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BREAKING: AIM-listed Neil Woodford Dog Verseon – polishes calamitous news but it looks like toast

By Nigel Somerville, the Deputy Sheriff of AIM | Wednesday 23 October 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.


AIM-listed Woodford dog and wannabee computer-generated drugs developer Verseon (VERS) has announced the sale and leaseback of its headquarters in Fremont, California. It says the sale will provide working capital but in case the $34.7 million price tag looks like good news, it is most certainly not. This is a calamity and by my calculations Verseon could be technically insolvent even upon completion.

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