FormerXBC Inc XEBEQ

RE:REACTING IS EASY, THINKING IS DIFFICULT.

[Mick67]

DueDiligence20 wrote: The probability that someone, who has taken this company from a valuation low point of CAD 4m to well over CAD 1bn, plus who has a lot of their net worth in shares, is going to abandon their baby at a time of crisis is slim, to put it politely. I would suggest these moves were planned long ago, which is why particular people were hired in the first place. 

It seems a few fearmongers are out this afternoon; I wonder why?

If anything is probable from this news, it is Kurt´s confidence in the near future and that he has set the company on the right path and that it is now ready for the next chapter in its growth. 

 

Sorry meant to quote who i agree with.

I agree with this assessment 100%.

The board must be pleased with the progress Jim and Mike have made to date to promote them. And yes they hired Mike at the same time as Jim in order to succeed Jim at the time he took over - so this has been in the works for a long time.
The company has a good board - and they know Kurt has lost credibility and that you cant put new faces in that have been here a year if they havent got the ship pointing in the right direction. These are operation guys in a company that has lacked operational execution. Im betting on Q4 hitting targets. And Kurt can bow out gracefully.

There will be lots of views but I think this is the start of rebuilding investor confidence in the company.