FormerXBC Inc XEBEQ

Q. Bigger than XBC?

[GGreen]

A. The macro perspective. Although the COO's abrupt departure was disappointing it certainly doesn't justify the recent pull back BUT the world doesn't revolve around XBC, GRN or any other more hyped / volatile names. Just think back to March 2020 when XBC was just starting its run up, it pulled back like the majority of the stocks. There have been (and continue to be) big warning signals that macro markets were / are just too frothy  - there are too many examples to even start to rhyme off.

I have liked and continue to like XBC and generally agree that trying to time the market is not a good idea BUT when you reach 200%+ gains in a relatively short period of time you've got to remind yourself of what they say "Bulls make money, bears make money but pigs get slaughtered" so with that in mind... although I still hold a fair number of XBC for the longer term I thought it reasonable trim the position and risk being upset that I missed the continued run up but comforted by knowing that I would be much more upset if I didn't trim the position during the volatility and the stock price pulled back as it has.

Next step: wait to read the year end filing, listen to the call and watch 2021 for execution, execution, execution of the growth plans (Hydrogen roll-out, BOO, FTQ funded projects, EU roll-out, signs of contributions from Chinese arm etc etc) etc oh yeah new COO and contract wins (remember that's what drives real revenue and EPS not just growth by acquisition) - and we haven't seen those in some time!