Xeros Technology Share Discussion Threads

[patio58] 01/11/2019 12:31

All the sells recently are buys

[zen12] 01/11/2019 12:14

What you have to remember is that this is not a distressed company about to go under! Don't understand by broker arranged this at 1p..but hey opportunity for some.

[pugugly] 01/11/2019 12:07

Sorry fellows re post 1546 - I was wrong by a factor of 4 - Placing price of 1p says all one needs to know - Patents worthless - business wothless - gamblers only.

Sorry for all who got sucked in by the man who used to walk on water but is now up to his neck in - !!!!!!!!!!!!!!!!!!!!! I will leave it to stuffed shareholders to enter the appropriate words.

[patio58] 01/11/2019 11:53

And going forward the license model will be all profit to the bottom line so should eventually go up many multiples of current share price.

[urals] 01/11/2019 11:24

I tried to help peeps here, and was proven completely correct.As I will be regards GKP. Swerve this pile of Aim Nonsense.Buy some of the most undervalued E and P listed on lse before it announces a very obvious sale. Very soon.

[patio58] 01/11/2019 11:23

Ticking back up, fall overdone.

[zen12] 01/11/2019 11:18

If you want to sell gkp..you need to go to the GKP board!

[urals] 01/11/2019 11:16

I did try to help people not get stiffed here.Hope some took my advice.Ps. It will never make a bean in the future either even if it gets this placing away.Pps within days certainly within 4 weeks maximum GKP will announce it has agreed a friendly takeover. I'd suggest you buy some before that happens as it's likely to be at a multiple premium.

[zen12] 01/11/2019 11:09

RNS - New directors coming in shortly to bolster the board:BoardThe Board has undertaken to appoint further non-executive directors to the Board within three months of Admission; new appointments will likely reflect the interests of key shareholders following Admission, whilst also satisfying the demands of good governance regarding the importance of maintaining appropriate levels of Board independence.

[zen12] 01/11/2019 11:02

Stable business:Current tradingSince the interim results trading has continued in line with the Director's expectations with the focus for the rest of 2019 and beyond firmly upon:-- successful implementation of joint development and licence agreements for the Group's products over the next 18 to 24 months, with the expectation that the Company will reach EBITDA cash break-even by the end of 2021;-- development and signature of additional licence agreements to provide wide geographic commercialisation of the Group's products; and-- management of the Group's cash position by completing the migration to a pure-play licensing business model by the end of 2019 thereby significantly reducing the Group's monthly cash burn run rate. Group cash reserves at the end of September 2019 stood at GBP2.4m.Following its exit of direct operations, the Company expects to have a staffing level to execute its licensing activities of approximately 60 personnel at the end of 2019. This compares to 148 at the end of December 2018 and 107 at the end of August 2019. The Company foresees further reductions in its cost base as licensees move to become self-sufficient in the engineering and commercial activities necessary to commercialise Xeros' products.

[dave4545] 01/11/2019 10:49

4p designed to offload the placing stock for any profit.

4p is just stupid after yesterdays dilution would give the company a mental valuation.

Do people still fall for these scams ?

[leyton007] 01/11/2019 10:42

Finn Cap out with a buy mote this AM with target price of 4p

[zen12] 01/11/2019 10:41

19 sept rns extract CEO:"After a number of years of development, manufacturers and consumers have now recognised that our innovative technologies are highly valuable, both in terms of their sustainability and cost benefits."The commercialisation of our products is now accelerating with a number of contracts in execution and in development in a number of countries including the two most populous."In 2017 we changed our strategy to commercialise our technologies under a license model in order to achieve the broadest possible market penetration from the lowest possible cost base. Our licensing contract wins and reducing cash burn rate are evidence that we are now making good progress to achieving that objective."

[zen12] 01/11/2019 10:37

That's just a technicality..they can still carry on as they would still have enough funds to continue. Also, things should change for the good by then:As previously announced, the Company aims to achieve the above plan by becoming a pure-play licensing business. The Company believes this is achievable in three main areas: firstly, signing and executing license agreements with acceptable levels of royalties with selected partners in target markets/geographies; secondly, exiting operational business once market and product viability is proven; and lastly, reducing its cost and asset base to that of a pure-play licensing company.

[tomboyb] 01/11/2019 10:34

0.93 -

PUNTABLE -

[dave4545] 01/11/2019 10:33

Probably a equal chance of going to 0.5p then rallying to 1.5p

[patio58] 01/11/2019 10:29

This funding, provided by both existing and new shareholders, will enable us to complete our full migration to becoming a high-margin royalty business delivering sustainability and cost benefits to our licensees' customers.Having completed much of the development and protection of our products, we are now well-positioned to continue the commercialisation of our intellectual property with major OEMs across multiple large-scale markets."

[patio58] 01/11/2019 10:26

From these levels, well worth a punt going forward with the revenue coming in shortly.

[abarclay] 01/11/2019 10:26

yes but by June the accounts will be qualified and wont be a going concern

Will have to start the wound up process

[zen12] 01/11/2019 10:22

Nope read rns, until end of 2020!

[abarclay] 01/11/2019 10:19

Only enough money until June

Ouch!

[blueball] 01/11/2019 10:14

What a muther.

[zen12] 01/11/2019 10:13

Way overdone...crazy market. Company has hugh assets and in a stable position..this is priced as though it's going under!