FormerXBC Inc XEBEQ

RE:RE:XBC v ANRG or Angry or whatever

[Possibleidiot01]

Here's what was omitted ( not sure why it didn't get posted )when I posted previously..

"Aneargia is a global leader in converting organic waste into RNG, clean water and fertilizer, through the use of our proprieatary technologies. Globally, there are 2 billion tons of waste sent to landfills each year , creating signiicant GHG emissions as organic materials decompose. Methane , a major contributor of GHG , is generated and released in landfills and in the treatment of watewater. With our differientated set of solutions that divert organic waste away for the landfill with no requirement to change consumer behaviour, we are uniquely positioned to capitaliize on the global opportunity and to play an important role in decarbonizing the planet."

The key phrase in here is change consumer behaviour. Some of us live in places where you sort organic materials out for garbage collection. That's expensive with separate pickup .
Largest percentage of municipal solid waste (MSW) is organic according to the prospectus.
Aneargia has a solution where they pick all garbage up and then sort it through various proprietary technologies  ( intregrated end to end solution). This is a cheaper way to handle MSW as it does not require people to alter their behaviour ( I know some people who just won't separate organics) . These capital equipment sales form the majority of their sales and will for some time . Estimates are 55% capital equipment sales in 2022 and 50% in 2023.
The strategy is to use the equipment sales and develop numerous build, own , operate plants. Xebec does have a BOO component to their business as well.
If you lived in a place where organics are separated , I would think Xebec would have a better chance of getting a contract. Hard to say which company would have a larger total addressable market
On Page 55 , under the heading - COMPETITION , Greenlane and Xebec are mentoned under proprietary technology and long term tailwinds. Overall, there was a real lack of details about the RNG in the prospectus.
On Page 19 , they mention doing work in Toronto where Xebec , if I remember right ,  has also done work . I would think (guess?) Toronto probably split the contract  into sections so the companies know and have worked with each other but may not have dealt with each other, financially.
Lastly , here's a BIG difference - Aneargia is selling subordinate voting shares so there is dual share structure and the founders  have majority control over the company. A major point for Xebec .
Hope people find this helpful.