FormerXBC Inc XEBEQ

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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.

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FormerXBC Inc > 90% chance it is going to do financing if it

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Comment by mingzhuon May 29, 2022 10:06pm

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Post# 34716019

RE:RE: 90% chance it is going to do financing if it

Down payment is to gurrantee the right for certain period to build the project without being given to other competitors., not the cost of building it. Maybe XBC has given $1m for downpayment., less than 1 % of $110m. I expect it need at least $100m financing to do this. you cannot just build it half way without money to continue to finish it. The financing price? likely 0.50 -0.75 if it does it before next financials in Aug. After another bad report, it may go under 0.50.

Gann999 wrote: They got a down payment for the order which will be more than sufficient to proceed with the order.

mingzhu wrote: wants to start the $110m big project it signed recently. Gross margin means products you make minus material you use. Gross margin of XBC is so low. No way it can go ahead without proper financing.