By Nigel Somerville, the Deputy Sheriff of AIM | Monday 25 November 2019
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
This morning AIM-listed Inspirit (INSP) offered up a cheerful RNS stating that £804,000 worth of convertible loan notes were being converted at 0.07p (the minimum price possible) and that thus the Company has substantially reduced its debt close to zero and we hope that this reduction in debt will provide the right base from which the business can now grow. The implication is that all is well…..until you look at its last stated results, the interims to way back last December. "Growth" my foot!...
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