Insetco Share Discussion Threads

[bckttsim] 24/7/2014 07:27

These are going going to rise soon,I can feel it coming.

[bckttsim] 23/7/2014 16:08

Should get RNS soon.Perhaps the buyer went to the AGM today.

[bckttsim] 23/7/2014 15:14

11 mil buySomeone knows something's going to happen.

[bckttsim] 23/7/2014 07:11

£50 trade gone through ........ Looking good......LOL

[bckttsim] 23/7/2014 07:08

AGM today! you never know maybe some news to how this is being turned around.

[wiloughby2] 18/7/2014 06:31

So convert the whole lot and have a one hundred thousand to one consolidation and move forward. Is there a future in the business ? Or is this just an interesting shell

[tomboyb] 17/7/2014 15:25

18 June 2014

Insetco plc
("Insetco" or the "Company")

Loan Note conversion, issue of equity and total voting rights


The Company advises, further to the announcement of 23 May 2014, it has received a request to convert a further £25,000 of convertible loans into 100,000,000 shares.

Following this conversion, the Company will have a total of £153,700 of convertible loans outstanding.


so 25k for 100mill shares - Loans outstanding is £153k - that would equate to over 600mill shares -

[tomboyb] 17/7/2014 15:22

I think last placing conversion stock was at 0.002p - current share price is 5x that level - I think there may be more stock converted

[leopold555] 17/7/2014 14:40

Was tempted for a quick punt but looking at the chart it is just a stairway to hell. No spike ups or anything so if I bought 3m I would probably only be able to sell 20 shares at a time lol

[jaws6] 25/5/2012 09:21

some AGM news ?
will they manage to sort them out ?

[h34thgolding] 30/3/2012 14:39

Is it time to buy?

[andrbea] 05/8/2011 13:54

-16%
looks doomed...

[andrbea] 01/8/2011 10:43

100k buy today (bounce time?)

[andrbea] 02/6/2011 13:32

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 ?