RE: What is happening?25 Jul 2024 08:34
gracetrad1,
you're constant deramping has no effect. this is no longer a dog **** penny stock, it's a recovery stock set to re-rate. that's why amati invested for the first time in the recent fundraise.
david stevenson, a fund manager there, explained why they'd invested: “xeros is the developer of a patented polymer bead technology, which reduces laundry requirements for water, power and detergent. it also results in less garment damage through time. the company has spent a lot of time and money getting to this point, but now has growth potential from the incorporation of its technology into domestic and commercial washing machines, and the pre-wash treatment of garments by denim manufacturers. xeros also has a novel filter device for removing micro-plastics from washing machine waste. the long lead time to commercialisation of these technologies has dragged the valuation of the company down to very low levels, making this an attractive entry point for new investors.”