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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 > Disastrous conference call
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Post by tamaracktop on May 12, 2022 9:57am

Disastrous conference call

Brandon didn't even come close to wording my question about legal expenses properly and Stephane didn't even scratch the surface with his answer. Unbelievable that Vounassis said they'd tap the equity market when asked about financing. No words.
Comment by ZouZS3 on May 12, 2022 9:59am
on the way to bankruptcy
Comment by Kronyboy on May 12, 2022 10:01am
I share the same sentiment. That CFO needs to GO.   
Comment by AlexDonovan on May 12, 2022 10:08am
Yikes. What a disaster. Guess I picked the wrong ER to gamble on.
Comment by Gann999 on May 12, 2022 10:22am
Welcome to the long side my friend
Comment by savyinvestor333 on May 12, 2022 10:09am
I think I've mentioned that after every call he has been on.
Comment by catchascatchcan on May 12, 2022 10:04am
While it may not be agreeable to shareholders, I'm curious as to what you'd expect him to say?  We are burning through cash, and to meet this 'fabulous backlog' we will need money up front to build.  We'll be raising at very low levels and massively diluting our shareholders.  This may be the end.  You guys can call me names, or a negative nancy, but the ...more  
Comment by AlwaysLong683 on May 12, 2022 2:07pm
What price do they do they think they would get if they did an equity raise...? ......1.25......? ..... Would anyone in here consider it severe shareholder dilution if it happens, or is the share price heading to 1.00.......?
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