Bullboard - Stock Discussion Forum 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,... see more

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FormerXBC Inc > question for the board

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Post by Magicmike67 on Jan 01, 2021 1:36pm

question for the board

Would the halt n US suggest 3rd accusition is in the US? Maybe a bigger service company then previous accusions?

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Comment by ZouZS3 on Jan 01, 2021 1:53pm

Something going on in the US. The Subscription Receipts under the Public Offering will be offered in the United States by way of private placement to qualified institutional buyers in reliance upon the exemption from registration provided by Rule 144A under the U.S. Securities Act of 1933. Neither the Subscription Receipts nor the Common Shares offered have been, and they will not be, registered ...more

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Comment by ZouZS3 on Jan 01, 2021 2:04pm

Rule 144A modifies SEC restrictions so privately placed securities can be traded among qualified institutional buyers with much shorter holding periods and no SEC registration in place. The idea is that sophisticated institutional investors dont need the same levels of information and protection that individuals require. Critics have noted a lack of transparency and unclear definitions of what ...more

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FormerXBC Inc