GREY:XEBEQ - Post by User
Post by
ZouZS3on Dec 14, 2022 6:58pm
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Post# 35172088
Can't believe some of comments ceo.ca
Can't believe some of comments ceo.ca
OESDADInstead of griping on here about it why not just wait and see what happens. It’s not adding any value trying to poke at other posters and making others anxious about their potential losses. In the grand scheme, I believe XBC will come out of this stronger and this was all orchestrated from the time new leadership came in. National bank offered their foundation report perhaps a week before the halt? I suggest reading through all documented details and drawing an educated conclusion that is more than simple conjecture.
BassPilot - I believe management is looking to sell a non-core asset and renegotiate some existing debt while they conserve cash. Most of what I am reading from other sources is all conjecture and speculation. I dont see the company wiping out their own employees and shareholders. The company is worth a lot - the piece the may be selling is just a fraction of the entire business so will not cover all their debts obviously.
BassPilot - The company continues to operate and backfill headcount. IMO they will emerge stronger than ever. NBC and EDC would not support a bridge loan to a company that has no future.
BassPilot - Of course they do.. but they will still take this vacation from creditors to build up capital reserves and perhaps sell a non-core asset for some cushion. As they said in Q3 MD&A.
BassPilot - The first bid is always the floor. Its the last bid you want to keep an eye on. ;)
BassPilot]Dont believe anything you hear from the peanut gallery.. nobody knows whats really happening. Lots of short sellers praying XBC falters. On February 3rd we will know whats what.. no sense in trying to speculate. The ones that have the most to say are usually the least knowledgeable.