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Verseon: Another Woodford Dog goes to the great kennel in the sky

By Nigel Somerville, the Deputy Sheriff of AIM | Thursday 19 December 2019


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.


This morning yet another AIM cancellation was announced: that of Neil Woodford uber-dog Verseon (VERS). Having failed to raise cash from a placing, failed in its bid to jump on the crypto-currency bandwagon and having failed with its fatally flawed proposal to do a sale-and-leaseback of its headquarters because that would have left the company with no cash, no income and no assets, shareholders voted through its AIM cancellation as from 7am this morning.

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