FormerXBC Inc XEBEQ

RE:RE:Volume

[Ciao]

There was only one "green" acquisition. You must be referencing HyGear which if I recall had about $18M rev in 2019 and was said to be growing in double digits wrt revenues moving foward. XBC paid about $160M or about 8X 2020 rev. Considering how the hydrogen names are still sellling at 20 - 40  P/S even now after the decline I don't see how it was overpriced on that valuation metric. HyGear is a tech company, so like a lot of tech companies, it's not hard assets but IP. P/S would be a better metric rather than purely book value.

babedinkleman wrote: Another 52 week low....and with conviction no less.  Good thing it's the close that matters.....LOL.  Because it's mattered so often before.  So if it closes at $2.16 that will mean something 'this time'?  At some point you have to face the facts....conventional trading patterns have no place here.  I always said I think it's a sub par management problem.....they were bad when they weren't silent but now no news for months?  Geez that's scary.  $4 is now more than a double for this junk......at the rate it's dropping a dollar isn't out of the question.  As for what they paid for stuff and book value....much of what they bought was likely overpriced due to the green hype at the time so don't put much faith in book value.  And you just know the pipeline is all but collapsing in my opinion.  Nurturing over $150 million a year revenue run rate is a pipe dream in this environment.
To quote the proud young know-it-all Kronyboy (did I mention young....he loves to call others old....very focussed on his youth).....anyone who bought this over $3 made a "collosal mistake".
Luckily it's the close that will tell the tale.  Until tomorrow.
No point in selling now.....but can you imagine the celebrations now if this ever makes it back to $2.50?  It will be like Christmas eve all over again.  They'll be dancing in the streets !  !

tamaracktop wrote: Big volume for no apparent reason.

Either this reverses to the upside and this is the final capitulation low, or something 
is seriously wrong here.

I've always interpreted no news ias good news because I would think the board is too experienced
to withhold material information and is aware of their obligation fot full disclosure, so 
barring a weak close I'll go with the former.

Today's close will likely be the most telling in months.