Kleenair Share Discussion Threads

[marcoos72] 29/6/2013 09:48

Hmmmm, afraid I will have to agree and put this one down to bad judgement. I cant see any value for shareholders at present and how did they reach a valuation of 3.5 million? for a company that hasnt won a contract yet and who's assets are valued at a fraction of that. Someone will make money out of this but it seems at the expense of shareholders. Not a happy bunny today as hoped a contract annoucement was on the cards!!!!
I suppose the share price will open up sub 1p....

[whereareallthemugpuntersyachts] 28/6/2013 16:00

Looks like they have bought an awful business which has never been any good and just brought bankruptcy to previous owners

The business of Inspirit was originally owned by Disenco Limited, a wholly owned subsidiary of Disenco Energy PLC (a company previously listed on the TSX Venture Exchange (TSX-V) in Canada) ("Disenco"). The business and certain assets were acquired out of administration by Somemore Limited, funded through a finance agreement with John Gunn. In settlement of the finance provided by John Gunn, Somemore transferred its holdings in Inspirit to John Gunn on 12 January 2011. Since January 2011, John Gunn has transferred a number of his shares in Inspirit to certain of the original shareholders of Disenco and other associates for nil consideration in recognition of their former investment in Disenco. John Gunn was a director and shareholder of Disenco when it was listed on the TSX-V in October 2006 but resigned as a director in November 2008.

[whereareallthemugpuntersyachts] 28/6/2013 15:58

Actually it is worse than a 1p placing because the subscribers got free warrants so in effect it is a sub 1p placing

[whereareallthemugpuntersyachts] 28/6/2013 15:47

1p placing

[marcoos72] 20/6/2013 10:44

Thanks for the heads up on this one, just got in on time. Looks like inspirit could have a possible order for 500 production models with one company which is worth 5m. Lets see how this plays out

[kammy] 19/6/2013 08:24

How long will this suspension take?

[mistermagoo3] 10/6/2013 18:05

M man are you saying a rise to 13p??

[m_man] 10/6/2013 17:33

Now it's suspended, where do you think it will open after it starts to trade again.

This is my analysis:

Supposing the RTO goes as planned.

My guess is the target is inpirit Energy, which is mostly owned by John Gunn.

If it is so, why will an RTO come into the picture unless and until there is a possible major revenue about to be generated.

So I suppose where this will re-open would depend on the possible potential revenue.

Now without any revenue this company is valued at present is 1,190,000.00 GBP

They have 73139505 shares in issue

Per share valuation of the company at suspension is 0.0163

So for every million pound potential revenue

The share price should rise by 1,000,000.00 / 73139505 = 0.0137

Lets see what happens

[bobs good eye] 07/6/2013 07:55

Website back up.

[jumbone] 05/6/2013 15:03

Why this sudden interest here and the volume ?

Till 31 May 2013 from a year ago total traded less than 3.5 million in 60 trades

Then in just 2 days, 03 June 2013 & 05 June 2013 -- 1.4 million traded in 14 trades.

Looks very suspicious.

Did a lot of digging.

Surprise surprise.... surprise..... KSI's only investment is in "Inspirit Energy Limited"

But their website is mysteriously and suddenly down today (www.inspiritenergy.com)

Then looked at the Google Cached pages and came across a presentation and on page 19 this info:

Established Commercial Relationships

McDonalds

• More than 1250 restaurants in the UK. Annual turnover is £1.5bn.
• McDonalds HQ confirmed in June 2010 that they were very interested in mCHP. Most
restaurants open 18 hrs a day, seven days a week and there is a high demand for heat in the mornings and evenings.
• Have been quoted £10 K per model.
• Described mCHP as a leading technology in its field.
• Happy to purchase 2 for their Sheffield branch as a trial.

Centrica (British Gas)

• Centrica has 1 million customers in the SME market, including care homes, breweries, hotel chains and banks.
• Control and manage a large maintenance and installations network across the UK.

