspended on the AIM Casino. At 1.04 PM, with the market closed and everybody switching off their screens, came the bombshell. Assisted by the FCA, the SEC has charged Octagonal’s main subsidiary, Global Investment Strategy UK Ltd. (GIS), for clearing and settling billions of dollars of U.S. securities transactions without registering as a broker-dealer in violation of the federal securities laws. The SEC also charged John William Gunn, its founder and principal, with aiding and abetting those violations. Kerboom. You cannot say that I have not warned you for years that Gunn – who also runs uber dog Inspirit (INSP) – was a prize rotter.

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OCT
OCT
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BREAKING: Octagonal – another departure from the AIM casino and more egg on face for Britain’s most useless FD Nilesh Jagatia

You cannot say that I have not warned you all so many times that Octagonal (OCT) would end in tears. Corporate Governance and related party deals involving boss John Gunn were shocking and Nilesh Jagatia is, without doubt, the worst FD on the AIM casino. Today came news of a delisting and the shares have collapsed by almost 70% to just 0.7p. I do hope that the Bulletin Board Morons who knew so much better than useless old Tom Winnifrith, were well lubed up.

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Inspirit – An odd turn of events in the Boiler Room……or not!

Chris Heminway has called for an EGM to boot off one member of the board of AIM-listed Inspirit and see himself and one other elected instead. In response to the onslaught, Inspirit has suddenly sprung into action, announcing two deals which saw the shares roof it.

PREMIUM CONTENT

Inspirit – pile up the beer and popcorn, it’s Entertainment time in the Boiler Room on ramptastic news of a "product update"

Yesterday AIM-listed POS Inspirit Energy conceded that Chris Heminway’s call for an EGM had been successful and that a vote on whether to bring Mr Heminway and one other onto the board at the expense of an existing NED will take place on 27th November. It was also announced that Mr Heminway’s holding had again increased, now to just over 9%. But Inspirit has now played its own hand with a “Product Update”.

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Inspirit – Boiler Room Battle takes a shocking new turn

Suspicions that the shareholder register of AIM-listed Inspirit Energy (INSP) were not correct were confirmed yesterday lunchtime (the new no-one-is-watching o’clock) when the company admitted that CEO and Chairman John Gunn’s total interest was not 28% as previously claimed on November 25 last year, but 25.4%. Needless to say, the original announcement was signed off by Inspirit’s hapless Nomad, Roland “fatty” Cornish – the worst Nomad in town.

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OCT
OCT

Octagonal – results for GIS released, so where are the parent accounts?

Tom Winnifrith pointed to some previous anomalies at AIM-listed Octagonal (OCT) where John Gunn (of AIM-listed dog Inspirit Energy) and Nilesh Jagatia (of Teathers infamy) reside. Today, I had an email drop into my inbox…..it is all very odd.

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OCT

Octagonal – CEO Gunn in an EFH-style deal? Is there trouble in the boiler room?

Yesterday AIM-listed Octagonal (OCT) released a Director’s Dealings RNS. Nothing unusual about that, you might think, but the text was announcing that CEO John Gunn was taking a loan secured against his shares in the company. Is he doing an Equities First type of deal?

Inspirit - time for another placing to stave off insolvency don't you think?

We have had no news from the Inspirit (INSP) boiler room run by John Gunn and once graced by the great Dave Lenigas since its last placing completed in early September. By my maths the company is once again insolvent so how about another placing Mr Gunn? As a reminder of the maths...

News from the Boiler Room - £300k placing at 0.12p, conditional on GM at Inspirit

7.45am Tuesday brought news of a placing by AIM-listed Inspirit Energy Holdings (INSP) for just £300,000 at 0.12p. Even that figure had to be propped up by a £50,000 contribution from (corporate Red Flag) CEO and Chairman John Gunn. It won’t last long, even if they get it through a general meeting to allow it to happen.

Inspirit Bailout Placing - tell me there was no market abuse here: look at the chart

Look at the daily chart below. Tell me there was no insider dealing or market abuse going on here. It is that of Inspirit Energy (INSP). And then at 2.10 PM we finally had two announcements.

Inspirit Energy – half-year results claim “adequate resources”. Really?...

