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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, associated gas, engineering services, and air dryers. The company's geographical segments are United States, Canada, China, Other, Korea, Italy, and France.


GREY:XEBEQ - Post by User

Comment by MidtownGuyon Oct 16, 2020 1:59pm
162 Views
Post# 31729380

RE:RE:RE:Where is that guy?

RE:RE:RE:Where is that guy?If you knew anything, you'd know they did not have to do a financing for cash flow reasons, they did it because it's a requirement for uplisting to the TSX, which they have announced. All firms uplisting have to do a $5MM+ issuance to meet the "$10miilion in the treasury, the majority of which is to be raised through the issuance of securities." Every venture firm does this right before final approval.

Shouldn't you know this based on your "vast" experience? lol

And they have a $40 million signed backlog and giant contracts pending. Your knowledge is way out of date, as usual.


tamaracktop wrote: Honestly don't know enough about it to proffer an opinion. All I know is I looked at their balance sheet a few months ago, and it was clear they would have to do a financing. Im surprised it took them this long to do it. What was management thinking? It traded well above $5 from July 23rd to September 10th! I knew they would have to do a financing back in June. Obviously management was greedy and hoped to do an issue at higher prices. Now that has backfired at the expense of shareholders and they have to do a dilutive issue at $3.60. I give management the thumbs down, which in my particular case rules them out of my universe of interesting stocks.


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