• Willing to explore the possibilities of working with Inspirit Energy in developing a strategy for a working partnership with regards to service, installation and distribution.
• Will consider purchasing a number of appliances to use in their own facilities.
• Centrica confirmed that over 1m customers would be satisfied by mCHP. They were very impressed with what they saw.
• Will purchase 2 for the Centrica estate by 2013 and look to develop a distribution agreement
-----------------------------------------------------------

Their project cost of these mCHP boiler is £ 4,400.

But they have sold them to McDonalds at £ 10,000 each

The question is is there a big Order from McDonalds / British Gas ?

That would be a logical reason for this spike.

For now I am guessing, But following the money, a lot of activity might happen.

Especially since they have more than a dozen patents on mCHP and mCHP is considered the leading technological product

----------------------------------------

Another big surprising info.

The ownership of Inspirit Energy Limited (the only investment of KSI) is

John Gunn (He is also the Executive Chairman of KSI): 81%

– KleenAir Systems International plc: 17%

– Sarah Pozner: 2%

------------------------------------------------

If my suspicions are correct, this is a major multi bagger.

However DYOR

[pre] 05/6/2013 12:56

wrong thread.

[pugugly] 14/12/2010 11:22

Anyone still following ?

Any value left ?

[dnfa1975] 24/7/2010 21:44

SERIOUS LOSS OF CAPITAL

On the basis of the Company's financial information for the year ended 30 September 2008 and the
financial information for the period ending 30 June 2009, the Directors concluded that the value of the
Company's net assets was less than half of its called-up share capital as at such date. In such
circumstances, the Directors were required under section 142 of the 1985 Act (now section 656 of the
Act) to convene a general meeting of the Company for the purpose of considering whether any, and if so
what, steps should be taken to deal with the situation.

At that time, the then Board was not made aware of the statutory requirements. However, the then
Directors did take steps to improve the Company's financial position by approaching creditors and
agreeing the CVA. Notwithstanding these efforts, the Company's net asset position has not improved
markedly since then and as a result your Board considers it appropriate to address this issue at the
General Meeting.




do they have any cash left>?



RESTATEMENT OF SHARE ALLOTMENT AUTHORITIES

Owing to various administrative oversights, the resolutions set out in the notice of annual general
meeting dated 14 August 2009 contained a number of material inaccuracies.

Due to an error in the September Resolutions purporting to increase the Company's authorised share
capital, the Board determined that the section 80 and 89 (CA 1985) allotment authorities contained in the
September Resolutions could not be relied upon. As a result, the Board is seeking renewed and revised
Shareholder approval for the allotment of shares in the capital of the Company, free from rights of pre-
emption, as set out below.

In light of the defects highlighted above, Shareholders' approval is being sought, pursuant to Resolution
3, to authorise the Directors to allot shares in the capital of the Company up to a maximum nominal
amount of £1,500,000, of the Company's issued ordinary share capital as the date of this letter during the
period up to the conclusion of the next general meeting of the Company or 15 months from the date of
the General Meeting (if earlier).

The Directors intend to make use of using this authority within the next 6 months following the issue of
loan notes as announced on 23 June 2010. More detailed announcements on these proposals will follow
in due course.



Wonder what other worms there are?

[looky] 06/2/2010 01:13

Anyone who bought these shares should have a look at the FSA finding against Falcon Securities

[dilly4] 22/11/2009 15:17

this share looks doomed.

[tadska] 26/8/2009 13:45

How somebody bought 5000 shares???

[looky] 21/8/2009 07:05

was that montague pitman?

[tomboyb] 05/8/2009 12:47

thank you bluenose. can't buy any stock at the moment. and good luck.

[bluenose851] 05/8/2009 12:40

tomboy...havent read it all but they are to consoldiate their shares 10-1...im would guess that they have raised at 10p but the current share price will be 20pence odd after the consolidation

[tomboyb] 05/8/2009 12:34

where are these 25k trades coming from. i've only been quoted 1.5k online. anyone?