GREY:XEBEQ - Post by User
Comment by
Resilience19on Jun 04, 2020 6:10pm
200 Views
Post# 31113931
RE:RE:RE:RE:Xebec Announces $21 Million Bought Deal Public Offering
RE:RE:RE:RE:Xebec Announces $21 Million Bought Deal Public Offering... But appreciate a strategic financial partnership, the Alberta LII and a Bought Deal make a mouthful to munch on, in just four days. Not to mention we'll probably have an acquisition announcement tomorrow or early next week...
Resilience19 wrote: To paraphrase Kurt "Un this market cash is king." Si for Xebec to be able to secure so much cash at, in my opinion, rather good term, bodes rather well. From my perspective anyways.
Resilience19 wrote: How did the December 2019 Bought Deal play out?
27 Nov the SP peaked at $2.42.
5 Dec XBC announced a California MAAS contract
9 Dec the Bought Deal was announced @$2.10 and the SP that day closed at $2.32
10 Dec XBC announced the acquisition of a California-based service company
27 Dec the bought deal was closed
31 Dec the SP closed at $2,15
9 Jan (one month to the day after the Bought Deal announcement) the SP was at $2.55
People can draw their own conclusions and manage expectations based on their respective short, medium and/or long term investment strategies.
My take is XBC will soon announce the acquisition of an Alberta-based service company that will, namely, help serve their LOI-related contract (To be announced) and other business they expect to develop in the province.
My two cents