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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

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Post by 2late4you on Oct 31, 2022 11:11am

XBC

https://www.canadianmanufacturing.com/manufacturing/xebec-gets-3m-loan-from-boc-and-edc-as-restructuring-continues-286388/
Comment by Kipperly on Oct 31, 2022 1:43pm
Is the loaned money to actually keep the business operating for the long term, or is it so they can operate during a planned shutdown and sale of assets? It's a rhetorical question, it doesn't seem like anyone knows what's going on, except for the scammers in the background.
Comment by GolfMania1968 on Oct 31, 2022 2:42pm
Just to keep it a float during the reorganization and help pay Deloitte, Osler, & BNC.This new credit facility has priority right behind the original loan and in front of creditors. No risk for BNC or EDC
Comment by Hesiod07 on Oct 31, 2022 4:36pm
Where did the positive cash flow projection for Dec come from (in the Third Report)?
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