Incanthera Share Discussion Threads

[andrbea] 05/8/2011 14:54

-16%
looks doomed...

[andrbea] 01/8/2011 11:43

100k buy today (bounce time?)

[andrbea] 02/6/2011 14:32

02/06/2011 09:12:44 INC 10.00 O 155,000

so a buy of £15500

up 9%

[davidosh] 26/1/2011 12:25

Insetco PLC

25 January 2011

INSETCO PLC

("Insetco" or the "Company")

Proposed acquisition of a Life Settlements Business

Board Changes

Further to the announcement on 23 December 2010, the Company was required pursuant to AIM Rule 15 to make an acquisition which constituted a reverse takeover or otherwise implement its investing policy to the satisfaction of the London Stock Exchange within twelve months of becoming an investing company. Whilst the Company was in negotiations with a view to an acquisition, it was not in a position to be able to satisfy this requirement and accordingly the Company's shares were suspended from trading.

The Company is announcing today that it has come to a commercial agreement regarding terms of an acquisition in fulfilment of the investing policy set out in the circular to the shareholders dated 16 March 2010. The Company intends to acquire a business from Integeral Limited and certain other related companies and related business assets (collectively the "SLS Programme"), which is involved in the structuring management and securitisation of Senior Life Settlement Bonds. In accordance with AIM Rule 14, the proposed acquisition will require the approval of the Company's shareholders.

The SLS Programme has been developed by Integeral Limited, a company owned by Mr Daryn Soards and Mr Sanjeev Joshi. Integeral Limited is involved in researching and identifying financial institutions as potential suppliers or acquirers of Senior Life Settlement Policies and the securitised products and investments that are to be derived from them. The related companies and businesses in the SLS Programme provide administrative, management and corporate functions in the exploitation of Senior Life Settlement financial products and will obtain fees, charges and other economic benefits, such as the participation in residual values, for these services.

The Company anticipates that the acquisition of the SLS Programme will enable the Company to fulfil a securitisation order which it has launched for the securitisation of Life Settlement Policies within the SLS Programmes referred to above. This will include the senior life settlement acquisition programme that was announced by the Company in May 2010, which is now anticipated to be progressed through the SLS Programme and which the Company anticipates will be increased.

The Board intends to issue full details of the proposed acquisition in an admission document which will be sent to shareholders. Shareholders will also be asked to approve the acquisition in accordance with AIM Rule 14.

Upon publication of the admission document, and approval of the transaction by shareholders, the Board anticipates that the Company's shares will be readmitted to trading on AIM.

Board and Management Changes

In addition to his current role as Head of Sales, Marketing and Distribution, Mr Clive Cooke shall take on the role of Chief Executive Officer.

The Company also announces that Mr Charles Woodworth, Ms Rosalind Hutchinson and Mr Gary Truman have resigned as directors of the Company. We thank them for their contribution during this period of transition for the Company and wish them well for the future.

The Company will make further announcements concerning board and management changes in the admission document.

[davidosh] 01/12/2010 19:39

and certainly not for me either...

When does the company have to find a business or be forced with suspension from Aim ?

[windass] 01/12/2010 17:46

From Lucian Miers at ShareCrazy

[strollingmolby] 01/12/2010 09:49

Crikey, even Cawky's on this dog !

I also sold Insetco (INC). At 20p Insetco is capitalised at GBP15m. I am completely unable to see a brass farthing in this company.

[davidosh] 30/11/2010 17:48

goz1986....What is the business here that you say is good value ?

[asparks] 20/9/2010 08:56

i'll sell to offset tax on gains elsewhere. That's the only thing this is good for

[pelleeds1980] 18/9/2010 08:17

My average is £10 a share so Im down more than that.

[asparks] 17/9/2010 16:20

pile of poo.

I lost over 90% of my investment in ASG / INC

[bori5] 17/7/2010 11:05

O/T check out IRG. DYOR & GL

[dicko80] 21/6/2010 14:27

is that a new mm on l2 ?

[ton100] 09/6/2010 15:45

Two INDUSTRY HEAVYWEIGHTS chatting about this in Madrid airport Monday. BUY BUY BUY

[cliley454] 21/5/2010 12:29

A nice rise this morning and more to follow imho.
Off topic take a look at MPS, market cap just £400k. I've posted some research on the bb.

[todworth] 18/5/2010 17:59

any lights on here?

[bull_mega] 14/5/2010 19:50

this headless chicken needs to find head soon so it can find way through........and may be learn how to fly high were no chicken ever flayed,say 35000 ft above,that can happened also

[demark] 14/5/2010 15:07

inc is unbelievable. did not wish to invest in shell. but i did have nibble on on wednesday 12/05/10. yesterday it was suspended. contacted london stock exchange, nomad and insetco. they were brilliant except insetco.

today made 75% return. not bad.


dyor

[gangus23] 05/5/2010 16:23

Bull, care to explain your post in english, if you think I support this then you are sadly mistaken