FormerXBC Inc XEBEQ

RE:RE:Reasons to be bullish

[Mick67]

There are many reasons to be bullish aside from just technically that is a positive for sure:

- Relative underperformance - vs peers since group bottomed should be $4 minimum today and over $5.25 based on top performers off bottom.  All while XBC down greatest from peak.

- Ramp in BGX - going to 12 per month from 4 that webinar says were at shows demand is strong. Also would be surprised if plans to ramp if costs not improving which was a key advantage per webinar.

- Jim Vounassis and Mike Munroe now have feet wet. Experts in sourcing and cost control.  Will be legacy costs still in Q3 and some early BGX challenges per webinar but if show moving in positive direction that is the key with much more improvement in Q4 with legacy gone and BGX ramp coming. BGX looks like a game changer from cost, size, installation, and purity advantage.

- Board additions through year are advancing governence. Have to believe Levitt sees long term significant promise to get on board full time.

- With lead time advantage and sourced material per webinar would expect more BGX orders coming soon, while other divisions continue to perform.

Remember Q3 will have headwinds but managment needs to show that they have made big progress on RNG cost structure, legacy contracts are done, and on track to return to profitable growth gradually in Q4 and accelerating in 2022 then there is a big upside gap to fill.  But dont get overly excited about Q3 - its about showing stopped the bleeding and progression has started. And that will further play out going forward.  Lots of reasons to return to bullish again if so.