Xeros Tech Share Price (XSG)

Hopefully they have that confidence and it is justified. The confidence to not bother with another one or two months of working capital. Very bullish, or something else ending in ish.

We retail investors are invariably contrarian indicators. The poor retail take up is bullish in my book. They didn’t talk to us because they didn’t need to. Guidance is clear for H2 2024. If they hit guidance it goes up many x, if they don’t, it goes bust. Place your bets.

11% take up of the retail offer before expenses! 11%!

I wonder what might have happened if the Chairman or CEO or CFO or CCO or anyone else really had spoken to the market? Or are they too busy?

What does speak to the market is no new licences for nearly a year and no licenced products launched with their partners over the same time. No visible progress for nearly a whole year.

It is positive Xeros has got more funding and potentially more to go from retail even if that wont be from me! The answer to how much of this will go on WC must be a enormous amount if they have next to no revenue coming in? Has this raise and the warrants bought nothing but a little time to keep doing more of the same rather than being an investment in actual progress? I am sure investors would want to keep the lights on longer if the alternative was a collapse of the company but only if there was still some chance of success.

Month after month the fundamental issues still seem to be the same.

We have seen no commercial progress since May 2023. None at all. Looking over the RNS is embarrassing after this time. Discussions just dont count anymore. They were having them six months ago and nothing has happened? Do they have a closing problem? Elaborate on where they are in these discussions.

They say they have significant licence agreements in place but they arent converting to products in the market even years later. Do they have a technology verification or manufacture implementation problem?

Both of these can be fixed by strong leadership and ownership. I am looking forward to being blown away by the CEO and CFOs performance at the full year presentation. Confident sounding fluff wont work. Facts, data and realistic plans with clear routes to milestones. Like how you will be at breakeven in 6 months by any means other than slashing costs so much that you cannot close deals or implement a thing.

EBITDA?

EBITDA is also a mechanism of cash flow, EBITA plus movement in working capital equals cash in/out flow, the question is how much of the £4m is going to be tied up in WC.

The only positive thing going for this is the ii’s the rest is a bad of crap.. less than 20% off ii’s investment actually pay off.

far bigger and safer option out there that will get you a return and won’t lose you all your money.

It’s gone from a £300m Cap to £3m how many red flags do people need!!!!