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Xeros Technology – another of Neil Woodford’s disastrous ‘revolutionising’ picks… so “Fundraising” (materially discounted, natch)

By Steve Moore | Friday 5 April 2024

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.

Most recently on Xeros Technology (XSG) last year with the shares rising to 4.15p, I wrote agreement with “potential to deliver substantial revenues”… so also the potential not to & how’s that balance sheet? – concluding that it was looking towards a funding crunch AGAIN and still a Sell. The shares most recently closed at 1.85p and now a “Fundraising”…

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