Xeros Technology Share Discussion Threads

[wheeze] 06/4/2024 12:30

Thanks slicethepie - you are correct there. Which leaves the question, who has bitten off a big chunk of the company? They have promised to break even in FY2 2024, so presumably anticipated revenues are sizeable. The conspiracy theorist in me thinks this is giving some party behind a massive short a way out. I am deeply distrustful of the AIM market having witnessed so much shenanigans over the years. The question is if they are expecting to break even in FY2, why raise so much capital at this late stage giving away such a big chunk at an all time low share price? Any thoughts?

[slicethepie] 06/4/2024 08:21

Please read the related party section of the announcement. This shows what the related parties intend to invest and the resulting holding if all shares taken up

[wheeze] 05/4/2024 16:46

See todays RNS - shares in issue not at the 500 million mark as yet

[slicethepie] 05/4/2024 16:05

Look at the related party section of the announcement....

[wheeze] 05/4/2024 15:29

The Canacord 18.49% was declared on the 8th of Feb. We do not know what percentage they currently hold.

[wheeze] 05/4/2024 14:59

These were there holdings which preceded the current issue. See previous holding RNSs last year

[slicethepie] 05/4/2024 14:38

See below, cannacord only contributed £200k, LO contributed £500k Canaccord Genuity Asset Management Limited38,809,14618.49%13,333,33352,142,4799.03%Lombard Odier Investment Managers22,893,26610.91%33,333,33356,226,5999.74%

[wheeze] 05/4/2024 13:42

I agree. 4.5 million is not a trivial sum of money to buy in to what is effectively three fifths of the company. This has lifted the market cap, though sadly diluted long term holders even more. Canacord owns near twenty percent of the company- perhaps they have upped their stake ?Nobody would have sunk money into this if they thought it would fail. Hopefully the last of the dilution. Look forward to see how this plays. I suspect a significant number of bets outstanding against this stock - a lot of idiots thought this was worth nothing. They must have choked when they saw the RNS. lol

[randerson19] 05/4/2024 09:54

2/3 of market cap raised is a RESULT in this sh1tty market.

That's a big raise by all accounts so instos must like the look of something when they are giving up on a lot of AIM cr4p.

[timbo003] 05/4/2024 09:28

>>>>DaveMac, I think the most likely explanation is that that one or more of the EIS placing participants wanted their allocation issued in tax year 23/24 rather than tax year 24/25

[davemac3] 05/4/2024 09:18

Looks like they were so desperate for cash, otherwise why would some of the new shares be admitted today?

[wheeze] 05/4/2024 06:32

Shorts fried

[slicethepie] 04/4/2024 21:13

Clearly not leaked ! I fully expect the fca to look into the sales activity over the past 2 weeks .....fat chance!

[jpuff] 04/4/2024 18:00

Back yet again with the begging bowl to fund the Exec's over inflated pay packets. When are shareholders who by the way actually own this pos suppose to get something from their hard earned cash invested here? It's a waste of space and a scam of the highest order. AVOID!

[hugetakeaway] 01/3/2024 13:53

It will never get anywhere near breakeven.. Ever

[timbo003] 28/2/2024 12:03

The bid price is now below the price paid by the warrant holders (like myself) at the end of January ☹️

The question I have now, is with the cash in from the warrants, will the company have enough cash runway to get to cash breakeven without another raise?

[wheeze] 08/2/2024 15:03

Now 13 - presumably just reporting change based on new denominator for calculation of holding as now diluted

[wheeze] 08/2/2024 13:46

There have been 12 RNSs over the past one month with regards to holdings in Xeros. Something is cooking in the kitchen.

[wheeze] 07/2/2024 14:50

Wtf is Lombard Odier playing at ?

[xom] 07/2/2024 08:59

Looks like a beginning of a rumpety pumpety..... then dumpety.

[wheeze] 07/2/2024 08:58

So huge no brain and XOM are the same bot - they post the same rubbish about checking maths- best ignored. Meanwhile the price marches on

[hugenobrainer] 07/2/2024 08:27

Presumably thinking they can sell it on at a profit to stupid retail,who don't read the actual trading facts:Which are:They lost on average 483,000 of cash every month H1 2023..Their average revenues were 19,000..A wholly unsustainable business model, unless they can find yet more cash from a placing..........In short going bust.........I'd stay off the conspiracy and get on message to the company.At last report H1 2023:. A How much cash on average per month was the company losing?B How much revenue on average was the company receiving?.I'll check your maths later.

[wheeze] 06/2/2024 16:45

lol Babbler - don't expect an answer from a bot. You will get the standard response Expect further upward momentum tomorrow