FormerXBC Inc XEBEQ

RE:RE:Multi-Year Growth Plan

[tamaracktop]

tamaracktop wrote: 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.

Let's be clear.

The CDPQ is the Caisse de Depot et Placement du Quebec

From the Caisse website:

   "Constructive capital is an investment that makes a difference.
    That moves the needle for our partners and portfolio companies in a meaningful           way.
    And helps them develop and grow economies while delivering long-             term returns."

The Caisse is very well-connected to Xebec.

What would happen to the shorts if Xebec announced a financing via another private placement with the Caisse?
That's very much a financing option. ( If Xebec needed or wanted one )

It would be entirely consistent with the Caisse's mission statement and time horizon, and by doubling up they could average down their ACB by points, not pennies.

If any shorts are waiting to cover by buying into a secondary offering,
they'd be screwed.