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Engage XR – I having questioned just how “strong” the cash position would be at year-end, the answer is… not very!

By Steve Moore | Monday 12 December 2022

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.

Last month I questioned on ‘Virtual reality technology company’ Engage XR (EXR) argues “a huge moment for the group”, but how “successful” is this evolution to be?, concluding with the shares up to 15p ‘I look forward to seeing just how “strong” the cash position remains at the year-end… certainly at this juncture, avoid / sell’. The shares last closed at 13p…and today a “trading update” and they’re now plummeting.

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