FormerXBC Inc XEBEQ

RE:RE:Coming up on a big anniversary

[tinkvid]

Xebec "had traded as high as $11.55 in the market based on guidance of $70-$80 million."

On that Meteoric Rise to 11.55 newsletter writers were pumping this to their subscriber base and then once they release their newsletter to the general public they have all sold leaving unsuspecting retail buyers holding the bag. Happens all the time. 

Follow the science on this one...Hygear has many projects with various partners, and this is only Hygear. XBC has multiple businesses and revenue streams moving forward.

LongoGlueStick wrote:

tamaracktop wrote: Next Wednesday will be the 10-month anniversary of an infamous day.

It was March 12th when Xebec issued the guidance revision that put the stock in the
penalty box.
The stock had closed at $7.94 the previous day, having been as high as $11.50 in January.
It dropped 31% that day to close at $5.46 on 9.5 million shares.

Now read this excerpt from the press release very very carefully:

"As a result of extraordinary items in its Cleantech business segment and due to the impact of the Covid-19 pandemic, Xebec no longer expects to achieve its previous full year 2020 revenue guidance of $70 to $80 million. While the financial review remains ongoing, revenues for the full year are expected to be approximately $57 million."

Xebec "had traded as high as $11.55 in the market based on guidance of $70-$80 million."

Today guidance sits at $120-$130 million for the year just completed.

The stock is $2.30.

There has been no stock issuance since then.

Think about that.



 

I see your logic Tamaracktop, but the thing is, Kurt has disappointed several times in the past, and may not meet guidance (I thought Xebec didn't give guidance?) this time. What if we come in much lower? Like 90 million instead of the 120-130 anticipated? I think the reason why Xebec is trading where it is, is the reality that Kurt has lost credibility and people don't think he will meet expectations.