GREY:XEBEQ - Post by User
Comment by
tamaracktopon Mar 26, 2022 2:30pm
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Post# 34548496
RE:Multi-Year Growth Plan
RE:Multi-Year Growth Plan We're on the same page.
Not to split hairs, but in the interest of facts, when Xebec closed their upsized financing of $207 million @ $5.80 per share in December 2020, the Caisse excercised their entire option to acquire additional shares and in fact committed $63,250,000 to Xebec.
I'm going to add that when Xebec announced that offering on December 9th, 2020, Xebec was very close to what were all-time-highs at that point.
It closed at $6.59 that day.
It closed at $7.15 the next day. The offering was already sold-out.
When the offering of $200 million in shares @$5.80 closed on December 30th, Xebec closed at $9.00.
My point here is that throughout recent history (going back 4 years), every offering of Xebec shares came at a time the stock was at or near highs.
Their timing has been impeccable.
They won't offer shares here.