FormerXBC Inc XEBEQ

What a shaft

[tamaracktop]

Greenlane is now trading at a market cap that's $30 million less than Xebec was worth when it was halted. 

My point is that Greenlane is still trading. 

This is a good reason to lose faith in fair and equitable markets.

And full disclosure most of all.

[tony08]

Let's see TT I'm not saying what's happening with Xebec isn't unfair for shareholders but the comparison you're making with Greenlane's market cap is a bit simplistic.....Don't you think??   For example you ignore the fact that Xebec was losing money while being very indebted, while Greenlane has no debt.

[Hesiod07]

The XBC CCAA was almost certainly avoidable. Banks are supposed to support their commercial clients, and for a bank to refuse $3 million in short-term funding and then provide it three weeks later reflects a shocking lack of good faith. 

[GolfMania1968]

Just compare the burn rate, 2022 loss, cash on hand and you will get your answer. There is nothing fishy at XBC, just a tone of bad decisions, uncontrolled growth, bad financial management, and the international expansion dream by Kurt.

[Hesiod07]

Agreed but the tipping point was simple cash management. Their liquidity problem was short lived, but their creditors wouldn't help them until they were in CCAA. Great bonuses at the creditors I bet because the (guaranteed) fees from CCAA were a hell of a lot better than interest on their line of credit..

[rltchk]

Also may have had something to do with the pending class actions.  It is possible that there was a good chance that they may have been liable for some of the damages claimed and CCAA was a way out. Again a shaft of the average shareholder who was fooled by all the hype.

[ferret_ca]

the only hype I saw was from the ultra bulls with blinders on in this bb, the whole sector had been hyped back in 2020 -early 2021 and that was a bubble. anyone who wanted to dig into the financials and working capital, missed q's, coo leaving, a member of the bod resigning after not being there too long, redoing past financials and I could go on, I've never seen a company with so many

[savyinvestor333]

At least we are out of our misery now and have moved on to other opportunities. Not like those ANRG shareholders that have watched their stock reach a high of $24.00 in Oct 2021 to drop to todays price of $3.00. Infomercial for the interested VLE FAR RET.A KEI CEU ARG AEP SLS GRA SXP WJX and I'll stop there.

[savyinvestor333]

INFOMERCIAL 3 of the top 10 gainers on the TSX are n this list today. Not bad you could do worse