FormerXBC Inc XEBEQ

RE:Two steps forward and one step back OR....

[Mofonomo]

Completely agree.

I thought Prabhu was the brains behind the operations just by listening to him on the conference calls. He was very knowledgable and articulate, not only about the operations but how they translated to the financials.

I had also pegged him to become Kurt's successor so this is a bit of a negative surprise for me as well.

GGreen wrote: Granted the company is bigger than 1 person BUT you have to admit that was a bit of a shocker. I had previously commented that there shouldn't be any bad news between now and the Q4/Annual release only additional aquisitions and contract wins... well this is a bit of a curveball.

Although I initially first bought into XBC because of how straightforward the CEO was. With every subsequent investor call I quickly came to appreciate the increasing operational value that Prabhu brought to XBC. On several calls he responded to questions that the CEO would normally have addressed. I must admit I had him pegged to take over for Kurt as CEO as the company moved to the next level over the coming years. Kurt and the Board must of also thought VERY highly of Prahbu given the $4!7 load of options he was granted when he joined. Given the large sales book, sizeable quote log and integration of numerous acqusitions their biggest challenge/risk IMO will be operational execution and with all due respect to Kurt, I think Prahbu was going to be the key executive to get it done right.

Not sure if this is a case of two steps forward one step back OR perhaps one step forward and two steps back. 

(Side note: It will be interesting to see if the boat load unvested options are accelerated & vested or whether they are forfeited)