Having featured in the ‘New Year bury bad news stakes’ and with questions having been raised about CFO Nilesh Jagatia, I note shares in Inspirit Energy (INSP) remain in the doldrums following half-year results announced on 31st March. I also note the announcement was made at 9.49am. An attempt to miss the usual 7am RNS scrutiny?...

An Open letter to John Gunn at Inspirit and Octagonal - you MUST suspend or fire Nilesh Jagatia NOW!

Nilesh Jagatia the former FD at now delisted AIM bad boy Teathers Financial (TEA) is now enmeshed in controvery not only over Teather's serial ability to file accounts on time but over how shareholder's cash was used not only on entertainment involving semi clad young ladies but also for apparently personal spending by Nilesh. One hopes that by now the Old Bill and HMRC have been asked to have a butcher's. Amazingly Mr Jagatia remains as FD at two other AIM Companies both, as it happens, run by John Gunn: Inspirit (INSP) and Octagonal (OCT). I have now written to John Gunn.

EXCLUSIVE: Inspirit Energy - cash run out? Supplier has to go to Court to get paid

Oh dear. Oh dear. It looks as if the cash position at John Gunn's boiler room Inspirit Energy (INSP) is getting so very tight indeed. With the shares slipping to just 0.24p to sell and there being no sign of jam tomorrow being turned into anything resembling an order, we have just been passed judgement in a court case which closed this week.

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OCT

Octagonal – a nice core business in GIS hindered by conflicts of interest and duff legacy investments, the Inspirit dog with fleas

Octagonal (OCT) published a trading update yesterday which contained some strong numbers from its wholly owned subsidiary Global Investment Strategy UK Limited as follows:

Inspirit Energy - if it is out of cash by end October is it placing ahoy (Again)

On May 17th 2016 Inspirit Energy (INSP) raised £750,000 gross ( call it £700,000 net) at 0.5p per share but since then the news from the boiler room has been limited. The shares have tanked to just 0.29p and, worse, still, basic maths suggests that the jam tomorrow producer will be out of cash again within weeks. Is it placing ahoy? Methinks yes. Here are the maths.

Octagonal Accounts - the dealings with Inspirit, how cosy: what a small world

We know from an Inspirit Energy Holdings (INSP) announcement on 17 May 2016 that Octagonal (OCT) remains a major shareholder in Inspirit and that John Gunn is a director of both Inspirit and also Octagonal. This really is a cosy old relationship between the two AIM POS companies.

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OCT

Octagonal - GIS files accounts: curiouser & curiouser said the white rabbit to John Gunn

After yesterday's farce of John Gunn's Octagonal (OCT) being forced to respond to an article by myself (HERE), it seems that Mr Gunn has been a busy boy. 

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OCT

Octagonal - another comedy classic from Fatty Cornish and another win for the Sheriff

Earlier today I flagged up that John Gunn run POS enterprise Octagonal (OCT) had, in April, promised results in June but had not only not published its numbers (never a good sign) but had also parted company with its auditor last month but not told anyone about it. In direct response to MY ARTICLE HERE, Octagonal fished its corpulent and useless Nomad Roland "Fatty" Cornish out of his four course luncheon to issue a statement. It is another comedy classic from Fatty. Boy he does know how to tell em.

TEA
TEA

The AIM Nightmare board - joining CEO Piers Linney is FD Nilesh Jagatia - check out his CV of doom

Who would you want running the AIM PLC board from hell? Naturally with Outsourcery (OUT) becoming his 39th business failure, or is it 38 I lose track, Dragon's Den flop Piers Linney has to be the CEO. I'd nominate that silly woman from Easyjet (EZJ) as Group Equal Opportunities Officer. The Chairman has to be the patrician twit Gibson Smith formerly at the LSE. The FD...check out the CV of Nilesh Jagatia of Inspirit (INSP) and Teather's (TEA) infamy now on the run!

An Evening with a snake and a hooker c/o Inspirit

It is good to see that Inspirit Energy (INSP) is spending the £750,000 from the bailout financing of last month wisely. Canapes and stockmarket hookers all round.

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OCT

Octagonal – another reminder why John Gunn’s piggybank is uninvestable

I find Octagonal (OCT) such a frustrating stock as, at the heart of it, there appears to be a decent business that can throw off cash and that potentially looks undervalued using standard valuation metrics but while the CEO and major shareholder, John Gunn, continues to use its bank balance as a personal investment piggybank, I have to leave it well alone.

