FormerXBC Inc XEBEQ

RE:RE:RE:RE:RE:I'll pick Hydrogen Transaction

[ferret_ca]

I can't say I'm thrilled with this deal at 1st glance having just skimmed over the release. 

1st off I'm not so sure this is the way to go with this so called "green hydrogen" . I don't think it's green as it looks like the original feedstock to produce it is natural gas, so how is this "green hydrogen"  this seems to be more of a catch word for the renewable hydrogen crowd. I've listened to a few experts  and some very smart people are saying that they think hydrogen will be more of a niche player than "the" go to source for clean energy due to the fact that most (not all) of the hydrogen produced has a carbon source to produce it.  hydrogen is by no means a new energy source, it is also very highly explosive. we've burned hydrogen in the boilers of the chemical plant I worked in for over 50 years, it was a by product of the chlorine and caustic soda we produced, basically from salt water and electricity. .

I also don't like how much they paid for this company, I'm definitely not as keen as I was on xvc and will most likely exit most of my position keeping a small underweight chunk in my bunch of small caps. I am also not so keen on managements insider ownership, a couple hold 0 shares, even the ceo has lightened his load from  what he used to own, the cfo held 0 shares even for a fair bit before he announced his stepping down. this is something I've  been a bit leery of for a while.  I'll see how the market likes this over the next week or 2 and do some more dd on what they've just done before selling, these are just my thoughts at the moment. It's been a great run so far. 

cheers and gl ferret