FormerXBC Inc XEBEQ

Remember this?

[tamaracktop]

"Xebec has also executed a non-binding letter of intent to acquire a leading industrial gas generation technology and manufacturing business, as well as a non-binding letter of intent to acquire a specialty compressed air and air treatment services company"

That was a little addition attached to the press release announcing the acquisition of HyGear on December 8th, 2020.
The companies that those LOI's were referring to were revealed in the subsequent announcements of Xebec acquiring Inmatec and Nortec.

Now, remember this?

"The fund has evaluated 28 projects to date and is actively involved with 18 of both greenfield and brownfield varieties in agriculture, municipal, landfill, mixed-use, and industrial waste applications. The fund has now successfully executed several letters of intent (LOI) for projects in Qubec."

That particular comment was attached to management's discussion of  "Renewable Gas Infrastructure" in the announcement of Q3 2021 results, released on November 11th, 2021.

Xebec doesn't announce LOI's unless they are signed.
Doing so would constitute misrepresentation.

Given that these comments came under the discussion on Renewable Gas Infrastructure, it's obvious that these LOI's involve BOO projects. 
These are in Quebec, where government subsidies would be a political coup.
A win-win-win.

The market has forgotten about Boo.
Any news regarding its resurrection would be a sharp reminder that Xebec has yet another source of recurring revenues up its sleeve.
Actually, it wouldn't be a resurrection, it would be an awakening.

Analysts pegged the IRR of Boo projects at 11% when fully funded with cash, in comprehensive and detailed reports written in early 2020.
The IRR became ~40% when these were financed with a 25/75% cash/debt ratio.

The improved margins and scalability of next-generation Biostream will improve these IRR numbers considerably.

BOO isn't dead.
It's coming, and it's coming better than ever.