FormerXBC Inc XEBEQ

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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.

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FormerXBC Inc > Very very odd, in a good sort of way

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Comment by tamaracktopon Feb 04, 2022 8:33am

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Post# 34396639

RE:Very very odd, in a good sort of way

tamaracktop wrote: Xebec traded very unusual volume in the States today.

I'll be preemptive and dismiss any homespun theories that will likely crop up here trying
to explain or rationalize away why that happened.

I mentioned the unusual volume there in a post just before 3pm, when it had traded
265,000 shares on the US OTC market.
It traded another 217,000 shares there in the final hour.

It very nearly traded as many shares in the US as it did on the TSX, which has never happened.

In fact, it traded more shares in the US today than it ever has since it was listed there.

I can't be the only person wondering why that happened.

Are the Americans finally noticing Xebec?

A Nasdaq listing is inevitable, because when Xebec first listed in the US it skipped two levels of the over-the-counter market and started right off trading on Best Markets, which is one level below being listed outright on the Nasdaq proper.
Is a Nasdaq listing coming before anyone thought?

Whatever the reason, there had to be one, and it wasn't a bad one.
Record volume in the US and a higher close there today wasn't a fluke.