Inspirit Energy - news from the boiler room - yet another placing, next one soon

There has been a real attempt to ramp Inspirit Energfy (INSP) on a six month timeframe ahead of today's placing. There were tweets from my fave Monaco based Colonial with whom I have a summer truce and whom I thus shall not mention, the utterly meaningless share purchases (spoofed ya!) by John Gunn and a series of soft paid for interviews with Sith Lord Zak "Judas" Mir and others when Mr Gunn said there was no need for a placing. So today there was a placing.

Inspirit Energy – look at the competition and tell me Inspirit is not a joke

Last week I pointed out that Inspirit Energy (INSP) is merely a relaunch of a company that went bust and as such any claims that its IP was either revolutionary or valuable were likely to be spurious. Just to demonstrate this compare its offering with that of a listed competitor

The Real story of the Birth of the Boiler Room at Inspirit Energy

Annual accounts and other statements indicate that John Gunn has a very significant holding in AIM Casino listed Inspirit Energy (INSP) which some private investors probably take comfort from. The ally of Jabba The Hutt always says that he is in it with ordinary investors. Well, up to a point. Let's rewind.

Q & A in the boiler room with Inspirit Energy:

The Jeremy Paxman of the financial world, Mr Zak Mir went into the boiler room to interview Inspirit Energy (INSP). Gosh this interview is probing. Not. Over to the Sith Lord.

Inspirit - is director buying just spoofing the market?

And so, in the face of all the questions being asked about AIM-listed Inspirit Energy Holdings plc (INSP), rather than answer them we had news yesterday that the Chairman and CEO, Mr John Gunn, had dipped into the market and bought 5 million shares. But what of the elephant in the room?

Bearcast

Tom Winnifrith Bearcast 18 December: Pensioner mugger WH Ireland time to face Karma

I am still on the prescription pain killers as you may be able to guess. And I am still pondering what to get the Mrs for Christmas - any ideas please post away in the comments section. I end with a question for Jabba The Hutt and Afriag (AFRI): tell me David Lenigas what is happening on January 20 2016? In the podcast I cover Infrastrata (INFA), disappointing news from Armadale Capital (ACP), Inspirit (INSP), Octagonal (OCT) - two John Gunn /Lenigas creations - Asian Citrus (ACHL), eServGlobal (ESG), Impact Holdings (IHUK) and ask the question could WH Ireland (WHI) - full dossier on its sins HERE -  run out of free cash soon? The answer after today is that the pensioner muggers could well do so. Karma.

OCT
OCT

Octagonal – another David Lenigas AIM car crash – looking at its investments number 2

Anyone who was mad enough to back the Octagonal (OCT) placing at 2p this June is already 57.5% down. I guess by the standards of most David Lenigas placings of late that has to be viewed as a roaring success. I first touched on Octagonal as a car crash underway HERE and yesterday discussed its first rum and coke balance sheet entry HERE. But it gets worse (for Dave) and better for me.

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OCT

Octagonal – another David Lenigas AIM car crash – looking at its investments Number 1

Those mug punters who backed the 2p  £1.7 million placing by David Lenigas AIM POS Octagonal (OCT) in June as it snapped up GIS, a firm owned by Big Dave’s pal John Gunn, have done better than most folks backing the fat Aussie share ramper. The shares are now 0.85p to sell, so in five months they have only lost 57.5%. Compared to other Lenigas car crashes that is not too bad.  Now let’s start a series looking at what they actually bought.

Inspirit Energy – waffle from the boiler room but a good long chat with CEO John Gunn

Where is the Inspirit (INSP) newsflow we were lead to expect? A good question and the main reason the share price has drifted back to 1.2p. Ennui. Boredom. A couple of days ago there was an attempt at news. The company said:

ShareProphets Tip of the Week: Buy Inspirit Energy at 1.25p

Inspirt Energy (INSP) is the one non-resources stock in the portfolio of AIM stocks where Mr David Lenigas is involved. And it might be fair to say that to date, his skills in stock promotion have yet to be evidenced in full here. We think this is a binary bet but at a 1.25p offer, it is one worth taking.

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