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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

Bullboard (GREY:XEBEQ)

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Post by dalesio_98on Feb 13, 2023 10:41am

Feb. 13, 2023 court hearing - no plan of arrangement

Court hearing is in session. KND (class action law firm) wants to cross-examine Mr. Vounassis in the next few days.
471
Post by dalesio_98on Feb 12, 2023 11:37pm

Amended list of exhibits and Exhibits P-9 - P-12B Feb. 12, 2

Amended list of exhibits and Exhibits P-9 - P-12B Feb. 12, 2023.PDF View or download file https://cdn-ceo-ca.s3.amazonaws.com/1hujfav-Amended+list+of+exhibits+and+Exhibits+P-9+-+P-12B+Feb.+12%2C+2023 ...more  
645
Comment by InPersonaon Feb 11, 2023 9:08pm

RE:RE:RE:Application & Monitor's Sixth Report

Captain Freeland and the Canada Growth Fund to the rescue.
135
Discussion
Post by dalesio_98on Feb 11, 2023 9:05pm

Feb. 10, 2023 Notice of Motion & Declarations

Feb. 10, 2023 Notice of Motion for Order (I) Recognizing and Enforcing CCAA Vesting Order; (II) Approving the Sale of Certain of the Debtors' Assets Free and Clear of Liens, Claims, and ...more  
826
Comment by Hesiod07on Feb 11, 2023 8:59pm

RE:RE:RE:RE:Sale of Hygear

This is the key. Current management engineered this CCAA because they saw that a private company could manufacure Biostream units profitably without the vagaries of European business or dreary ...more  
111
Discussion
Comment by LongoGlueStickon Feb 11, 2023 9:30am

RE:RE:Application & Monitor's Sixth Report

It's over, Marcello.  Xebec shareholders aren't getting anything.  Sorry for your loss.
92
Discussion
Comment by Marcelloon Feb 11, 2023 5:51am

RE:Application & Monitor's Sixth Report

Thinking now that shareholders are going to end up with nothing. Is there any hope?
79
Discussion
Post by dalesio_98on Feb 10, 2023 6:04pm

Application & Monitor's Sixth Report

Application for the Issuance of a Third Amended and Restated Initial Order and Approval and Vesting Orders dated February 8, 2023 https://www.insolvencies.deloitte.ca/en-ca/Documents/Xebec ...more  
915
Discussion
Comment by InPersonaon Feb 10, 2023 10:28am

RE:RE:RE:RE:Sale of Hygear

For sure, those two babies won't be thrown out with the bath water.
82
Discussion
Comment by overnouton Feb 10, 2023 8:48am

RE:RE:RE:Sale of Hygear

I loved the idea of being in the hydrogen space when they bought Hygear. The potential seemed great on the fueling station side, but I was underwhelmed by the glass factory contracts they got and the ...more  
195
Discussion
Comment by Marcelloon Feb 09, 2023 9:16pm

RE:RE:Sale of Hygear

I don't think it's over yet , might be just unloading money pits they had. Thought the sale of Hygear was a mistake but in terms of contracts and sales not many for what it's worth. IMO ...more  
110
Discussion
Comment by Hesiod07on Feb 09, 2023 6:18pm

RE:RE:Sale of Hygear

NBF's role in this may be key either as belligerent (sorry I thought banks worked with their clients to solve business problems including lending then funding) or as collusive partner (leave that ...more  
86
Discussion
Comment by tamaracktopon Feb 09, 2023 5:35pm

RE:Sale of Hygear

What a F'n disaster. This is the biggest clusterfk I've ever seen. If I'm not mistaken, National Bank are the ones that petitioned Xebec into bankuptcy. Please tell me I'm wrong ...more  
129
Discussion
Comment by InPersonaon Feb 09, 2023 12:47pm

RE:RE:RE:RE:RE:Sale of Hygear

A 50-year plan just to stick it to shareholders, many of whom are employees?  C'mon! There's gold in green. This is Avro Arrow with the opposite result. With $15 billion at the ready, the ...more  
109
Discussion
Comment by rltchkon Feb 09, 2023 10:24am

RE:RE:RE:RE:Sale of Hygear

IMHO this is nothing more than the usual stick it to the shareholders... basically run up debt by buying companies such as HyGear at inflated prices so their equity holders make a killing (including ...more  
169
Discussion
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