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Bullboard - Stock Discussion Forum FormerXBC Inc XEBEQ

Industrials
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 > You got It all right Ferret! Genuinely impressed.
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Post by ZouZS3 on Jan 04, 2023 10:47pm

You got It all right Ferret! Genuinely impressed. 

 It was all about the intangible assets. It all started when Xebec failed to meet the max ratio of total liabilities to tangible net worth under the credit facility.
Comment by ZouZS3 on Jan 04, 2023 11:04pm
The bank owned everything the minute they put a lien on their entire assets. I think we missed the whole credit part of this story. For me, that was a credit and a balance sheet leon. Ferret, you got the balance sheet part with the goodwill. But no one was even that concerned or asked too many questions when their credit was in forbearance. If you owe money and the bank credit ratios don't ...more  
Comment by ZouZS3 on Jan 04, 2023 11:08pm
Brandon Chow Perfect. Thanks, team. We have another question from Ken Monroe as well. Can you elaborate a bit more on the one of the credit facilities currently being in forbearance? And is it possible for that to be reinstated at the company meets the loan covenants in the future? Stphane Archambault Yes, absolutely. This is, this is a temporary thing. We did, we did reach one of the covenant. ...more  
FormerXBC Inc