FormerXBC Inc XEBEQ

RE:How likely is insolvency?

[ferret_ca]

It's very likely imho, it might take another 2 yrs but I suspect probably sooner. this company is simply too small for all it's moving parts and can't make money, or not much money on it's projects so far, it has 20 subsiduaries, it needs to make things much simpler to survive imho. personally I wouldn't pay .05 for xbc, insiders seem to think so too as they haven't bought a single share down here but recently gave themselves a nice pay package so at least they'll get something out of it while it digs itself into oblivion. myabe the cronyfool can phone his buddy in ir and ask if mgmt is still thinking about buying some shares, lol.   pathetic. I feel sorry for the new mgmt as they are between a rock and a hard place, so much competition out there so any new contracts won't be high enough margins imho.

cheers and better luck next time   ferret

ps I'm a bot i'm a bot i'm a bot bot bot        bottoms up, lol