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 > USA ADR SHORT POSITION

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Comment by DueDiligence20on Mar 10, 2022 1:13pm

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Post# 34503628

RE:USA ADR SHORT POSITION

Re the question of fungibility; I received the following reply from otcmarkets.com:

"It really depends on the holder of the position. Broker dealers can cover the short with the underlying however retail may not depending on the broker dealer with whom they change with."

DueDiligence20 wrote: As of 28th Feb the short position in XEBEF is:

3,994,926 down from 4,009,835 on 15th Feb.

I have been trying to establish the fungibility of this product and whether you can, technically, deliver in shares bought on the TSX to cover any short in the ADR, but so far no one seems to be able to answer this question.