FormerXBC Inc XEBEQ

TSX listing

[Wheels]

I remember hearing on the Q3 webinar ”uplisting was slated for late summer or early fall”. Well not so UPLIFTING. Safe to say updates are meek at best for something of significant importance.

[iiioiii]

Oof. I suggest you reread the Q3 Financial Results news release on Nov.10, 2020. The relevant section you missed in your DD there is listed below: On October 21, 2020, the Toronto Stock Exchange (the “TSX”) conditionally approved the listing of the common shares of Xebec (the “Shares”). Listing of the Shares is subject to Xebec fulfilling all of the requirements of the TSX, including receipt of

[Mick67]

Pretty sure that there are different rules on the exchanges for issuing shares in size, that is quite likely the reason for the uplift to be after the Hygear acquisition. Just watching the US hydrogen names rip and wondering when XBC will get on the radar screen. The hydrogen news is extremely bullish for the company outlook and with Clean Fuel Standards coming by year end that could be another

[trek01]

Hey, did they ever talked about NASDAQ listing? If yes, was there any timeline? Thx

[treehill]

On the last conference call they indicated that XBC had to finish upgrading internal controls and linked that to the uplisting. One of the items was upgrading an ERP system, which is often a time-consuming process. So my take is that was more relevant for the timing delay, as they didn't say the internal controls work was finished.

[Mick67]

you mean they didnt tell you on the last conference call they were going to issue 40% of their shares out to do a transformational acquisition that would require a possible vote..........  Must be the internal controls still being worked on.

[Wheels]

Thanks guys. I must have been doing 20 million other things while I was listening and I obviously missed it. I always appreciate the quick and accurate responses on this fabulous BB. Definitely the best BB by a country mile. Now I need to get back and button up 2020.   Take care and happy holidays!

[Ciao]

From memory, a TSX listed company needs shareholder approval if you issue more than 20% of o/s shares.  Less stringent dilution controls on TSXV. Absolutley right, they wanted to get a few things done before uplisting on the big board. They have conditional approval which means they just have to correct a few things before being uplisted. They'll time it as they see fit. They'll