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Bullboard - Stock Discussion Forum FormerXBC Inc XEBEQ

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

GREY:XEBEQ - Post Discussion

FormerXBC Inc > A random observation
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Post by tamaracktop on Apr 04, 2021 1:33pm

A random observation

The Good News is that Marinus Van Driel now owns 4,443,735 shares of Xebec. I'd say that's quite an incentive. He is far and away the second-largest individual shareholder of Xebec, next to Kurt.
   This is a guy who ran Plug's European operations, only to leave Plug and start Hygear from scratch, without access to financing in the public markets, HyGear has always been private, until now. How he did that is beyond me. He's obviously got the know-how, not to mention the connections.
    Read his curriculum vitae. He is obviously motivated, very smart, and a visionary, like Kurt. No wonder they get along.
    I can't imagine someone with better qualifications to be the second-in-charge at Xebec. His acumen and expertise in the field of hydrogen is not just an added bonus, it's an indication of where Xebec is ultimately headed.
    I can't see a single reason why Xebec's multiples won't move inexorably closer to those accorded the better-known hydrogen plays over time. Multiple expansion alone could have an exponential effect on Xebec's stock price. 
   Xebec's P/S multiple is literally a small fraction of the others'.
   Xebec has been crucified in the market. ( appropriate timing for the word ). By the time most watchers realize it's being resurrected, it will be several points higher.
Comment by tamaracktop on Apr 04, 2021 2:03pm
Marinus Van Driel has devoted the last 25 years to clean energy, most notably as the CEO of HyGear, a leader in on-site gas production and delivery. After filling various technical and commercial positions at several engineering and production companies, Marinus served as general manager of Plug Power’s Europe division. He later started his own company, Hexion (currently HyGear). As President of ...more  
Comment by Resilience19 on Apr 04, 2021 6:41pm
As you previously indicated, some months back, Kurt is probably starting to contemplate retirement. My guess is that he'll groom Marinus to take the lead over the next couple of years. Prahbu's departure may have delayed this by 6 months or so, but once a decent COO will come in place - I wouldn't be surprised if it was a Marinus recommendation - things will start chugging along nicely ...more  
Comment by Tapper35 on Apr 06, 2021 7:35am
3rd Largest I believe, but yes it will certainly serve as strong motivation. I think he and Kurt will compliment each other well in terms of growth and direction going forward. 
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