FormerXBC Inc T.XBC

Could Xebec have withheld information for 2 1/2 years?

[tamaracktop]

Many here won't recognize the name Louis Dufour.

He was Xebec's CFO for four years prior to the announcement of his retirement on November 10th 2020, the day Stephane Archambault was named the new CFO.

A look at Sedi shows Mr Dufour ceased to be an insider that very day.

November 10th 2020 was very nearly exactly 4 months to-the-day prior to Xebec's disastrous guidance revision on March 12th 2021.

Mr Dufour was part of the sale of a management block attached to the offering of shares sold at $3.60 several months earlier on June 26th 2020.

The CFO of Xebec sold all 100,000 shares he owned at $3.60 two years and three months ago and left the company.

At the time I brushed it off as early retirement.

This news was sandwiched between seemingly positive announcements.

Could Xebec have withheld information for almost 2 1/2 years?

Maybe this wasn't abrupt after all.

This post-mortem "autopsy' accomplishes nothing other than to make me very angry.

Yes. I've suffered losses. Both financially and inter-personally.

Financially? Not as much as many others.

Interpersonally? Very likely far more.

I'm sincerely sorry for the people I've hurt.

I had no malicious intent.