FormerXBC Inc XEBEQ

Utilities Utilities - Regulated Electric

Xebec Adsorption Inc designs, engineers, and manufactures products that are used for purification, separation, dehydration, and filtration equipment for gases and compressed air. The company operates in three reportable segments: Systems, Corporate and other, and Support. Its product lines are natural gas dryers for natural gas refueling stations, compressed gas filtration, biogas purification, associated gas, engineering services, and air dryers. The company's geographical segments are United States, Canada, China, Other, Korea, Italy, and France.

GREY:XEBEQ - Post by User

FormerXBC Inc > Short position to April 30.

<< Previous

Bullboard Posts

Next >>

Comment by kulewateron May 06, 2022 2:55pm

111 Views

Post# 34663076

RE:RE:RE:Short position to April 30.

From latest filing:

As at December 31, 2021 the company had $51.1 million of cash and restricted cash

A decent amount of cash and a credit facility close to another $50M. Not sure what the financing or PP would be for. I suspect if they do get another massive conversion from pipeline to order they may need more slack in the operating capital but the share price and revenue would help mitigate need to access capital markets.

Shorting XBC seems like a fools errand at the moment..

Ciao wrote: The SHORT is betting on a financing (to cover) vs. others betting on the fundamentals of the company and that at a valuation of 1XBV and 1.5X forward P/S, it's undervalued.

kulewater wrote: Quite a precarious position for shorts to be in.. especially with the inflection point on the horizon.

There is a few big bets on both sides that will be interesting to watch. Looking forward to the Q1 release and subsequent developments.

Have a great weekend all.