Insig Ai Share Discussion Threads

[churchharbour] 16/1/2023 10:59

Imho the level of share buying and loans extended suggest that insg has a future in the medium and long term .... the reputation and track record of RB does not support a link with fraud .... hopefully it expresses confidence that the future will be materially better than the immediate past !

[pj 1] 16/1/2023 10:27

This is certainly a learning curve for me, although an extremely painful and uneasy one at the moment.

I make that a rounded £440k Director buys, in the open market, since Nov 2021

Normally for me Director buys are worth noting but need to be pro rata to the overall wealth of the Director if you can find it .e. the actual overall risk he is taking (or gambling). Then usually that needs to be cross referenced to how much the Director(s) have taken out previously as remuneration (and guess expenses) to try and add further context. Lots of fraudulent Companys had Director buys in attempts to hood wink investors.

That's why I think, rightly or wrongly that any CEO buys would be more indicative on Director confidence as his remuneration should be low and maintained low(I hope!!)and relatively new to th Business, although off course most of that internally relates to RB post RTO. Im unsure of RB's role in the Co pre RTO.

[pj 1] 16/1/2023 07:56

Another £30k buy from RB. How low would it be share price wise if he hadn't been buying. Nothing from the CEO yet.

[pj 1] 09/1/2023 09:56

Off course the problem with my stock pick could be that it drops to say 5p from here, and then doubles 🤔

[kaos3] 09/1/2023 09:44

I was a huge fan of Bernstein (DLAR & HUR) - but he lost my respect ... preaching and tutoring the others as an activist fund manager... but when his contract goes against him ... he does not respect it .... imo

[pj 1] 09/1/2023 09:37

They perhaps should have included a brief statement ref funding to cash flow in h2 being on track, but others will argue that if they were not then they would have to RNS that.

I'd prefer the former, assuming they are.

I have entered INSG as one my 2023 stockpicks on the simple criteria that if they do reach cash flows forecast then its a doubler from here, or should be.

I have had a few questions as to where any investment case is currently with the funding situation. No-one in the market will buy this currently unless they have managed to unearth any inside info. On paper it is a basket case.

[judijudi] 09/1/2023 07:59

Nico,
If I wasn’t already a holder I would have to agree with you
I think it stinks that the lenders have been allowed (or maybe they forced) the re price
Another £290k drawn down announced today
Going through cash like it’s a running tap
How do they expect to get new investors on board when all they seem to do is issue loan rns’s, draw down rns’s and re vamped deals with lenders rns’s
imho

[nico115] 08/1/2023 11:00

I will be staying away from this .It could well rally BUTwhen I see the largest shareholders lend money on certain agreed conditions and then these are altered because the shares fall this is a big warning sign.What happens if they extend the loan for a further period will they then amend the cost price to 5p ? It's because of this I'm staying away ..this is run for the benefit of RB and DK imho and for me this is uninvestible.

[pj 1] 30/12/2022 13:32

I think we need to welcome all views even if it makes for uncomfortable reading.

It will be interesting to see if or when nico changes his mind if free cash flow comes in before HY2023.

[busterdog2] 30/12/2022 13:27

Yawn zzz. Yh. You've said so on several occasions.

[nico115] 30/12/2022 12:26

Problem is if the co makes no progress a s the shares fall to 10p RB and DK will extend the loan and the change the price of all their options So it makes this uninvestable for me.

[pj 1] 30/12/2022 11:44

Is that you 'adding' JJ? 😛🤣🤣

[banshee] 24/12/2022 12:27

I expect he made it a decent sized buy partly to soften the impact of the CLN revisions. Certainly no-one could fault the scope of RB's purchases in the market.

[pj 1] 23/12/2022 21:45

Another £52k Director buy

And not one comment.

Everything surrounding this Company is bizarre to say the least.

[nico115] 22/12/2022 10:26

Not sure how they can keep changing their cost price !8pct and a huge reduction in cost price Beggars belief

[judijudi] 22/12/2022 09:12

Great deal for the 2 investors which leaves a bad taste in my mouth
And Insig still running on fumes
No wonder the CEO did a runner
imho

[chessman2] 21/12/2022 21:04

Sadly, I'm unable to add any comments of interest.

Even more sadly I still hold my full shedful as at one stage I had quite a bit of faith in our leader RB.

[pj 1] 21/12/2022 19:12

Its clutching at straws but if they can get some good news out very promptly then the £1.1m worth of shares could be worth £2.2m

But of course the opposite applies if this sell off continues and the shares plunge in value unless they have been used to satisfy their debts.

I think we now also have the old issue that the shares here have been that stressful to hold that many investors will be hoping to get out on any spike up, so any re-rate could take some time even if a flow of good news materialises. I note the lack of comments from posters from the earlier days.

[judijudi] 21/12/2022 18:28

This Dog could go under without something special being announced out of the Blue
imho

[banshee] 21/12/2022 13:03

You can't totally rule out some element of coercion, but hard to see RB refusing an extension, that would be a very expensive option for him given his shareholding and substantial buying in the market, especially as this debt is unsecured. Not to mention the reputational damage that would ensue.

[pj 1] 21/12/2022 12:52

Is it fair to assume this is a prerequisite for the Loan extensions?

[banshee] 21/12/2022 12:34

Any subsequent awards would be subject to tax on the value at the time presumably, you cannot avoid taxation by paying yourself in shares, gold bullion etc, though many have tried. Options might be more likely.

Founders shares are a special category in effect.

[judijudi] 21/12/2022 12:20

Very strange
But presumably they can re award themselves shares at a later date?

[pj 1] 21/12/2022 11:58

Nico... odd or unusual?

I cant recall Directors surrendering like this before?

But if it ''succeeds'' then we as shareholders benefit where the 2 Directors seemingly loose out enormously.

That would certainly be a first"!!!!