FormerXBC Inc XEBEQ

Industrials

Xebec Adsorption Inc designs, engineers, and manufactures products that are used for purification, separation, dehydration, and filtration equipment for gases and compressed air. The company operates in three reportable segments: Systems, Corporate and other, and Support. Its product lines are natural gas dryers for natural gas refueling stations, compressed gas filtration, biogas purification, associated gas, engineering services, and air dryers. The company's geographical segments are United States, Canada, China, Other, Korea, Italy, and France.

GREY:XEBEQ - Post by User

FormerXBC Inc > Where is that guy?

<< Previous

Bullboard Posts

Next >>

Comment by MidtownGuyon Oct 16, 2020 2:08pm

154 Views

Post# 31729428

RE:RE:RE:RE:RE:Where is that guy?

He didn't do this at $5.50 because the uplist process wasn't ready and the large contract deals weren't ready to announce yet. The investment bank holds the cards in this round and wants to maximize profits as much as possible. The stock would have drifted lower during the wait for the conctract news, as we have seen happen, and the investment bankers and their clients would have been very unhappy. Now both uplisting process and contract deals are done. The upside from here is considerably better, and large, fast profit is ensured. Also likely the investment bank insisted they not release the contract news until after the bought deal is done.